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 - Starting a New Business Chapter
The industry is highly fragmented, with a large number of small and independent players dominating the industry. These two characteristics reflect low barriers to entry; prospective players can establish online medical supply operations without much difficulty (other than sourcing relationships with wholesalers or manufacturers). Nonetheless, incumbent players can still benefit from the reputations they have established as reliable operators that supply merchandise of an acceptable quality. Existing operators have also had to gain the trust of consumers by providing secure websites for credit card details.
This industry also has a low level of capital intensity, which makes entry easier... purchase to read more