Industry Analysis & Industry Trends
In the past five years, the Group Purchasing Organizations (GPOs) industry has expanded in the wake of growing demand from medical and healthcare services. The industry is forecast to continue growing during the next five years as downstream markets expand and take advantage of industry services. Additionally, manufacturing and food-related industries will continue to regain steam and promote growth for GPOs. However, the industry will face escalating challenges as hospitals and other businesses increase pricing pressures.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Group Purchasing Organization (GPO) industry is in the growth stage of its life cycle. In the 10 years to 2019, industry value added (IVA), the industry's contribution to the overall economy, is expected to increase at an average annual rate of 3.5%. During the same period, GDP is expected to increase an annualized 2.5%. Generally, IVA outpacing GDP growth is indicative of an industry being in the growth stage of its life cycle.
The industry has been increasing its service offerings during the past five years. As reimbursement and procurement systems become increasingly complex, more GPOs are providing revenue cycle management services, data benchmarking and other general consulting tools... purchase to read more