CHICAGO, April 18 GHX today announced the winners of thefifth annual Best In Class Awards, recognizing 29 medical-surgicalmanufacturers that have achieved significant market share positions fordistributed products through the end of 2007. Awards were presented tocompanies that achieved the highest year-over-year market share growth in 35different product categories and those that achieved the top share position infive specific markets. The awards were presented on Friday, April 18, 2008during a recognition ceremony in Chicago at the 8th Annual GHX Supply ChainSummit, the largest forum in the U.S. focused on both the buy and sell side ofthe healthcare supply chain.
Best In Class winners were determined using GHX Market Intelligencereports that analyze national distributed sales transaction data provided by23 U.S. distributors. While manufacturers are not required to be GHX customersin order to qualify for or win the Best In Class awards, many of this year'saward winners leverage GHX Market Intelligence to gain market share.
"The struggling U.S. economy, increased foreign competition and decreasedprovider resources have converged to make this an extremely challengingenvironment for medical-surgical manufacturers," said Ed McCauley, generalmanager, GHX Business Intelligence. "This year's Best In Class Awardsrecognize manufacturers that have achieved substantial growth despite thesechallenges by employing business critical information to uncover emergingmarket trends and capitalize on new opportunities."
The 2008 GHX Best In Class market segment award winners were selectedbased on the highest sales volumes for 2007. They are as follows:
The 2008 GHX Best In Class product category award winners were selectedbased on the highest year-over-year market share growth through the end of2007.
"We'd like to thank GHX for recognizing Sage Products for our 2007 marketshare gains in the Patient Care Products major class," said Juliann Salinas,marketing analyst, Sage Products, Inc. "2007 was an exciting year for SageProducts as we saw tremendous market share growth across all of our productlines. Enhanced awareness of hospital-acquired infections and ourextraordinary patient care outcomes have increased the demand for Sage'ssimple, low cost interventions. In 2008, we look to expand and enhance ourInterventional Patient Hygiene product offerings to meet the evolving needs ofour customers, and we look forward to continuing to utilize GHX's valuablemarket intelligence to help identify and leverage our market achievements andopportunities."
GHX Market Intelligence tracks and reports on over $30 billion ofdistributed sales for medical-surgical and clinical laboratory supplies anddevices. It is the only comprehensive source for accurate, detailed and timelyacute and alternate site market data, with geographically relevant andcompetitive market share, size and average selling price reporting down to thethree-digit zip code level.
Healthcare suppliers use GHX Market Intelligence data and reports to gaugemarket size and share, guide product development, capitalize on newopportunities, and stay one step ahead of the competition. Nine of the top 10manufacturers utilizing distribution as a sales channel call upon GHX MarketIntelligence to stay ahead of the competition.
GHX enables healthcare providers and suppliers in North America and Europeto reduce costs and improve margins by automating processes, reducingoperating expenses and increasing knowledge-based decision making. Productsand services include trading partner connectivity, order and contractmanagement and validation, data synchronization, sales force automation andbusiness intelligence. Equity owners of GHX are Abbott Exchange, Inc.;AmerisourceBergen Corp.; Baxter Healthcare Corp.; B Braun Medical Inc.;Becton, Dickinson & Co.; Boston Scientific C