Industry Analysis & Industry Trends
The Medical and Orthopaedic Supplies Retailers industry is forecast to perform strongly over the five years through 2016-17. Its largest market, those aged 65 and over, is growing as the UK population ages. This means the industry's products are in greater demand because an older population is more likely to need products and services that help with mobility and hearing defects. The development of more technologically advanced products has also spurred demand. Over the five years through 2016-17, industry revenue is expected to increase at a compound annual rate of 4.7%. This includes a forecast rise of 2.8% in the current year, which is projected to bring total industry revenue to £913 million... purchase to read more
Industry Report - Industry Investment Chapter
The Medical and Orthopaedic Supplies Retailers industry has a low level of capital intensity, which is characteristic of the labour-intensive retailing sector. Labour costs are generally incurred through the need to hire knowledgeable and efficient staff members. For hearing aid retailers, qualified audiologists are often required to conduct tests for customers and to fit in hearing aids. For other retailers, staff members are required to have a reasonable knowledge of the products in order to effectively assist customers. Other employees are expected to stock the shop floors, carry out sales, and perform administrative duties that arise in line with the running of the business. Wages are estimated to account for 19.3% of revenue in 2016-17.
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