Healthy returns: Rising health expenditure is boosting demand for industry products

Rising demand from the health sector and other industries has helped The Medical and Scientific Equipment Wholesaling grow significantly over the past five years. Australia's ageing population has boosted government funding and driven demand for a range of medical and surgical equipment products from hospitals and medical centres over the period. In contrast, demand for electronic measuring and exploration equipment has fallen over the past five years, due to lower demand from the mining sector. A high proportion of the medical and scientific equipment that industry firms wholesale is imported...read more.

Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 14-19
3.6%
Forecast Growth 19-24
Profit
Employment
25,690
Businesses
2,150
Market Share of Companies

Industry Threats & Opportunities

  • Steady demand growth from the health sector and other industries has supported the industry
  • Australia’s ageing population has contributed to strong demand for industry products
  • Steady growth in the health sector is forecast to drive industry demand over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    Steady growth in revenue over the past five years is likely to be offset by moderate value-added growth as the Australian dollar depreciates to increase industry costs. As a result, the Medical and Scientific Equipment Wholesaling industry is in a mature phase of its life cycle. Over the 10 years through 2023-24, IBISWorld expects that industry value added (the industry's contribution to national GDP) will increase at an annualised 2.3%. This is lower than estimated national GDP growth over the same period of 2.6%, and indicates that the industry will account for a smaller proportion of the economy in 2023-24 than in 2013-14...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?

    Industry firms wholesale scientific, medical and other professional equipment. Most industry operators sell, market, store and transport products. 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 other instruments
  • Dental equipment and supplies
  • Surgical and medical appliances and apparatus
  • Measuring equipment
  • Process control 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 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
    Medtronic Australasia Pty Ltd,
  • Table: Medtronic Australasia Pty Ltd - financial performance

  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • 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 medically diagnose and evaluate patients.
  • Ophthalmic
  • Refers to the eye and region around the eye. Some firms in the industry wholesale ophthalmic diagnostic equipment.
  • Research And Development (R&D)
  • Work that contributes to product innovation and advancements.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Medical and Scientific Equipment Wholesaling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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