Stitched up: Innovation and an aging population will continue to drive industry growth

Over the past five years, the Medical Supplies Wholesaling industry in Canada has benefited from downstream markets' robust demand for medical devices that feature new technologies. As rapid medical product innovation has occurred, more healthcare providers have purchased products from industry wholesalers to attract patients with the most up-to-date medical technologies. The substitution of new and more expensive products, rising prices for existing products and more per-patient use of medical supplies have contributed to industry growth. Over the five years to 2024, industry revenue is forecast to continue its growth. New product development among medical device manufacturers will continue to support industry growth by offering solutions to previously unresolved health issues...read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 14-19
6.2%
Forecast Growth 19-24
Profit
Employment
37,255
Businesses
1,246
Market Share of Companies

Industry Threats & Opportunities

  • An aging population and product innovation have kept industry demand steady
  • Consolidation trends have led to the creation of large and more sophisticated healthcare providers
  • As Canadians grow older, the rate of age-related diseases will likely increase
  • Industry Report - Industry SWOT Analysis Chapter

    The Medical Supplies Wholesaling industry in Canada is in the mature stage of its life cycle, characterized by slow growth rates, industry consolidation and market acceptance. However, the industry's contribution to the economy, measured by industry value added (IVA), is projected to grow at a quicker pace than forecast growth for gross domestic product (GDP) over the 10 years to 2024. IVA is expected to increase at an annualized rate of 3.7% over this 10-year period compared with the 1.7% estimated annualized growth for GDP during the 10-year period. Medical supplies wholesalers have been supported by demand for healthcare services driven by the growth in the senior population and advances in upstream manufacturing. Whi...purchase to read more.

    Additional Insights for the Medical Supplies Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Supplies Wholesaling Industry are

  • Strong supplier relationships
  • Ability to ship products to diverse locations
  • The ability to provide many different products and services
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Number of adults aged 65 and older in the Medical Supplies Wholesaling industry impact industry performance..

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    What's in this report

    What is the Medical Supplies Wholesaling Industry?

    This industry wholesales medical and surgical equipment from distribution centres. Customers include medical and dental practitioners, veterinarian facilities, clinics and hospitals.

    Industry Products
  • Consumables
  • Diagnostic apparatuses
  • Patient aids
  • Orthopedic products
  • Dental products
  • Other medical equipment
  • Industry Activities
  • Medical and surgical supplies wholesaling
  • Medical and surgical equipment wholesaling
  • Dental supplies and equipment wholesaling
  • Prosthetics wholesaling
  • Veterinarian supplies and equipment wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Number of adults aged 65 and older
  • Research and development expenditure
  • Corporate profit
  • World price of crude oil

  • Current Performance
  • Cost containment
  • Rising consolidation
  • New technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Population ages
  • Innovation drives growth
  • Pricing pressure
  • Table: Medical Supplies Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Supplies Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors in Canada
  • Specialist Doctors in Canada
  • Dentists in Canada
  • Home Care Providers in Canada
  • Hospitals in Canada

  • Key Selling Industries
  • Medical Device Manufacturing in Canada
  • Medical Instrument & Supply Manufacturing in Canada

  • Products & Services
  • Other medical equipment
  • Diagnostic apparatuses
  • Consumables
  • Patient aids
  • Orthopedic products
  • Dental products
  • Chart: Medical Supplies Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Physician care
  • Other institutions
  • Dental care
  • Other health professionals
  • Vision care
  • Chart: Major Market Segmentation for the Medical Supplies Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical Supplies Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Supplies Wholesaling Industry

  • Industry Globalization
    Cardinal Health Canada,
  • Table: Cardinal Health Canada - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Supplies Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Supplies Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Total health expenditure (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Automation
  • Control of equipment with advanced technology, which usually involves electronic hardware and can sometimes replace human workers.
  • Electronic Data Interchange (Edi)
  • The transmission of electronic documents between businesses from one computer system to another.
  • Group Purchasing Organization (Gpo)
  • A group of businesses that form to leverage their purchasing power and gain discounts from vendors based on their collective buying power.
  • Inventory Management
  • The management of the inflow and outflow of inventory, keeping it stable and sufficient to meet demand.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Wholesale Bypass
  • The process where downstream customers skip the wholesaler and directly purchase products from manufacturers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Medical Supplies Wholesaling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Supplies Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Supplies Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Supplies Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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