Navigation Links
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 the convenience of at-home (or office) shopping and offering a larger selection of items. Most importantly, they are able to compete successfully by providing discounted prices for the same or comparable products. Industry operators can achieve these lower price points because of lower overhead (due to their lack of a retail space) and the fact that they don't charge sales tax. However, proposed changes in state tax laws over the next five years threaten to negate that advantage.

For more information, visit IBISWorld’s Online Medical Supplies Sales in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The Online Medical Supplies Sales industry includes online retailers of medical supplies, which includes equipment and tools used in healthcare for diagnosis, therapy or surgery. Industry operators sell products such as topical treatments and dressings, antiseptics, bandages, cotton, first aid kits, syringes, ice bags, thermometers and heating pads. The industry does not include retailers of nutritional supplements, vitamins, personal care products, eyeglasses and contact lenses.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11100227.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Online Party Store Offers New Halloween Costume Accessories and Supplies
2. Buy Prom Dresses Online Now At 4leafcity.com
3. USA-Made Anti-Hemorrhoids Treatment Product Venapro Introduces Exclusive Online Offer
4. Cheap Cocktail Dresses for September Now Online at 4leafcity.com
5. Online USA Doctors, Virtual Doctor Create a New Approach to Help Those with Diabetes
6. United Planning Group Announces Release of Line of Online “V-Brochures”
7. BCLS Certification Expert United Medical Education’s New Blog Post Explains the Online Course
8. Colorado State University-Global Campus Launches New Online Bachelor’s Degree in Human Services
9. Online Benefits Administration Firm, Benefit Express, Offers New Solution to Help Clients With Health Care Reform Communication
10. New Online Marketplace Offers an Easy Way to Make Money in a Hard Economy
11. Bega Label's Giant Selection of Blank Labels, Laser Labels, and Sheet Labels Is Now Available Online at Discount Prices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/22/2017)... ... August 22, 2017 , ... Five Star Glass is new to the Texas market, but ... of auto glass for most makes and models, in Grand Prairie, TX, located in the ... They have been a family owned business for the past 40 years with 32 convenient ...
(Date:8/22/2017)... ... , ... “Glimpses Of Light”: is a unique and thought inspiring guide ... creation of published author, J.M. Shepherd, a writer, teacher, traveler, and metaphysician, the author ... , Shepherd shares, “Love is one of the least understood and yet most sought-after ...
(Date:8/21/2017)... MO (PRWEB) , ... August 22, 2017 , ... PracticeMatch, ... fairs to help healthcare employers connect with physicians and advanced practitioners like nurse ... virtual career fairs in August through November of this year. The online career ...
(Date:8/21/2017)... ... 2017 , ... SportsEngine, Inc. , a division of ... of North Country Region Volleyball and will power registration, scheduling, and competition results ... sport management software to their member clubs. , SportsEngine provides financial ...
(Date:8/21/2017)... ... , ... PIXACORE , an independent full-service agency with a decade of ... the year by MM&M. , This is the first time PIXACORE has made the ... agency. PIXACORE’s newfound recognition reflects its steady trajectory of growth and recent strategic ...
Breaking Medicine News(10 mins):
(Date:7/31/2017)... 2017 Three Tru-D SmartUVC robots have arrived at ... . Tru-D, short for "Total Room Ultraviolet Disinfection," is a 5-foot-5 ... environmental services (ES) professional cleans the area with traditional cleaning protocols. ... Tru-D fights germs at ... "Although the BAACH has a very low ...
(Date:7/27/2017)... 27, 2017  Zimmer Biomet Holdings, Inc. (NYSE and ... June 30, 2017.  The Company reported second quarter net ... the prior year period, and an increase of 2.1% ... points of contribution from the LDR Holding Corporation acquisition, ... quarter of 2016, or 0.3% on a constant currency ...
(Date:7/26/2017)... 26, 2017 Sancilio Pharmaceuticals Company, Inc. (SPCI) ... trial evaluating Altemia TM , an oral therapy for ... Cell Disease (SCD). The SCOT Trial, is a double-blind, ... safety of Altemia TM in pediatric patients aged ... IND 125274. "The ...
Breaking Medicine Technology: