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 Analysis Chapter
The Laboratory Supply Wholesaling industry distributes equipment and supplies to laboratories, schools and other niche companies. While demand from downstream buyers has grown at a relatively steady rate, revenue dipped slightly in 2010, as downstream industries cut back on spending and education cuts reduced demand for industry products. However, demand has rebounded in following years and revenue is projected to grow at an average annual rate of 1.1% during the five years to 2014. Following its current growth trend, revenue is anticipated to grow 2.2% over 2014 to $2.6 billion during the year.
Over the five years to 2014, consolidation and wholesale bypass are expected to reduce the number of companies at an average annual rate of 1.2% to 302 companies... purchase to read more