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Group Purchasing Organizations in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Group Purchasing Organizations Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Feb 2015

Strength in numbers: Revenue will rise alongside corporate profit and downstream demand

IBISWorld’s Group Purchasing Organizations market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
MedAssets MedAssets market share
Novation Novation market share
Premier Premier market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
3.2%
Annual Growth 15-20
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Profit
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Employment
14,898
Businesses
825
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 2020, industry value added (IVA), the industry's contribution to the overall economy, is expected to increase at an average annual rate of 3.3%. 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Group Purchasing Organizations Industry?

This industry includes organizations that leverage the purchasing power of groups of businesses to obtain collective discounts from vendors.

Industry Products
Supply chain services administrative feesGroup member feesE-procurementData benchmarking
 
Industry Activities
Organizing group purchasing agreementsData benchmarkingPerformance analyzingSupply chain optimizing


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