Industry Analysis & Industry Trends
The Laboratory Supply Wholesaling industry closely follows the performance of professional, scientific and technical service industries. Over the five year to 2014, demand from these downstream industries contracted due to unfavourable economic conditions during the recession. However, government regulation across a wide range of industries has stimulated growth in downstream markets, improving demand in recent years. In the five years to 2019, the industry is expected to benefit from increasing research and development (R&D) expenditure, and growing demand from biotechnology and improved research and development budgets are forecast to boost revenue... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Laboratory Supply Wholesaling industry has a low level of market share concentration, with the top three players accounting for about 28.8% of industry revenue in 2014. Employment within the industry is concentrated at the lower end of the scale, with about 41.0% of operators employing one to four employees, and 97.1% employing fewer than 100 workers. Market share concentration varies among industry products, laboratory products have a higher level of market share concentration because many major players are vertically integrated and benefit from lower purchase costs.
Market share concentration has increased during this five years to 2014, as each of the top three operators acquire smaller companies to expand their market reach... purchase to read more