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 Key Buyers Chapter
IBISWorld estimates that the top four players account for 8.9% of industry revenue in 2014-15, although concentration levels will be higher in certain segments, such as specialised medical equipment. This concentration level has remained relatively stable in the past five years as there are 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 the industry is the broad range of products offered and markets served. The industry is relatively fragmented due to the high number of specialist products that are provided to end users. No company dominates the industry, although several firms have high market shares in particular niche market segments... purchase to read more