According to GlobalData, BENCOX is one of 431 product lines sold in the US hip reconstruction market; these product lines are sold by 35 different manufacturers. The average selling price for BENCOX increased in hospitals, decreased in health systems, and increased outside of hospital facilities in 2022. The price of the BENCOX 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 Corentec 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.
Corentec overview
Corentec Co Ltd (Corentec) operates as a medical device company that develops and markets orthopedic implant solutions to surgeons and healthcare providers. The company offers spinal, hip, knee, shoulder and bone substitute products. Its hip products include acetabular systems, femoral stem cemented, and femoral system metal head. Corentec spinal fixation system provides strong fixation without complications and helps to prevent discomfortness in patients. The company offers replacement products of various ranges of motion. It markets its products through its distributors in the US, Brazil, Italy, India, China, Iran, Ukraine, Turkey and Philippines. Corentec is headquartered in Seoul, South Korea.
For a complete picture of BENCOX, Hip 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.
