Medical Supplies Wholesaling in New York
The Medical Supplies Wholesaling industry in New York has grown steadily over the past five years. For this industry, growth has been faster in New York than in the rest of the country during this period. This growth has mainly been driven by heavy investment in medical device manufacturing. State programs like START-UP New York have driven growth in medical device and medical instrument and supply manufacturing industries in the state by providing tax incentives to new companies. With more manufacturing companies opening in New York, wholesalers have had better access to advanced medical products. The factors that have supported revenue growth over the past five years are projected to continue over the next five years. The elderly population in New York is expected to rise over the five years to 2022, while the number of people in New York with private health insurance is also anticipated to grow. As a result, over the five years to 2022, industry revenue is projected to rise.
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 and 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.
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