According to GlobalData, ADVANCE is one of 251 product lines sold in the US knee reconstruction market; these product lines are sold by 33 different manufacturers. The average selling price for ADVANCE increased in hospitals, decreased in health systems, and decreased outside of hospital facilities in 2022. The price of the ADVANCE device can be viewed in GlobalData’s micro pricing report and can be retrieved according to purchase date, facility type, bed size, and geographical region. Buy the report here.

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The selling price or list price of a medical device is driven by numerous factors, such as therapy area and complexity of procedure, level of reimbursement, development costs, the number of competing manufacturers, product life cycle, and whether there have been any recent new technology or product launches.

In addition, the final selling pricing of medical devices is also impacted by the discounting policy of the manufacturer. Companies such as MicroPort Scientific apply discounts for their devices based on their internal business strategy, inventory control, and monthly or quarterly sales targets. In addition, sale location can also affect the final selling price of a device, both in terms of geographical region and facility type. Prices for the same medical device often vary in hospitals and health systems versus outside of hospital facilities, for example if high volume healthcare institutions can negotiate discounts or rebates based on large purchase sizes.

MicroPort Scientific overview

MicroPort Scientific Corp (MicroPort) is a manufactures and markets medical equipment. The company’s product includes cardiovascular, orthopedic, cardiac rhythm management, electrophysiology, endovascular, neurovascular devices and surgical robots. It offers diabetes and endocrinal management devices such as insulin and hypophyseal hormone infusion pumps. Microport also produces interventional technology solutions, rehabilitation tools and devices for reproductive health. The company’s products are used for patients suffering from coronary artery disease, joint replacement, abnormal heartbeat, stroke, severe aortic valve stenosis, aortic aneurysm, and arteriosclerosis. It has operations across Europe, Asia-Pacific, North and Latin America. MicroPort is headquartered in Shanghai, China.

For a complete picture of ADVANCE, Knee Reconstruction pricing in the US, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.