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Medical Supplies Wholesaling in the US Industry Market Research Report Now Available from IBISWorld
Date:10/27/2013

Los Angeles, CA (PRWEB) October 27, 2013

The Medical Supplies Wholesaling industry distributes products generally used for nonelective procedures intended to improve or maintain health. Demand for wholesale activities associated with products is highly correlated with demand for the products themselves. 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 US has increased as well. Accordingly, the Medical Supplies Wholesaling industry has exhibited robust revenue growth in the five years to 2013, with the exception of a temporary decline during the recession. In particular, demand for medical devices used in elderly care (including neurological and cardiovascular products) increased over this period and is expected to continue rising during the next five years.

According to IBISWorld Industry Analyst Jocelyn Phillips, “in addition to increased demand, rising product prices also contributed to industry growth.” Over the past five years, industry revenue is expected to increase, including a significant increase during 2013. However, rising product prices are largely a result of increasing input prices; due to these more expensive inputs, as well as stringent government regulations, average industry profit margins have remained nearly flat in the past five years, hovering near revenue during the past five years.

Moreover, in 2013, IBISWorld estimates that the top four firms in Medical Supplies Wholesaling industry (including Cardinal Health, Owens & Minor Inc., Henry Schein and Patterson Companies) will generate more than 10.0% of total industry revenue (see IBISWorld report 42345 for major player market shares). The dental supply market i
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