Industry Analysis & Industry Trends
The Medical Courier industry is expected to perform relatively well compared with general couriers and distributors during the five years to 2014. During this period, revenue is expected to increase overall. The healthcare sector is generally more resilient to economic downturns than other sectors due to its necessary nature. Nonetheless, industry revenue did decline during the Great Recession, as Americans reduced healthcare utilization and companies and providers consequently limited spending on courier services. Growth has been rebounding in more recent years, driven by healthcare globalization and technological innovation. These two trends will drive demand in the coming five years as well.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Medical Couriers industry in the growth phase of its economic life cycle; this stage is characterized by establishment growth, rapid technological change and new types of buyers. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 3.4% over the 10 years to 2014. In contrast, US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the growth stage of its economic life cycle when growth in IVA trends at a faster rate than GDP growth over a 10-year period.
Over the 10 years to 2019, the industry is set to expand with the number of enterprises forecast to increase at an annualized rate of 2.3% to reach 8,593 companies... purchase to read more