Industry Analysis & Industry Trends
The Laboratory Supply Wholesaling industry closely follows the performance of professional, scientific and technical service industries. Demand from these downstream industries rose strongly early in the five years to 2015, but waned in recent years. However, government regulation across a wide range of industries has stimulated growth in downstream markets as businesses invest more in laboratory testing to ensure product quality and regulatory compliance. In the five years to 2020, the industry is expected to benefit from increasing research and development expenditure, though some operators will fall victim to wholesale bypass... purchase to read more
Industry Report - Industry Analysis Chapter
The Laboratory Supply Wholesaling industry distributes equipment and supplies to laboratories, schools and other companies. Growing demand from downstream buyers has translated to industry growth over the past five years, with revenue expected to grow at an average annual rate of 2.2% over the period. Revenue is anticipated to grow 1.5% over 2015 to reach $5.8 billion.
Over the five years to 2015, consolidation and wholesale bypass are expected to reduce the number of industry operators at an average annual rate of 0.4% to 305 companies. Laboratory supply wholesalers are actively consolidating to improve their product lines and market reach. Furthermore, wholesale bypass has siphoned revenue from many school supply wholesalers and other companies that specialize in niche products... purchase to read more