New Healthcare Market Reports Released | GHX

New Healthcare Market Reports on Clinical Laboratory and Medical Surgical Segments Released by GHX Market Intelligence

Clin-Lab Grew 8.1 Percent and Med-Surg Grew Nearly 4.9 Percent over Results in Q3 2014
Louisville, CO - Thursday, December 10, 2015 -

Both the Medical Surgical (med-surg) and Clinical Laboratory (clin-lab) product segments in healthcare grew in the third quarter of this year based on new reports from Global Healthcare Exchange, LLC (GHX) and the company’s GHX Market Intelligence data. According to the company’s findings, clin-lab grew 8.1 percent and med-surg grew nearly 5 percent in Q3 2015 over results from the previous year’s Q3 results. Additionally, Q3 2015 dollar volume of the clin-lab segment totaled $1.87B, up 2 percent from $1.83B in the previous quarter. The dollar volume of the med-surg segment totaled $8.81B in Q3 2015 growing 2.8 percent from $8.57B in Q2 2015.

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 third quarter product results are good news for healthcare with solid growth across most product categories," said Tina Vatanka Murphy, senior vice president, Global Product and Corporate Development. "This market growth is consistent with recent reports from the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) on overall healthcare growth of 5.3 percent. What makes the GHX Market Intelligence solution so critical to healthcare manufacturers and distributors, is that it gives the industry one of the first indications of market trends, market share growth or contraction, and geographically relevant insights for med-surg and clin-lab product categories."

The complete Clinical Laboratory Segment and Medical Surgical Segment Q3 2015 reports are available at GHX Market Intelligence. Highlights from the third quarter 2015 GHX Market Intelligence reports include:

Clinical Laboratory Segment

Clinical Laboratory Volume (dollar volume by market segment):

  • Hospital was the second largest contributor at $597.5B or 32 percent of the total clin-lab volume
  • Home Healthcare is the largest contributor at $704.1M or 37.7 percent

Total Clinical Laboratory Market Quarterly:

  • Clin-lab market segments as a whole experienced a 2 percent current quarter over quarter increase, growing from $1.83B in Q2 2015 to $1.87B in Q3 2015
  • Alternate Site segments experienced quarter over quarter percent increase of 4.3 percent growing from $1.22B in Q2 2015 to $1.27B in Q3 2015
  • Physician segment was the largest dollar increase of $45M and representing 13.1 percent growth
  • Treatment Center experienced the largest percentage decrease of 17.5 percent

Medical Surgical Segment

Medical Surgical Volume (dollar volume by market segment):

  • The current quarter dollar volume of the med-surg segment totaled $8.81B in Q3 2015
  • Hospital continues to be the largest market at $5.78B or 65.6 percent of the total med-surg segment in the current quarter

Total Medical Surgical Market Quarterly

  • Med-surg market segments as a whole experienced a 2.8 percent current quarter over quarter increase, growing from $8.57B in Q2 2015 to $8.81B in Q3 2015
  • Hospital segment experienced quarter over quarter percent increase of 2 percent growing from $5.67B in Q2 2015 to $5.78B in Q3 2015
  • Alternate Site markets experienced quarter over quarter increases from Q2 2015 to Q3 2015
  • Within Alternate Site, Physician experienced the largest percent increase of 6 percent growing from $906M in Q2 2015 to $960M in Q3 2015

Report Methodology

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. 

About GHX

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.comand The Healthcare Hub.  

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