Global Healthcare Exchange, LLC (GHX) released second quarter data and trends for 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 research revealed that the med-surg segment grew 6.3percent in the second quarter to $9.1B in volume and 2.3 percent growth compared to second quarter 2015 ($8.6B). Clin-lab decreased 5.1 percent to $1.9B in the second quarter compared to results in second quarter 2015 ($1.8B).
The newly released GHX Market Intelligence quarterly research is 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 med-surg and clin-lab products and supplies annually.
“GHX Market Intelligence data confirms that the healthcare market continues to grow,” said Paul Frank, manager, Product Management Business Intelligence, GHX. “What our most recent data shows is that healthcare providers continue to respond to rapidly changing market conditions and financial pressures, especially in regard to growth in Alternate Site markets within med-surg. In Q2, Alternate Site showed a solid year over year growth of 6 percent in med-surg and 7 percent in clin-lab segments.”
The complete second quarter 2016 Clinical Laboratory Segment and Medical-Surgical Segment reports are available at GHX Market Intelligence. Highlights from the Q2 reports include:
Q2 2016 By the Numbers: Medical-Surgical Segment
Medical-Surgical Volume: (dollar volume by market segment)
Total Medical-Surgical Market Quarterly
Q2 2016 By the Numbers: 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, payment management, and other supply chain-related tools and services. For more information, visit www.ghx.com and The Healthcare Hub.