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2024 U.S. Industry Statistics & Market Forecast - Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry include:- Rising demand for medical devices and supplies due to aging populations
- Technological advancements in medical and dental equipment
- Increased integration of IT and connectivity solutions in medical devices
- Shift towards home healthcare and remote patient monitoring
- Growing importance of supply chain management and logistics optimization
- Impact of global health crises on supply and demand fluctuations
- Pressure from healthcare providers for cost reductions and value-based pricing
- Expansion of private label offerings by wholesalers
- Regulatory changes affecting product approval and compliance requirements
- Consolidation and increased competition within the industry
- Sustainability and environmental concerns influencing product development and packaging
- Adoption of e-commerce and digital technologies for sales and distribution operations
- Increased focus on cybersecurity measures for connected medical devices
Product & Services Breakdown
Research products and services in the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Surgical, Medical, And Hospital Equipment And Supplies |
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Surgical, Medical, And Hospital Instruments And Equipment |
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Orthopedic And Prosthetic Appliances And Supplies |
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Surgical, Medical, And Hospital Supplies |
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Dental Equipment, Instruments, And Supplies |
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Dental Equipment, Including Chairs, X-Ray Machines, And Cabinets |
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Dental Instruments And Supplies |
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Miscellaneous Professional Equipment And Supplies |
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Laboratory Equipment And Supplies |
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Scientific Instruments |
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Veterinarians' Equipment And Supplies, Excluding Veterinarians' Medicines |
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Electronic Parts And Equipment, Excluding Communications Equipment |
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Safety Equipment |
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Office Paper, Office Supplies, Greeting Cards, And Labels |
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Pharmaceuticals, Pharmaceutical Supplies, Cosmetics, And Toiletries, Including Body And Hand Soaps |
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Plastics Materials And Basic Shapes |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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Parts Installed In Repair Work |
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Other Service Receipts And Labor Charges |
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Receipts For Service Contracts |
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Miscellaneous Commodities |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 11% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 9% | |||
| Business Operations Specialists | 8% | |||
| Computer and Mathematical Occupations | 12% | |||
| Computer Occupations | 12% | |||
| Sales and Related Occupations | 21% | |||
| Sales Representatives, Wholesale and Manufacturing | 17% | |||
| Sales Representatives, Wholesale and Manufacturing | 17% | |||
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 10% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 8% | |||
| Office and Administrative Support Occupations | 18% | |||
| Information and Record Clerks | 7% | |||
| Customer Service Representatives | 6% | |||
| Customer Service Representatives | 6% | |||
| Installation, Maintenance, and Repair Occupations | 9% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Transportation and Material Moving Occupations | 9% | |||
| Material Moving Workers | 6% | |||
| Laborers and Material Movers | 6% | |||
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry. |
Source:
Innovation News
- Jun 13, 2024: B-One Ortho patents Surface Gradient Cross-linking Method Of Ultra-high Molecular Weight Polyethylene And The Application Thereof
- Apr 25, 2024: SLD Technology patents Central Medical Suite System
- Apr 11, 2024: Aegis Spine patents Adjustable Spinal Plate
- Jan 30, 2024: Thorwear raises $3 million in funding.
- Jan 24, 2024: Health Net Connect trademarks "J&B VIRTUAL SOLUTIONS" - Computer hardware and software for measurement and capture of patient health information and data, for transmission and management of information, data, images, and sound, for digital and electronic storage and delivery of images, information and data, for digital and electronic communications, and for video conferencing; computers; tablet computers; cameras, microphones, and stands adapted for computers, printers and computer peripherals
- Jan 22, 2024: Relink Medical trademarks "UME GATEWAY" - Asset management services
- Jan 19, 2024: Globalmedia Group trademarks "WALK SMART" - Downloadable software in the nature of a mobile application for tracking and monitoring movement; Downloadable software in the nature of a mobile application for detecting falls; Downloadable software in the nature of a mobile application for detecting irregularities in gait; Downloadable software in the nature of a mobile application for alerting others of falls; Downloadable software in the nature of a mobile application for alerting others of irregularities in gait
- Oct 25, 2023: Renew Digital raises $11 million in funding.
- Mar 30, 2023: Aatru Medical raises $7 million in funding.
Recent Federal Contracts for Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- Apr 02, 2024: PREMIER MEDICAL DISTRIBUTORS, LLC (Myrtle Beach, SC) awarded $102,959
- Apr 02, 2024: CENTRAL ASSOCIATION FOR THE BLIND, INC. (Utica, NY) awarded $19,145
- Apr 02, 2024: GE HEALTHCARE IITS USA CORP. (Chicago, IL) awarded $24,389
- Apr 02, 2024: TRILLAMED LLC (Bingham Farms, MI) awarded $46,620
- Apr 02, 2024: CANON MEDICAL SYSTEMS USA, INC. (Tustin, CA) awarded $1,252,237
- Apr 02, 2024: DIAGNOSTIC GROUP LLC (Eden Prairie, MN) awarded $125,522
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