Industry Analysis & Industry Trends
Online medical supplies sales will experience strong growth over the next five years, driven by an aging population and increasing penetration of the internet. Growing broadband use by customers will encourage online sales, and demand for medical supplies will pick up as obesity and other health issues become more prevalent. Nevertheless, potential regulation requiring sales tax would constrain the industry growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2019, 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 5.9%. Meanwhile, US GDP is forecast to grow at an average annual rate of 2.5% 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 five years to 2014, the number of online medical supply retailers has increased at an average annual rate of 3.5%, indicating an expanding industry... purchase to read more