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Online Medical Supplies Sales in the US Industry Market Research Report Now Available from IBISWorld
Date:9/9/2013

Los Angeles, CA (PRWEB) September 09, 2013

The $4.4 billion Online Medical Supplies Sales industry has been resilient during the recession, and it is forecast to continue growing in the coming years. Revenue is expected to grow 10.5% from 2012 to 2013, and is estimated to increase at an average annual rate of 10.0% over the five years to 2013. According to IBISWorld Industry Analyst Anna Son, “Demand for medical supplies has grown as a result of greater public and private health spending, continued innovations and new product introductions.” The growth of e-commerce and the shift from brick-and-mortar stores to online retailers have also helped industry revenue surge. These trends are projected to continue during the five years to 2018.

Favorable demographics have supported industry growth. As the population ages, consumers need more healthcare procedures, which require medical supplies. The growth of the relatively new industry has also coincided with the increasing ubiquity of internet access, particularly broadband. The costs to obtain an internet connection and a personal computer are relatively low and have declined in recent years. Furthermore, broadband internet provides faster speeds, greater bandwidth and more stable connections than aging dial-up internet connections. “The easier and more affordable it is to connect to the internet, the more accessible online retailers are, making consumers more likely to purchase from these stores,” says Son. These factors have fueled strong industry growth over the last five years and are encouraging a rising number of consumers and healthcare practitioners to purchase their medical supplies online.

Online medical supplies retailers have been able to successfully compete with traditional brick-and-mortar stores by providing th
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