Positive prognosis: Greater public and private health spending has boosted demand for industry products

The Online Medical Supplies Sales industry has boomed over the five years to 2017. Demand for medical supplies has grown as a result of greater public and private health spending, continued innovation and new product introductions. Growth of e-commerce and the shift from brick-and-mortar stores to online retailers have also helped industry revenue surge. Consequently, industry revenue is expected to continue growing strongly over the five years to 2022. However, proposed changes in state tax laws over the next five years pose a threat to industry profitability...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
17.7%
Forecast Growth 17-22
Profit
Employment
8,949
Businesses
4,099
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Proposed changes in state tax laws could pose a threat to industry profitability
  • Rising obesity and the aging population have driven demand for medical supplies
  • Improvements in productivity and efficiency will drive the rise in profit
  • Industry Report - Industry SWOT Analysis Chapter

    In the 10 years to 2022, industry value added, which measures the Online Medical Supplies Sales industry’s contribution to the US economy, is expected to increase at an annualized rate of 10.3%. Meanwhile, US GDP is forecast to grow at an annualized rate of 2.0% over the same period. These rates indicate that the industry is in the growth phase of its life cycle because its growth rate outpaces GDP over a 10-year period. Rising industry participation and new forms of business also indicate a growing industry.Over the five years to 2017, the number of online medical supply retailers is expected to increase at an annualized rate of 6.6%, indicating an expanding industry. Thi...purchase to read more.

    Additional Insights for the Online Medical Supplies Sales Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Medical Supplies Sales Industry are

  • Ability to control stock on hand
  • Having a loyal customer base
  • Provision of superior after-sales service
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Number of physician visits in the Online Medical Supplies Sales industry impact industry performance..

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    What's in this report

    What is the Online Medical Supplies Sales Industry?

    This industry includes online retailers of medical supplies, which includes equipment and tools used in healthcare for diagnosis, therapy or surgery. Industry operators sell products such as topical treatments and dressings, antiseptics, bandages, cotton, first aid kits, syringes, ice bags, thermometers and heating pads. The industry does not include retailers of nutritional supplements, vitamins, personal care products, eyeglasses and contact lenses.

    Industry Products
  • Other medical supplies
  • Surgical instruments
  • Surgical and medical catheters
  • Surgical and medical diagnostic apparatus
  • Surgical and medical syringes and hypodermic needles
  • Surgical and medical blood transfusion and IV equipment
  • Dental equipment and supplies
  • Orthopedic and prosthetic appliances and supplies
  • Industry Activities
  • Retailing medical supplies
  • Marketing medical supplies
  • 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
  • Number of physician visits
  • Demand from home care providers
  • Number of adults aged 65 and older
  • Percentage of services conducted online

  • Current Performance
  • Industry structure
  • Meeting the population’s needs
  • The allure of the internet
  • Sales tax struggles and other threats
  • Chart: Revenue Growth

  • Industry Outlook
  • The ease of e-shopping supports growth
  • Americans need medical supplies
  • Operators look for clicks
  • Legislation threats
  • Table: Online Medical Supplies Sales Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Medical Supplies Sales Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Dentists
  • Chiropractors
  • Alternative Healthcare Providers
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Medical Supplies Wholesaling

  • Products & Services
  • Surgical instruments
  • Surgical and medical diagnostic apparatus
  • Surgical and medical catheters
  • Orthopedic and prosthetic appliances and supplies
  • Surgical and medical syringes and hypodermic needles
  • Surgical and medical blood transfusion and IV equipment
  • Dental equipment and supplies
  • Other medical supplies
  • Chart: Online Medical Supplies Sales Industry Products and Services Segmentation

  • Demand Determinants
  • Business demand
  • Patient demand

  • Major Markets
  • Hospitals
  • Physician's offices
  • Clinics
  • Veterinarians
  • Alternate care providers
  • Other
  • Dentists
  • Consumers
  • Chart: Major Market Segmentation for the Online Medical Supplies Sales Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Online Medical Supplies Sales

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Medical Supplies Sales Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Medical Supplies Sales 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 Online Medical Supplies Sales Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of services conducted online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick And Mortar
  • Stores that have a physical presence and location, as opposed to online retailers.
  • Broadband
  • Alternative to dial-up internet connection that allows users access to higher rates of data and greater bandwidth.
  • Dial-Up
  • Internet connection achieved through existing telephone lines.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Online Medical Supplies Sales 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 Online Medical Supplies Sales:
    • 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 Online Medical Supplies Sales 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 Online Medical Supplies Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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