Rising pulse: The industry continues to bounce back, as total health expenditure increases

The Medical Supplies Wholesaling industry in Illinois has been historically volatile. As operators have entered and left the state, industry revenue has fluctuated accordingly. The industry has also been affected by the performance and presence of medical supply manufacturers in Illinois, as wholesalers benefit from downstream healthcare providers not being able to purchase supplies from manufacturers in the state. Still, over the five years to 2017, the Medical Supplies Wholesaling industry in Illinois has mostly grown. However, due to significant cost cutting measures by downstream healthcare providers early in the five-year period, industry revenue plummeted in 2013...read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 12-17
-0.7%
Forecast Growth 17-22
Profit
Employment
15,026
Businesses
471
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Industry Threats & Opportunities

  • Industry revenue declined uncharacteristically due to downstream cost-cutting measures, but is expected to grow steadily in coming years
  • Revenue has been supported by growing demand for healthcare services
  • Revenue is expected to recover and surpass previous highs over the next five years
  • Industry Report - Industry Products Chapter

    Surgical, medical and hospital equipmentSurgical, medical and hospital equipment includes anesthesia apparatuses, arthroscopic instruments, cardiac and urological catheters, drug-eluting stents, forceps, hypodermic needles, heart valves, intravenous and blood administration equipment, surgical scalpels, surgical clamps and syringes. Specialty furniture is also included in this segment, as is electromedical equipment, such as cardiac defibrillators and pacemakers, electrocardiographs, electrosurgical instruments, hearing aids, medical imaging and therapeutic apparatuses (e.g. ultrasound and x-ray), medical lasers and patient monitoring systems. This product segment is expected to account for 78.6% of industry revenue in 2017. Sal...purchase to read more.

    Additional Insights for the Medical Supplies Wholesaling in Illinois Industry

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

  • Guaranteed supply of key inputs
  • Having an extensive distribution and collection network
  • Complementary services
  • IBISWorld analysts also discuss how external factors such as Total health expenditure in Illinois and Federal funding for Medicare and Medicaid in the Medical Supplies Wholesaling in Illinois industry impact industry performance..

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    What is the Medical Supplies Wholesaling in Illinois 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
  • Total health expenditure in Illinois
  • Federal funding for Medicare and Medicaid
  • Research and development expenditure
  • Number of adults aged 65 and older in Illinois

  • Current Performance
  • Healthcare reform
  • Steady demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Industry structure
  • Table: Medical Supplies Wholesaling in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Supplies Wholesaling in Illinois 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
  • Orthopedic and prosthetic appliances and supplies
  • Other equipment and supplies
  • Pharmaceutical supplies
  • Dental instruments and supplies
  • Chart: Medical Supplies Wholesaling in Illinois Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical Supplies Wholesaling in Illinois

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

  • Cardinal Health Inc.Henry Schein Inc.McKesson CorporationOwens & Minor Inc.Wholesale Point Inc.
  • Table: Cardinal Health Inc. - financial performance
  • Table: Henry Schein Inc. - financial performance
  • Table: McKesson Corporation - financial performance
  • Table: Owens & Minor Inc. - financial performance
  • Table: Wholesale Point Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Supplies Wholesaling in Illinois 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 Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total health expenditure in Illinois (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 Illinois Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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