Rising pulse: The industry continues to bounce back, as total health expenditure increases
Medical Supplies Wholesaling in Illinois The Medical Supplies Wholesaling industry in Illinois has been historically volatile. As operators have entered and left the state, industry revenue has fluctuated accordingly. The industry has also been affected by the performance and presence of medical supply manufacturers in Illinois, as wholesalers benefit from downstream healthcare providers not being able to purchase supplies from manufacturers in the state. Still, over the five years to 2017, the Medical Supplies Wholesaling industry in Illinois has mostly grown. However, due to significant cost cutting measures by downstream healthcare providers early in the five-year period, industry revenue plummeted in 2013. Since then revenue has grown due to rising demand for healthcare services and, therefore, rising demand for medical supplies and equipment. Over the five years to 2022, industry revenue is expected to rise, surpassing previous highs, as total health expenditure in Illinois and the number of adults aged 65 and older in Illinois are both projected to continue growing.
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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