Industry Analysis & Industry Trends
The Online Medical Supplies Sales industry has boomed over the past five years, and this trend is projected to continue over the next five years.Demand for medical supplies has grown as a result of greater public and private health spending, continued innovation and new product introductions. Growth of e-commerce and the shift from brick-and-mortar stores to online retailers have also helped industry revenue surge.Favorable demographics have boosted demand for industry services over the five-year period. As the population ages, consumers need more healthcare procedures, which require medical supplies.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2021, industry value added, which measures the Online Medical Supplies Sales industry's contribution to the US economy, is expected to increase an average annual rate of 5.6%. Meanwhile, US GDP is forecast to grow at an annualized rate of 2.2% over the same period. These rates indicate that the industry is in the growth phase of its life cycle because its growth rate outpaces GDP over a 10-year period. Rising industry participation and new forms of business also indicate a growing industry.
Over the 10 years to 2016, the number of online medical supply retailers is expected to increase at an average annual rate of 5.8%, indicating an expanding industry... purchase to read more