Tend and mend: Florida's aging population will sustain industry revenue

The past five years have provided steady growth for the Medical Supplies Wholesaling industry in Florida. Since 2012, demand for healthcare services has been strong in Florida, due to the high number of adults over the age of 65 and high access to health insurance in Florida. Demand for healthcare services translates to demand for industry products because industry products are necessary for performing healthcare procedures. In addition to demand for healthcare services, industry revenue is supported by cost-cutting efforts from healthcare providers. Over the next five years, the trends that have supported industry revenue growth are expected to continue. ...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
13,295
Businesses
1,158
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Industry Threats & Opportunities

  • Industry revenue growth is supported by strong demand for healthcare services
  • The aging population will increase demand for industry supplies in Florida
  • Revenue is expected to be supported by rising Medicare and Medicaid enrollment
  • Industry Report - Industry Locations Chapter

    The geographic description of the Medical Supplies Wholesaling industry in Florida is mainly driven by access to manufacturers. More than half of industry establishments are based in the Miami-South region because the Port of Miami gives industry operators access to imported medical supplies and equipment. The Port of Miami received $14.8 billion in imports in 2015 (latest available data). Due to access to these imports, 52.4% of industry establishments operate in the Miami-South region. The remaining Florida industry establishments are distributed according to the population of the state. The Tampa-West region accounts for the second-largest portion of establishments, at 22.5%, and 30.1% of the population. Hea...purchase to read more.

    Additional Insights for the Medical Supplies Wholesaling in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Supplies Wholesaling in Florida Industry are

  • Guaranteed supply of key inputs
  • Having an extensive distribution/collection network
  • Complementary services
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Federal funding for Medicare and Medicaid in the Medical Supplies Wholesaling in Florida industry impact industry performance..

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    What is the Medical Supplies Wholesaling in Florida Industry?

    Medical supplies wholesalers purchase medical and surgical equipment, instruments and supplies, store these items at distribution centers, and deliver these products and related services to medical and dental practitioners, clinics and hospitals. The industry does not handle instruments and goods that are distributed to ophthalmologists, optometrists, veterinarians and opticians. This industry also does not include pharmaceutical sales.

    Industry Products
  • Surgical, medical and hospital equipment
  • Surgical, medical and hospital supplies
  • Orthopedic and prosthetic appliances and supplies
  • Dental instruments and supplies
  • Pharmaceutical supplies
  • Other equipment and supplies
  • Industry Activities
  • Purchasing medical supplies from manufacturers
  • Storing medical supplies at distribution centers
  • Providing delivery of medical supplies and related services to medical and dental professionals
  • Providing resource management and consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Federal funding for Medicare and Medicaid
  • Research and development expenditure
  • Number of physician visits

  • Current Performance
  • Aging population
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing elderly population
  • Industry companies
  • Table: Medical Supplies Wholesaling in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Supplies Wholesaling in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Specialist Doctors
  • Dentists
  • Chiropractors
  • Psychologists, Social Workers & Marriage Counselors
  • Emergency & Other Outpatient Care Centers
  • Diagnostic & Medical Laboratories
  • Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • Surgical, medical and hospital equipment
  • Surgical, medical and hospital supplies
  • Dental instruments and supplies
  • Orthopedic and prosthetic appliances and supplies
  • Other equipment and supplies
  • Pharmaceutical supplies
  • Chart: Medical Supplies Wholesaling in Florida Industry Products and Services Segmentation

  • Major Markets
  • Hospitals
  • Clinics
  • Alternative care providers
  • Dentists
  • Chart: Major Market Segmentation for the Medical Supplies Wholesaling in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Medical Supplies Wholesaling in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Supplies Wholesaling in Florida Industry

  • Cardinal Health Inc.American Medical DepotHenry Schein Inc.McKesson CorporationOwens & Minor Inc.
  • Table: Cardinal Health Inc. - financial performance
  • Table: American Medical Depot - financial performance
  • Table: Henry Schein Inc. - financial performance
  • Table: McKesson Corporation - financial performance
  • Table: Owens & Minor Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Supplies Wholesaling in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Supplies Wholesaling in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older in Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Group Purchasing Organization
  • A group of businesses that form to leverage their purchasing power and gain discounts from vendors based on their collective buying power.
  • Health Maintenance Organization
  • A type of managed care organization that provides a form of healthcare coverage that is fulfilled through providers with which the HMO has a contract.
  • Point-Of-Sale
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Radio-Frequency Identification
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Wholesale Bypass
  • A trend within retail and manufacturing industries where producers supply goods directly to retailers, eliminating the need for independent wholesalers.
  • Why buy this report?

    The Medical Supplies Wholesaling in Florida industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Supplies Wholesaling in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Supplies Wholesaling in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Supplies Wholesaling in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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