21st Century Medical - Five Forces Analysis

21st Century Medical - Five Forces Analysis

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Intensity of Existing Rivalry

Relatively few competitors (21st Century Medical) Few competitors mean fewer firms are competing for the same customers and resources, which is a...
Large well established competitors (21st Century Medical) Please edit this page to add a description…
Exit barriers are low (21st Century Medical) When exit barriers are low, weak firms are more likely to leave the market, which will increase the...

Bargaining Power of Suppliers

High competition among suppliers (21st Century Medical) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Low concentration of suppliers (21st Century Medical) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low...
Critical production inputs are similar (21st Century Medical) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...

Threat of Substitutes

Substitute product is inferior (21st Century Medical) An inferior product means a customer is less likely to switch from 21st Century Medical to another...
Substitute has lower performance (21st Century Medical) A lower performance product means a customer is less likely to switch from 21st Century Medical to...
Limited number of substitutes (21st Century Medical) A limited number of substitutes mean that customers cannot easily find other products or services...
Substantial product differentiation (21st Century Medical) When products and services are very different, customers are less likely to find comparable product...

Bargaining Power of Customers

Low buyer price sensitivity (21st Century Medical) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Low dependency on distributors (21st Century Medical) When produces have low dependence, distributors have less bargaining power. Low dependency...
Limited buyer choice (21st Century Medical) When customers have limited choices they end up paying more for the choices that are available....

Threat of New Competitors

Strong distribution network required (21st Century Medical) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (21st Century Medical) High capital requirements mean a company must spend a lot of money in order to compete in the...
Advanced technologies are required (21st Century Medical) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Geographic factors limit competition (21st Century Medical) If existing competitors have the best geographical locations, new competitors will have a...
High learning curve (21st Century Medical) When the learning curve is high, new competitors must spend time and money studying the market...

What is Porter's Five Forces Analysis?

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