Industry Analysis & Industry Trends
The Medical and Scientific Equipment Wholesaling industry has recorded strong revenue growth over the past five years, supported by steady demand growth from the health sector, medical centres and research industries. Increased demand for electronic measuring and exploration equipment as a result of the mining boom has also provided opportunities for industry wholesalers. In the health sector, strong growth in government health funding and demand for health services have driven demand for a range of medical and surgical equipment from the industry.
Industry revenue is estimated to rise by an annualised 6.0% in the five years through 2014-15, to $15.5 billion. This includes strong revenue growth of 11.4%... purchase to read more
Industry Report - Starting a New Business Chapter
Entry barriers to the industry are generally at a medium level and have remained relatively steady in the past five years. Establishing a sales and distribution network can also be costly and also takes time. Firms must develop a trained sales force, and a means to distribute products to customers. Creating the distribution network is the larger barrier of the two. The cost of financing the accumulation of inventory may also deter some potential players from entering the industry. Nonetheless, overall investment requirements are fairly low, which aids the entry of new operators to the industry.
A major barrier to success for new entrants is access to products that are of high quality and which have strong brand names... purchase to read more