Industry Analysis & Industry Trends
The Medical and Scientific Equipment Wholesaling industry is expected to record moderate revenue growth over the five years through 2013-14, supported by steady demand growth from the health sector, medical centres and research industries. The mining boom has also provided opportunities for professional equipment wholesalers through increased demand for electronic measuring and exploration equipment. In the health sector, steady growth in government spending and demand for health services has driven demand for a wide range of medical and surgical equipment from the industry. Industry revenue is expected to rise by an annualised 1.8% in the five years through 2013-14, to $11.0 billion. This includes relatively low growth in 2009-10, followed by steady increases in subsequent years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
With steady revenue and value added growth in the past five years, the Medical and Scientific Equipment Wholesaling industry is in a mature phase of its life cycle. Industry growth is influenced by external factors, such as the level of activity in Australia's health, manufacturing and mining industries. Over the decade through 2018-19, IBISWorld estimates that value added (the industry's contribution to national GDP) will increase at an annualised 1.6%, which is lower than estimated national GDP growth over the same period of 2.6%.
An ageing population along with rising expectations of health services contributes to industry demand, which positively affects government and private spending by the health sector on capital equipment... purchase to read more