Well equipped: While competition affects profit, rising health expenditure boosts revenue

The Professional and Scientific Goods Wholesaling industry's performance has been volatile over the past five years. An increasing population aged 50 and over has caused health expenditure to rise, driving industry growth. However, increased competition within the industry and from local medical and surgical equipment manufacturers has curbed industry revenue growth. Industry revenue is expected to rise at an annualised 5.5% over the five years through 2018-19, to $2.1 billion. Increased health expenditure is expected to support revenue growth of 1.1% in the current year.A larger population aged 50 and over, and subsequent increases in health expenditure have driven demand for industry products...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
5.5%
Forecast Growth 19-24
Profit
Employment
2,825
Businesses
442
Market Share of Companies

Industry Threats & Opportunities

  • Growth in the population aged 50 and over and rising health expenditure boost industry revenue
  • Technological changes help generate greater revenue as downstream firms upgrade their equipment
  • Increasing reliance on the health system is expected to support industry growth
  • Industry Report - Industry Investment Chapter

    The Professional and Scientific Equipment Wholesaling industry exhibits low capital intensity. In 2018-19, for every dollar paid as wages, an estimated $0.08 is spent on capital investment. Despite capital intensity generally increasing among wholesaling businesses, industry operators remain labour-intensive due to the technical nature of products and the knowledge required when dealing with customers. Labour intensity increases when dealing with higher value medical and scientific equipment, which is typically more complex and fragile, with some equipment requiring additional installation services. Smaller operators typically gain less incremental benefits from capital investment, while large-scale operations generate greater returns on investment in warehousing and logistics...purchase to read more.

    Additional Insights for the Professional and Scientific Goods Wholesaling Industry

    IBISWorld has determined the most important Key Success Factors for the Professional and Scientific Goods Wholesaling are:

  • Offering clients a range of payment options
  • Ability to control stock on hand
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Trade-weighted index in the Professional and Scientific Goods Wholesaling industry impact industry performance..

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    What's in this report

    What is the Professional and Scientific Goods Wholesaling in New Zealand Industry?

    Industry operators are primarily engaged in scientific, medical or other professional equipment wholesaling. Firms in the industry also wholesale aeronautical, dental, mathematical, navigation and optical equipment. Photographic equipment wholesaling is excluded from industry activities.

    Industry Products
  • Medical and surgical appliances and apparatus
  • Medical and surgical instruments and supplies
  • Dental equipment and supplies
  • Measuring and analytical equipment
  • Laboratory apparatus
  • Industry Activities
  • Aeronautical equipment wholesaling
  • Dental equipment wholesaling
  • Medical equipment wholesaling
  • Meteorological equipment wholesaling
  • Navigation equipment wholesaling
  • Optical equipment wholesaling
  • Scientific equipment wholesaling
  • Surgical 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
  • Population aged 50 and older

  • Current Performance
  • Industry profitability
  • Rising health expenditure
  • Medical technology
  • Other equipment
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry landscape
  • Rising health expenditure
  • Technological advances
  • Table: Professional and Scientific Goods Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Scientific Research Services in New Zealand
  • Universities in New Zealand
  • Hospitals in New Zealand

  • Key Selling Industries
  • Medical, Surgical and Scientific Equipment Manufacturing in New Zealand
  • Packaging Services in New Zealand

  • Products & Services
  • Medical and surgical appliances and apparatus
  • Medical and surgical instruments and supplies
  • Measuring and analytical equipment
  • Dental equipment and supplies
  • Laboratory apparatus
  • Chart: Professional and Scientific Goods Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public hospitals
  • Private hospitals and medical practices
  • Dental practices
  • Manufacturers
  • Research organisations
  • Other markets
  • Chart: Major Market Segmentation for the Professional and Scientific Goods 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 Professional and Scientific Goods Wholesaling

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Professional and Scientific Goods Wholesaling Industry

  • Industry Globalization
    EBOS Group Limited, REM Systems Limited,
  • Table: EBOS Group Limited - financial performance
  • Table: REM Systems Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Professional and Scientific Goods 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 Professional and Scientific Goods 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
    Densometer
  • A device used to measure the density of a sample.
  • Medical Technology Association Of New Zealand
  • The industry body representing medical technology manufacturers, importers and distributors of medical devices in New Zealand.
  • Mri
  • Magnetic resonance imaging is a body scan using strong magnets and radiofrequency pulses.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Professional and Scientific Goods Wholesaling in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Professional and Scientific Goods Wholesaling in New Zealand:
    • 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 Professional and Scientific Goods Wholesaling in New Zealand 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 Professional and Scientific Goods Wholesaling in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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