Professional and Scientific Goods Wholesaling in New Zealand - Market Research Report (2014-2029)

Down to a science: Greater health expenditure has boosted industry demand and revenue

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.

The Professional and Scientific Goods Wholesaling industry's performance has been strong over the past five years. An increasing population aged 50 and over has contributed to greater expenditure on health services, with the COVID-19 pandemic also driving industry growth. Industry revenue is expected to rise at an annualised 6.6% over the five years through 2022-23, to reach $3.1 billion. Greater demand for medical equipment in response to the COVID-19 pandemic, and from scientific research services are expected to support revenue growth of 9.8% in the current year, following strong growth in 2021-22.

Industry operators are primarily engaged in scientific, medical or other professional equipment wholesaling. Firms in the industry also wholesale aeronautical, dental, mathematical, navigation and optical equipment. Photographic equipment wholesaling is excluded from industry activities.