Medical Supplies Wholesaling in the US - Industry Market Research Report

Medical Supplies Wholesaling in the US - Industry Market Research Report

Medical Supplies Wholesaling in the US

Medical supply wholesalers are a critical link in the healthcare supply chain. This vital role in the supply chain was evidenced during COVID-19, as medical supply distributors delivered lifesaving medical supplies to healthcare organizations to fight the pandemic. Prior to this, rising healthcare utilization, driven by the expanding medical needs of an aging population and broader insurance coverage, supported robust demand for medical supplies. Deferred medical care during the pandemic has led demand for healthcare services to surge in a post-COVID environment, equating to higher demand for a breadth of medical supplies. Medical supply wholesalers' essential role in healthcare delivery has shielded the industry from fluctuations over the past five years, leading revenue to expand at a CAGR of 3.9% to $353.4 billion, including growth of 2.3% in 2023.

Medical supplies wholesalers purchase medical and surgical equipment, instruments and supplies; store these items at distribution centers; and deliver these products and related services to medical and dental practitioners, clinics and hospitals. The industry does not handle instruments and goods that are distributed to ophthalmologists, optometrists, veterinarians or opticians. This industry also does not include pharmaceutical sales.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."