Laboratory Supply Wholesaling in the US - Industry Market Research Report

Laboratory Supply Wholesaling in the US - Industry Market Research Report

  • June 2020 •
  • 37 pages •
  • Report ID: 862767 •
  • Format: PDF
Grand scale: Increased investment in research and development will likely support revenue growth

Abstract

Laboratory Supply Wholesaling in the US
Overall, the Laboratory Supply Wholesaling industry has experienced strong revenue growth as demand from professional, scientific and technical service providers has steadily increased. The need for higher quality standards and regulations have driven companies to conduct more tests, promoting demand for industry products. Mergers and acquisitions remain a strong theme with larger players in this industry, as they are able to offer more products and services to customers in a more streamlined fashion. Over the next five years to 2024, revenue growth is anticipated to develop due to increases in private and government investment in research and development, universities and continued growth in demand from clinical laboratory services. However, e-commerce and wholesale-bypass sales are expected to increase as manufacturers provide direct to consumer sales, posing a potential threat to future growth.

Operators in the Laboratory Supply Wholesaling industry engage in the wholesale distribution of laboratory, scientific and school equipment and supplies. This industry excludes wholesalers that predominantly distribute medical, hospital and dental equipment and supplies.

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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