Industry Analysis & Industry Trends
In the past five years, the industry has expanded in the wake of growing demand from medical and manufacturing industries. Operators are expected to benefit further in the next five years from rising corporate profit and continued demand from major markets. GPOs will face escalating challenges, however, 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 mature stage of its life cycle. From 2008 to 2018, industry value added (IVA), the industry's contribution to GDP, is expected to increase at an average annual rate of 1.4%, compared with annualized growth of 2.1% for the entire economy over the same period. The decrease in employment during the past five years is a large contributing factor to this slow growth rate, as technology is replacing work traditionally done by administrative staff.
Consolidation in the industry is growing and the number of firms in the industry declined at an average annual rate of 0.6% to 827 firms in the five years to 2013... purchase to read more