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, medical centres and research industries. In the health sector, increased government funding and demand for health services have driven demand for a range of medical and surgical equipment that the industry wholesales. In contrast, demand for electronic measuring and exploration equipment weakened on the back of a decline in the mining sector. A high proportion of the medical and scientific equipment that the industry wholesales is imported. These products come from a range of companies that supply products across many pricepoints... purchase to read more
Industry Report - Industry Analysis Chapter
The Medical and Scientific Equipment Wholesaling industry has performed well over the past five years. Increased government spending and greater demand for health sector services have driven strong demand for medical and surgical equipment. Overall, industry revenue is expected to increase by an annualised 3.3% over the five years through 2016-17, to $15.5 billion. This includes a rise of 5.3% in 2016-17, due to steady growth in health expenditure for the year, and more stable currency, and increased demand from scientific research services.
Industry growth is influenced by changes in research investment, government and private health expenditure, population demographics, the exchange rate, and downstream demand from manufacturing and mining industries... purchase to read more