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Medical Supplies Wholesaling in the US - Industry Market Research Report

  • January 2017
  • -
  • Ibisworld
  • -
  • 39 pages

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Steady pulse: The aging population and new technologies will spur slow but steady growth

Abstract

Medical Supplies Wholesaling in the US

Medical Supplies Wholesaling industry revenue has increased steadily in the five years to 2016. The median age of the population has risen over the past five years, and as a result, the number of age-related nonelective procedures performed in the United States increased as well. In particular, demand for medical devices used in elderly care has increased over this period and is expected to continue rising over the next five years. Rising product prices have also supported industry growth. Over the five years to 2021, industry revenue is projected to rise as healthcare providers continue to invest in new equipment to keep up with growing demand for healthcare services. New product development by medical device manufacturers will also contribute to industry growth by offering new solutions to health issues.

Medical supplies wholesalers purchase medical and surgical equipment, instruments and supplies, store these items at distribution centers, and deliver these products and related services to medical and dental practitioners, clinics and hospitals. The industry does not handle instruments and goods that are distributed to ophthalmologists, optometrists, veterinarians and opticians. This industry also does not include pharmaceutical sales.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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