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Medical and Scientific Equipment Wholesaling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical and Scientific Equipment Wholesaling Market Research Report | ANZSIC F3491 | Sep 2014

Well equipped: The ageing population will drive demand for medical and surgical equipment

IBISWorld’s Medical and Scientific Equipment Wholesaling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 10-15
6.0%
Annual Growth 15-20
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Profit
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Employment
25,710
Businesses
2,119
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. The increased demand for electronic measuring and exploration equipment as a result of the mining boom has also provided opportunities for professional equipment wholesalers. In the health sector, high growth in government spending and demand for health services have driven demand for a wide range of medical and surgical equipment from the industry. Industry revenue is expected to rise by an annualised 6.0% in the five years through 2014-15, to $15.5 billion. This included strong revenue growth in 2012-13 of... purchase to read more

Industry Report - Industry Investment Chapter

The industry's capital intensity is determined by the ratio of capital (depreciation) to labour costs (wages). IBISWorld estimates the capital intensity level using data from the industry cost structure. Depreciation is used as a proxy for capital, and wages are used as a proxy for labour. In 2014-15, deprecation is estimated to account for 0.6% of industry revenue, with wages estimated at 17.6%. This shows that for every dollar spent on capital equipment in the industry, approximately $29.27 is required for labour costs. This indicates that the industry has a low capital intensity level. Businesses in the industry tend to spend more on labour in comparison with the machinery and equipment wholesaling sector overall... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical and Scientific Equipment Wholesaling Industry?

Firms in the industry wholesale scientific, medical or other professional equipment. Most wholesalers in the industry undertake sales and administrative activities including establishing relationships with manufacturers and retailers to ensure a reliable supply and demand of stock, marketing and advertising of products, and storage and transportation of stock.

Industry Products
Surgical and medical instruments and suppliesLaboratory apparatus and furnitureDental equipment and suppliesSurgical and medical appliances and apparatusMeasuring equipmentProcess control instrumentsOther instruments
 
Industry Activities
Aeronautical instruments wholesalingDental instruments or equipment wholesalingMathematical instruments wholesalingMedical equipment and instruments wholesalingMeteorological instruments or equipment wholesalingNautical instruments wholesalingOphthalmic instruments wholesalingSeismic instruments wholesalingSurveying instruments wholesalingVeterinarians' instruments or equipment wholesaling


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