Employment
272,209
Total employees (Census CBP)
Wholesale Trade ·NAICS 423450
NAICS 423450 · IRS SOI 2023 · Census CBP
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers - Industry Benchmarks
$125,412/yr average annual pay, with 684 SBA loans on record for NAICS 423450.
- 4.1%
- Wholesale Trade sector margin
- 272K
- Workers employed
- $125,412/yr
- Avg payroll / employee
- $397M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 423450
California leads Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Wholesale Trade sector runs a 4.1% net margin.
- 4.1%
- Wholesale Trade sector margin (IRS SOI)
- 272K
- Workers employed (Census CBP)
- $125,412/yr
- Avg payroll / employee
- $397M
- SBA lending, FY20–26
Benchmarking Insights for Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
10,296 establishments employ 272,209 workers (26.4/location) at $125,412/yr average annual pay. California leads employment, followed by Texas and Florida.
Avg Payroll / Employee
$125,412/yr
Annual compensation
Establishments
10,296
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 7,616; establishment count decreased by 303. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $34.1B
- Avg Employees per Establishment
- 26.4
Top States by Employment
| State | Employment |
|---|---|
| California | 46,990 |
| Texas | 18,530 |
| Florida | 17,641 |
| Massachusetts | 16,514 |
| Pennsylvania | 14,569 |
| New Jersey | 14,537 |
| Illinois | 14,398 |
| Georgia | 12,583 |
| New York | 10,301 |
| Ohio | 8,449 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
684
Total Loan Volume
$397M
Avg Loan Size
$581K
Jobs Supported
5,001
Program Breakdown
7(a) 642 (94%)
504 42 (6%)
Top SBA Lender
TD Bank, National Association
40 loans in this industry
New Business Share
21.6% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 88
2021 84
2022 89
2023 114
2024 165
2025 129
2026 15
Frequently Asked Questions
How profitable is Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 423450 level. California leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers?
10,296 business establishments. Together they employ 272,209 workers.
What is the average payroll per employee in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers?
$125,412/yr average annual pay per employee. Businesses average 26.4 employees per establishment.
Which states have the most Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers employment?
California leads with 46,990 workers. Texas (18,530) and Florida (17,641) round out the top three.
How much SBA lending does Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers receive?
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers businesses received 684 SBA loans totaling $397 million between FY2020 and FY2026. The average loan size was $581K. These loans supported 5,001 jobs at origination. Most lending (94%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 89% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- No margin data, check the parent industry. Browse Wholesale Trade
- 10,296 establishments, 272,209 workers. Payroll benchmarks
- 684 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 423450 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.