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 Key Buyers Chapter
The Laboratory Supply Wholesaling industry has a low level of market share concentration. 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 the past five years, as each of the top three operators acquire smaller companies to expand their market reach... purchase to read more