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

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...read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
3.3%
Forecast Growth 17-22
Profit
Employment
22,870
Businesses
2,103
Market Share of Companies
There are no companies with a dominant market share in this industry

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
  • Industry Report - Industry Investment Chapter

    The industry's capital intensity is determined by the ratio of capital costs to labour costs. Businesses in the industry tend to spend significantly more on labour than the overall machinery and equipment wholesaling sector. Further, wholesalers require a knowledgeable workforce to liaise with clients due to the highly technical nature of many industry products. For every dollar required for labour costs, approximately $0.04 is projected to be invested in capital equipment during 2016-17, indicating that the industry has a low capital intensity level. Due to some labour efficiency gains over the past five years resulting in wages decreasing as a proportion of industry revenue, the capital intensity level has increased slightly. Thi...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    The Medical and Scientific Equipment Wholesaling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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