Medical Supplies Wholesaling in Minnesota - Industry Market Research Report

Medical Supplies Wholesaling in Minnesota - Industry Market Research Report

  • October 2019 •
  • 21 pages •
  • Report ID: 5597107 •
  • Format: PDF
Weak pulse: Falling medical supply prices and increased competition have stifled revenue growth

Abstract

Medical Supplies Wholesaling in Minnesota
The Medical Supplies Wholesaling industry in Minnesota comprises establishments primarily engaged in the merchant wholesale distribution of professional medical equipment, instruments and supplies, including, but not limited to, dental equipment, surgical dressings, electromedical equipment, patient monitoring equipment, hospital beds and other hospital furniture. Revenue for the Medical Supplies Wholesaling industry in Minnesota has declined over the five years to 2018 despite an increase in the number of physician visits, the number of individuals with healthcare coverage and growing research and development expenditure. Over the five years to 2023, IBISWorld projects industry revenue to stagnate. Globally and nationally integrated healthcare companies are expected to increasingly dominate the market, leading to consolidation and the exit of struggling independent wholesale companies that lack the competitive advantages of large healthcare services companies.

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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