Industry Analysis & Industry Trends
The Medical and Scientific Equipment Wholesaling industry has grown strongly 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 over this time. In the health sector, strong growth in government funding and demand for health services have driven demand for a range of medical and surgical equipment wholesaled by the industry.
Industry revenue is expected to rise by 5.7% annualised over the five years through 2015-16, to $16.1 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
With strong growth in revenue and industry value added over the past five years, the Medical and Scientific Equipment Wholesaling industry is in a growth phase of its life cycle. Industry revenue growth is influenced by external factors, such as the level of activity in Australia's health, manufacturing and mining industries. Over the decade through 2020-21, IBISWorld estimates that value added (the industry's contribution to national GDP) will increase at an annualised 3.5%. This is higher than estimated national GDP growth over the same period, of 2.6%. This indicates that the industry will account for a greater proportion of the economy in 2020-21 than in 2010-11... purchase to read more