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 - Starting a New Business Chapter
Moderate entry barriers exist for the Online Medical Supplies Sales industry. The most notable entry barriers for prospective participants are the need for strong supplier contacts, capital start-up costs, and regulatory requirements.
However while prospective entrants need to be aware of existing players, the level of market share concentration remains low and there is significant room for new players.
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... purchase to read more