Industry Analysis & Industry Trends
The Medical and Scientific Equipment Wholesaling industry is expected to record moderate revenue growth over the five years through 2013-14, supported by steady demand growth from the health sector, medical centres and research industries. The mining boom has also provided opportunities for professional equipment wholesalers through increased demand for electronic measuring and exploration equipment. In the health sector, steady growth in government spending and demand for health services has driven demand for a wide range of medical and surgical equipment from the industry. Industry revenue is forecast to rise by an annualised 1.8% in the five years through 2013-14, to $11.0 billion. This includes relatively low growth in 2009-10, followed by steady increases in subsequent years... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the top four major players in the industry will account for 11.5% of industry revenue in 2013-14, although concentration levels will be higher in certain segments. The eight largest firms are estimated to account for 18.9% of total industry revenue for the year. These levels have remained relatively stable in the past five years due to limited opportunities for firms to significantly increase market share levels due to the large size of the total industry.
The main reason for low overall concentration in this industry is the broad range of products offered and markets served. This industry is relatively fragmented due to the high number of specialist products that are provided to end-users... purchase to read more