Grand scale: Biotechnology growth will offset slowed demand from pharmaceuticals

Over the five years to 2017, heightened consumer testing standards and rising demand from professional, scientific and technical service providers have provided for steady revenue growth for the Laboratory Supply Wholesaling industry. Additionally, rising health expenditures have helped drive demand for laboratory supplies and equipment. Over the five years to 2022, industry revenue growth is expected to accelerate, most likely spurred by increases in private expenditure for research and development, government funding for colleges and universities and continued growth in demand from professional, scientific and technical service providers...read more.

Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
33,391
Businesses
3,082
What Our Customers Say

Industry Threats & Opportunities

  • Falling input prices have led to cost savings for wholesalers, reducing purchase costs and widening the average industry profit margin
  • High demand from biotechnology has mitigated stagnating pharmaceutical demand
  • Many testing labs will increase their spending on supplies and equipment
  • Industry Report - Industry Locations Chapter

    The geographic spread for laboratory supply wholesaling is distributed along regional population centers. Thus, the majority of establishments are concentrated in the Southeast, Mid-Atlantic, West and Great Lakes regions, accounting for an estimated 76.0% of total industry establishments. This concentration resultant of the high correlation between population density and the number of scientific laboratories, industries, schools and laborers. Additionally, the Great Lakes region (14.2% of establishments) is a major manufacturing hub in the United States, with access to many railroad interchanges and canals for shipping, potentially providing wholesalers in the region with a competitive advantage.The Southeast region accounts for 25.6% of the population and 22.0% o...purchase to read more.

    Additional Insights for the Laboratory Supply Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Supply Wholesaling Industry are

  • Guaranteed supply of key inputs
  • Having an extensive distribution/collection network
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Demand from laboratory testing services in the Laboratory Supply Wholesaling industry impact industry performance..

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    What is the Laboratory Supply Wholesaling Industry?

    Industry operators engage in the wholesale distribution of laboratory, scientific and school equipment and supplies. This industry excludes wholesalers that predominantly sell medical, hospital, and dental equipment and supply distribution.

    Industry Products
  • School equipment and supplies
  • Laboratory equipment and supplies
  • Scientific equipment and supplies
  • Other professional equipment
  • Veterinarian's equipment and supply
  • Surgical, medical, and hospital supplies
  • Industry Activities
  • Analytical instruments (e.g. chromatographic, photometers and spectrographs) wholesaling
  • Architect, drafting, engineer, surveying, and veterinarian equipment and supplies wholesaling
  • Laboratory equipment, including balances and scales wholesaling
  • Professional instruments, equipment and supplies wholesaling
  • School equipment and supplies wholesaling
  • Scientific instruments and scientific laboratory equipment wholesaling
  • Veterinary equipment wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Demand from laboratory testing services
  • commerce sales
  • Government funding for universities

  • Current Performance
  • Regulation and standards
  • Pharmaceutical demand stagnates
  • Industry consolidation and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Test lab purchases
  • Benefits of consolidation
  • Pharmaceuticals and R&D
  • Table: Laboratory Supply Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laboratory Supply Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Architects
  • Building Inspectors
  • Geophysical Services
  • Surveying & Mapping Services
  • Laboratory Testing Services
  • Graphic Designers
  • Scientific Research & Development
  • Educational Services

  • Key Selling Industries
  • Household Furniture Manufacturing
  • Medical Device Manufacturing
  • Navigational Instrument Manufacturing

  • Products & Services
  • Laboratory equipment and supplies
  • Other professional equipment
  • Scientific equipment and supplies
  • School equipment and supplies
  • Veterinarian's equipment and supply
  • Surgical, medical, and hospital supplies
  • Chart: Laboratory Supply Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses for end use
  • Government facilities (excluding educational institutions)
  • Wholesalers for resale
  • Other
  • Retailers for resale
  • Chart: Major Market Segmentation for the Laboratory Supply Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor and depreciationOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Supply Wholesaling

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Supply Wholesaling Industry

  • Industry Globalization
    Thermo Fisher Scientific Inc.VWR Corporation
  • Table: Thermo Fisher Scientific Inc. - financial performance
  • Table: VWR Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Supply Wholesaling 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 Laboratory Supply Wholesaling Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Research and development expenditure in the US (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Mergers And Acquisitions (M&A)
  • The buying, selling and combining of companies.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • Why buy this report?

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

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