US Healthcare and Medicine Tenders

The US healthcare and medicine market is a behemoth, gulping down over $4.3 trillion in 2021, almost 18.4% of its entire GDP.
This juggernaut is projected to grow at a steady pace, reaching a staggering $6.2 trillion by 2028.
This growth is fueled by an aging population, rising chronic diseases, and increasing adoption of advanced medical technologies.

The US government, through agencies like Medicare and Medicaid, is a major player, accounting for a whopping 35% of all healthcare spending.
This translates to over $1.5 trillion in annual procurement, making it a lucrative battleground for medical suppliers.

Pharmaceuticals reign supreme, with drugs and biologics topping the charts, followed by medical devices and equipment.
Mental health services, home healthcare, and digital health solutions are also witnessing a surge in demand.

The mighty Centers for Medicare & Medicaid Services (CMS) is the undisputed champion, overseeing a staggering $1.2 trillion in annual spending.
The Department of Veterans Affairs (VA) follows closely, with over $150 billion dedicated to veterans' healthcare.
Other key players include the Department of Defense (DoD) and the National Institutes of Health (NIH).

Familiar names like McKesson, Johnson & Johnson, and Medtronic consistently clinch major deals.
IT giants like Amazon and Microsoft are increasingly entering the fray, offering cloud-based healthcare solutions.
Smaller, niche players specializing in areas like telemedicine and personalized medicine are also carving out their space.

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