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 - Industry Locations Chapter
The number of establishments within the industry has been increasing steadily over the five-year period through 2014-15. Establishments within the industry are concentrated along the eastern seaboard due to the high population, and the high number of hospitals, medical facilities and other companies that require industry products. Concentration within these areas has been increasing over the past five years, with New South Wales and Victoria alone accounting for an estimated 66.8% of industry establishments in 2014-15, and 63.7% of industry revenue. Queensland also accounted for a high proportion of industry establishments and revenue due to strong population growth and increased mining activity in the past five years... purchase to read more