According to GlobalData, FREEDOM is one of 128 product lines sold in the US neuromodulation devices market; these product lines are sold by 17 different manufacturers. The average selling price for FREEDOM decreased in hospitals, increased in health systems, and decreased outside of hospital facilities in 2022. The price of the FREEDOM 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 Stimwave 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.
Stimwave Technologies Inc (Stimwave), formerly Neural Micro Inc, is a medical devices company that develops, manufactures, commercializes and markets wireless microsize injectable medical devices. The company’s products include micro-stimulators, wearable technology devices, and programmers. Stimwave offers Freedom System for Spinal Cord, Dorsal Root Ganglion, and Peripheral Nerve Stimulation. Its Stimulator System provides a non-surgical therapy option for chronic pain through a single device. The company’s system utilizes wireless and microsize neurostimulators which leverages patented advancements in micro technology. Stimwave is headquartered in Pompano Beach, Florida, the US.
For a complete picture of FREEDOM, Neuromodulation Devices pricing in the US, buy the report here.