October 21, 2016
HIDA Physician Office Market Pulse™
Announces Five Consecutive Quarters Of Expansion
Alexandria, Va. – U.S. medical product demand in the physician market continues to expand for the fifth consecutive quarter, according to the HIDA Market Pulse™ volume-weighted utilization index. Demand expanded moderately in Q3 2016 with a positive index of 29.9, an increase from Q2 2016. Medical product demand growth was driven by national increases in patient volumes and medical supply spending, while medical equipment spending remained flat.
“We are especially pleased to be launching HIDA’s Physician Office Market Pulse,” said Gina Smith, HIDA’s Director of Business Development. “This represents the third class of trade for which we can offer our members and subscribers near-real-time data on patient and provider utilization, to assist with business planning.” Smith noted HIDA’s Physician Office Market Pulse informs users by breaking down information not only by region, but also by size of provider office staff.
HIDA’s physician office index is derived from a quarterly real-time survey of more than 140 physician office managers, identifying crucial factors that affect demand. Positive index readings indicate slight, moderate, or extreme market expansion, while negative readings show contraction. For more information, visit www.HIDA.org/MarketPulse.
Jeff Girardi, 703-838-6110
The Health Industry Distributors Association (HIDA) is the premier trade association representing medical products distribution. HIDA members primarily serve the nation’s hospital, long term care, and physician/alternate care markets. For more information, visit www.HIDA.org.