According to GlobalData, ALGOVITA is one of 128 product lines sold in the US neuromodulation devices market; these product lines are sold by 17 different manufacturers. The price of the ALGOVITA 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.
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 Nuvectra 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.
Nuvectra Corp (Nuvectra) is a medical technology company that develops and commercializes neurostimulation technology platform for the treatment of various disorders in neuroscience and clinical markets. The company offers Algovita spinal cord stimulation system used for the treatment of chronic pain of the trunk and limbs. It also provides microelectrode arrays, cardiac surface grids, custom designed probes, microdrives, and electrode instrumentation and accessories. Nuvectra serves hospitals, surgery centers, and medical facilities through a network of distributors in the US and Europe. The company operates its subsidiary in Michigan, the US. Nuvectra is headquartered in Plano, Texas, the US.
For a complete picture of ALGOVITA, Neuromodulation Devices pricing in the US, buy the report here.