Group Purchasing Organizations
The Group Purchasing Organizations (GPOs) industry is composed of entities that leverage the purchasing power of groups of businesses to obtain collective discounts from vendors. GPOs earn most of their revenue by charging an administrative fee to vendors. The fee is generally less than 3.0% of the price of the item purchased through the GPO. During the past five years, demand for GPO services has increased as the improving economy stimulated demand for a variety of downstream industries, including the manufacturing and food service sectors. Additionally, the healthcare reform of 2010 has expanded in the healthcare sector. This growth has kept purchase levels high for healthcare providers, which has increased demand for GPO services. Over the five years to 2017, industry revenue is expected to grow. Over the next five years, growth will continue as corporate profit resumes its upward trajectory.
This industry includes organizations that leverage the purchasing power of groups of businesses to obtain collective discounts from vendors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook