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. Flailing business and consumer confidence had minimal impact on the industry's fortunes, as demand for medical supplies is highly inelastic given its 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. The ease of purchasing medical consumables, such as catheters, applicators, drug-testing kits, protective apparel and disposable instruments, online has resulted in strong revenue growth over the past five years... purchase to read more
Industry Report - Starting a New Business Chapter
There is a moderate level of barriers to entry within the Online Medical Supplies Sales industry. Prospective entrants need to be aware of existing players. However, the level of market share concentration remains low and there is significant room for new players. The most notable barriers to entry for prospective participants are a required ability to have strong supplier contacts and minimise costs, capital investment for starting operations and regulatory requirements.
The ability for firms in the industry to procure equipment and instruments for sale presents a barrier for new firms. Prospective entrants will need contacts or experience within the medical industry in some form in order to begin sourcing products... purchase to read more