Global Healthcare Exchange, LLC (GHX) released fourth quarter 2015 data on distributed sales in both Medical Surgical (med-surg) and Clinical Laboratory (clin-lab) product segments in healthcare. The new GHX Market Intelligence “By the Numbers” quarterly report reported that the med-surg segment grew 4.4 percent in 2015 to $34.8B in volume and 4.7 percent growth to $9.1B in the fourth quarter compared to fourth quarter 2014 ($8.7B). Clin-lab decreased 1 percent to $1.92B in the fourth quarter compared to results in fourth quarter 2014 ($1.94B), but overall experienced 7.0 percent growth in 2015 to $7.5B in volume.
The newly released GHX Market Intelligence quarterly market reports are based on data from the top 20 U.S. healthcare distributors, representing 75 percent of all distributed healthcare sales in the United States. This represents $40B+ invoice dollars and 100M invoice lines of distributed sales for medical surgical and clinical laboratory products and supplies annually.
The complete fourth quarter 2015 Clinical Laboratory Segment and Medical Surgical Segment reports are available at GHX Market Intelligence. Highlights from the reports include:
Medical Surgical Segment
Medical Surgical Volume: (dollar volume by market segment)
Total Medical Surgical Market Quarterly:
Clinical Laboratory Segment
Market Segment Leaders: (dollar volume by market segment)
Total Clinical Laboratory Market Quarterly:
GHX Market Intelligence methodology and processes have been in existence for nearly 20 years, being refined and optimized to be the most accurate and complete source for market size and market share reporting for Clinical-Laboratory and Medical-Surgical. Each month, GHX receives data from the top 20 U.S. Healthcare distributors. The distributed sales information then goes through a rigorous process where the data is standardized, normalized and classified, using GHX proprietary algorithms, nomenclature and credentialed professionals.
Global Healthcare Exchange, LLC (GHX) drives costs out of healthcare with cloud-based supply chain management technology and services in order to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. For more information, visit www.ghx.com and The Healthcare Hub.