Global Group Purchasing Organization Service Market 2024-2028
The group purchasing organization service market is forecasted to grow by USD 2058.7 mn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the group purchasing organization service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantage in cost savings and efficiency, increased negotiation power of gpos, and increase in globalization.
Technavio's group purchasing organization service market is segmented as below:
- By Type
- Vertical GPOs
- Horizontal GPOs
- Master purchasing organizations
- By End-user
- Healthcare
- Hospitality
- Food and beverages
- Industrial
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the digital transformation in gpo services as one of the prime reasons driving the group purchasing organization service market growth during the next few years. Also, growing mergers and strategic partnerships in gpo services and utilization of advanced data analytics in gpo services will lead to sizable demand in the market.
The report on the group purchasing organization service market covers the following areas:
- Group purchasing organization service market sizing
- Group purchasing organization service market forecast
- Group purchasing organization service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading group purchasing organization service market vendors that include Centerpoint Group LLC, Clarity Ventures Inc., CNECT Inc., Compass Group Plc, Corcentric Inc., CPG, DSSI, The Health Collaborative, HPS LLC, LBMC, McKesson Corp., OMNIA Partners, Pandion Optimization Alliance, Planergy, Premier Inc., Procure Analytics, The Health Collaborative, Treya Partners., UNA, and Vizient Inc.. Also, the group purchasing organization service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.