Medical Supplies Wholesaling in Canada - Industry Market Research Report

Stitched up: An expected economic recovery from the coronavirus pandemic will likely aid industry profitability

The Medical Supplies Wholesaling industry in Canada has benefited from downstream markets' robust demand for medical devices that feature new technologies. Many hospitals and other healthcare providers have demanded medical products that feature microelectronics, such as implantable medical devices, spurring revenue growth. 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. However, the COVID-19 pandemic hindered 2020 performance. Still, revenue is expected to grow at a CAGR of 1.0% to $29.4 billion over the five years to 2023, with revenue increasing 2.9% in 2023 alone. The Medical Supplies Wholesaling industry in Canada wholesales medical and surgical equipment from distribution centres. Customers include medical and dental practitioners, veterinarian facilities, clinics and hospitals. 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.