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Medical Supplies Wholesaling in the US Industry Market Research Report from IBISWorld has Been Updated
Date:4/1/2013

Los Angeles, CA (PRWEB) April 01, 2013

In the five years to 2013, the Medical Supplies Wholesaling industry has exhibited robust revenue growth, with the exception of a temporary decline during the recession. The industry distributes products generally used for nonelective procedures intended to improve or maintain health. The number of nonelective procedures performed has increased over the past five years, trending in line with the aging US population; as the median age of the population rises, disease and health complications become more frequent. According to IBISWorld industry analyst Anna Son, “In particular, devices that affect the older population, including neurological and cardiovascular products, are expected to experience strong sales over the next five years.” Therefore, companies are increasingly wholesaling these types of medical supplies.

Rising prices for existing products and more per-patient use of supplies have also contributed to growth for the Medical Supplies Wholesaling industry. From 2012 to 2013, revenue is expected to rise 4.2% to $157.4 billion, averaging an annual growth rate of 3.1% over the past five years. The industry has expanded sales of essential medical supplies despite adverse consumer spending conditions. However, rising commodity prices and stringent government regulations have suppressed industry profitability during the recession. Profit has also been bolstered by increasing merger and acquisition activity over the period. “Although market share concentration remains low due to the diverse nature of the industry, individual segments, such as dental supply wholesaling, haves become highly concentrated as various firms
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