Overview

Doctor's orders: Australia's ageing population is boosting demand for medical equipment

IBISWorld’s Medical and Scientific Equipment Wholesaling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth
2012 - 2017
3.3%
Annual Growth
2017 - 2022
Profit
Employment
22,870
Business
2,103

Industry Threats & Opportunities

  • Steady demand growth from the health sector and research industries has supported the industry
  • Australia's ageing population has contributed to strong demand for industry products
  • Steady growth in the health sector will drive industry demand over the next five years

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    Industry Analysis & Industry Trends

    The Medical and Scientific Equipment Wholesaling industry has grown strongly over the past five years, supported by steady demand growth from the health sector and research industries. Australia's ageing population has boosted government funding and driven demand for medical and surgical equipment from hospitals and medical centres. In contrast, demand for electronic measuring and exploration equipment has weakened due to lower demand from the mining sector. A high proportion of the medical and scientific equipment wholesaled by industry firms is imported. Products range from high-end medical diagnosis equipment manufactured in Germany and the United States, to basic medical supplies, such as bandages and swabs, from lower cost countries...

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    Industry Report - Industry Products Chapter

    The two main product groups in the industry are medical and surgical equipment, and scientific and professional equipment. Medical and surgical equipment accounts for approximately two-thirds of industry revenue. This covers a range of products such as medical, surgical, ophthalmic, dental, diagnostic and veterinary equipment, instruments and apparatus. Scientific and professional equipment products account for the remaining revenue. These proportions are expected to remain relatively stable over the five years through 2016-17.

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    Additional Insights for the Medical and Scientific Equipment Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical and Scientific Equipment Wholesaling Industry are

  • Having contracts that are favourable to the wholesaler
  • Having an extensive distribution and collection network
  • Offering clients a range of payment options
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Trade-weighted index in the Medical and Scientific Equipment Wholesaling industry impact industry performance..

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    Industry Products

    What is the Medical and Scientific Equipment Wholesaling Industry?

    Firms in the industry wholesale scientific, medical or other professional equipment. Most wholesalers in the industry undertake sales and administrative activities, marketing and advertising of products, and storage and transportation of stock. Wholesalers establish relationships with manufacturers and retailers to ensure a reliable supply of, and demand for, stock.

    Industry Products
    Surgical and medical instruments and supplies
    Laboratory apparatus and furniture
    Dental equipment and supplies
    Surgical and medical appliances and apparatus
    Measuring equipment
    Process control instruments
    Other instruments
    Industry Activities
    Aeronautical instruments wholesaling
    Dental instruments or equipment wholesaling
    Mathematical instruments wholesaling
    Medical equipment and instruments wholesaling
    Meteorological instruments or equipment wholesaling
    Nautical instruments wholesaling
    Ophthalmic instruments wholesaling
    Seismic instruments wholesaling
    Surveying instruments wholesaling
    Veterinary instruments or equipment wholesaling

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Trade-weighted index
  • Demand from scientific research services
  • Demand from manufacturing
  • Demand from mining
  • Population aged 70 and older

  • Current Performance
  • Imported products
  • Medical and surgical equipment
  • Professional and scientific equipment
  • Profitability, wages and enterprises
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and industry growth
  • Professional and scientific equipment
  • Profit and industry participation
  • Currency risks and industry issues
  • Table: Medical and Scientific Equipment Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical and Scientific Equipment Wholesaling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Scientific Research Services
  • University and Other Higher Education
  • Health Services

  • Key Selling Industries
  • Measurement and Other Scientific Equipment Manufacturing
  • Medical and Surgical Equipment Manufacturing

  • Products & Services
  • Surgical and medical appliances and apparatus
  • Surgical and medical instruments and supplies
  • Measuring equipment
  • Process control instruments
  • Dental equipment and supplies
  • Laboratory apparatus and furniture
  • Other instruments
  • Chart: Medical and Scientific Equipment Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public hospitals
  • Private medical practices and hospitals
  • Industry and mining firms
  • Other sectors
  • Dentists
  • Research organisations
  • Chart: Major Market Segmentation for the Medical and Scientific Equipment Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Medical and Scientific Equipment Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical and Scientific Equipment Wholesaling Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical and Scientific Equipment Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical and Scientific Equipment Wholesaling Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Irradiation Apparatus
  • Devices that use X-rays, beta-rays and gamma-rays to carry out medical diagnosis and evaluation for patients.
  • Research And Development (R&D)
  • Work that contributes to product innovation and advancements.
  • Trade-Weighted Index
  • An index of the average value of the Australian dollar as measured against the currencies of Australia's major trading partners.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical and Scientific Equipment Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical and Scientific Equipment Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical and Scientific Equipment Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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