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Online Medical Supplies Sales in Australia: Market Research Report

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

Online Medical Supplies Sales Market Research Report | Online Retail | Online Pharmaceutical, Health & Beauty | May 2014

Growth injection: The ageing population and consumer acceptance of e-tailers drive growth

IBISWorld’s Online Medical Supplies Sales market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$270m
Annual Growth 09-14
10.1%
Annual Growth 14-19
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Profit
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Employment
810
Businesses
101
Industry Analysis & Industry Trends

The Online Medical Supplies Sales industry has performed strongly over the past five years, driven by the overall growth in online retailing and robust demand conditions in downstream markets. Poor business and consumer confidence had minimal impact on the industry's fortunes, as demand for medical supplies is highly inelastic given their essential nature. To staff and equip clinics, medical practitioners and institutions rely on federal and state government funding, which has increased strongly over the past five years. This funding growth has been driven in part by Australia's ageing population... purchase to read more

Industry Report - Industry Investment Chapter

The Online Medical Supplies Sales industry is expected to have a low level of capital intensity as measured by the capital to labour ratio. In 2013-14, this ratio is estimated to be 1:12.5, suggesting that industry players require $12.50 worth of wages for every dollar of capital invested.

Similar to other online retail industries, industry participants do not require large amounts of capital in order to compete. Initial investments are restricted to computer equipment, e-commerce technology and rental space, along with access to an inventory of supplies. However, retailers must ensure that all products intended for sale meet the legislative requirements set out by the Therapeutic Goods Administration (TGA) and entered into the Australian Register of Therapeutic Goods (ARTG)... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Medical Supplies Sales Industry?

This industry includes online retailers of medical supplies, which includes equipment and tools used in health care for diagnosis, therapy or surgery. Industry operators also sell products such as topical treatments and dressings, antiseptics, bandages, cotton, first-aid kits, syringes, thermometers and heating pads.

Industry Products
Surgical and medical instrumentsSurgical and medical diagnostic equipmentConsumables and general supplies Dental equipment and supplies Other medical supplies
 
Industry Activities
Retail sale of medical suppliesRetail sale of medical supplies


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