Laboratory Supply Wholesaling in the US - Industry Market Research Report
Description
Laboratory Supply Wholesaling in the US
Laboratory supply wholesaling revenue has grown at a CAGR of 1.0% over the past five years to $27.2 billion, including a marginal increase of 0.1% in 2023 alone. Downstream markets, including the Laboratory Testing Services industry and the Scientific Research and Development industry, have also grown, contributing to rising demand for laboratory equipment and supplies. But profit has declined to 4.8% of revenue. The economy has been highly volatile over the past five years, mostly because of COVID-19, which led to a reduction in the US GDP in 2020 and a strong expansion of the economy in 2021. The economy continued to grow moderately in 2022, but is experiencing uncertainty in 2023, mostly because of high interest rates.
Operators in the Laboratory Supply Wholesaling industry engage in the wholesale distribution of laboratory, scientific and school equipment and supplies. This industry excludes wholesalers that predominantly distribute medical, hospital and dental equipment and supplies.
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.
Laboratory supply wholesaling revenue has grown at a CAGR of 1.0% over the past five years to $27.2 billion, including a marginal increase of 0.1% in 2023 alone. Downstream markets, including the Laboratory Testing Services industry and the Scientific Research and Development industry, have also grown, contributing to rising demand for laboratory equipment and supplies. But profit has declined to 4.8% of revenue. The economy has been highly volatile over the past five years, mostly because of COVID-19, which led to a reduction in the US GDP in 2020 and a strong expansion of the economy in 2021. The economy continued to grow moderately in 2022, but is experiencing uncertainty in 2023, mostly because of high interest rates.
Operators in the Laboratory Supply Wholesaling industry engage in the wholesale distribution of laboratory, scientific and school equipment and supplies. This industry excludes wholesalers that predominantly distribute medical, hospital and dental equipment and supplies.
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.
Table of Contents
36 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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