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 - Starting a New Business Chapter
Barriers to entry into the Laboratory Supply Wholesaling industry are moderate. Investing in and building bigger efficient wholesaling facilities can discourage competitors from competing with incumbents. Minimum scale in the industry necessitates large capital outlays, and there are high costs associated with the construction and development of new warehousing and distribution facilities.
New entrants to this industry may have to pay more for stock, particularly given existing long-term supply contracts and relationships between existing suppliers and wholesalers. Backward integration of some major players in this industry enables them to reduce their unit costs. As such, new entrants may have to pay comparatively higher prices for products and transportation costs... purchase to read more