Stitch up: Industry demand will improve due to the state's widespread health coverage rates

The Medical Supplies Wholesaling industry distributes medical, surgical, dental and orthopedic equipment and supplies, connecting manufacturers of these products with hospitals, physicians and other healthcare providers that use them to treat consumers. Nationwide, the industry has been bolstered by increased demand for and access to healthcare, and the industry’s experience in Massachusetts has been no different. Massachusetts has particularly high rates of health insurance coverage, leading to strong performance in downstream medical markets and, in turn, rapid industry growth. Over the five years to 2018, IBISWorld expects that revenue for the Medical Supplies Wholesaling industry in Massachusetts will grow at an annualized rate of 6.3% to $10.1 billion, including growth of 5.2%...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
6.3%
Forecast Growth 18-23
Profit
Employment
12,235
Businesses
286

Industry Threats & Opportunities

  • Massachusetts has particularly high rates of health insurance coverage, leading to strong performance in downstream markets
  • Additional Insights for the Medical Supplies Wholesaling in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Supplies Wholesaling in Massachusetts 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 physician visits and Federal funding for Medicare and Medicaid in the Medical Supplies Wholesaling in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Medical Supplies Wholesaling in Massachusetts 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 instruments and equipment
  • Surgical, medical and hospital supplies
  • Dental equipment, instruments and supplies
  • Pharmaceuticals, cosmetics and toiletries
  • Orthopedic and prosthetic appliances 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 physician visits
  • Federal funding for Medicare and Medicaid
  • Research and development expenditure
  • Number of adults aged 65 and older in Massachusetts

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Supplies Wholesaling in Massachusetts 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 instruments and equipment
  • Surgical, medical and hospital supplies
  • Dental equipment, instruments and supplies
  • Orthopedic and prosthetic appliances and supplies
  • Other
  • Pharmaceuticals, cosmetics and toiletries
  • Chart: Medical Supplies Wholesaling in Massachusetts Industry Products and Services Segmentation

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

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

  • Basis of Competition
    Barriers to Entry
    Cardinal Health Inc., Henry Schein Inc., McKesson Corporation, Owens & Minor Inc.,
  • Table: Cardinal Health Inc. - 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 Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and older in Massachusetts (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    The Medical Supplies Wholesaling in Massachusetts 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.

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    This report on Medical Supplies Wholesaling in Massachusetts:
    • 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 Massachusetts 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 Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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