Healthy outlook: Increased demand for healthcare will boost industry revenue

The past five years have yielded strong growth for the Medical Supplies Wholesaling industry in Ohio, as demand for industry products has grown throughout the region. Medical supply wholesalers distribute medical and surgical supplies and equipment to hospitals, physicians, clinics and other healthcare providers. In Ohio, demand for healthcare has been strong over the past five years, because both private and government insurance enrollment have grown in the state. Additionally, over the past five years, the number of adults aged 65 and older in Ohio has increased at an estimated annualized rate of 2.4%. Demand for healthcare increases with age, due to age-related conditions like diabetes and heart disease, so as this population has grown, so has demand for industry products...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
8,041
Businesses
457

Industry Threats & Opportunities

  • Demand for healthcare has been strong because private and government insurance enrollment have grown
  • Additional Insights for the Medical Supplies Wholesaling in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Supplies Wholesaling in Ohio 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 people with private health insurance in Ohio and Federal funding for Medicare and Medicaid in the Medical Supplies Wholesaling in Ohio industry impact industry performance..

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    What's in this report

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

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

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

  • Basis of Competition
    Barriers to Entry
    Cardinal Health Inc., Owens & Minor Inc., C&M Medical Supply, GEMCO Medical, McKesson Corporation,
  • Table: Cardinal Health Inc. - financial performance
  • Table: Owens & Minor Inc. - financial performance
  • Table: C&M Medical Supply - financial performance
  • Table: GEMCO Medical - financial performance
  • Table: McKesson Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Supplies Wholesaling in Ohio 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 Ohio 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 Ohio (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?

    IBISWorld’s Industry Market Report on Medical Supplies Wholesaling in Ohio is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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