According to GlobalData, IHEALTH is one of 108 product lines sold in the US covid-19 tests market; these product lines are sold by 60 different manufacturers. The price of the IHEALTH 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 iHealth Labs 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.
iHealth Labs overview
iHealth Lab Inc (iHealth Lab) is a medical device company that manufactures and designs personal healthcare products. The company’s products include fitness devices, blood pressure monitors, mobile apps, glucometers and wireless scales. Its blood pressure monitors include wireless blood pressure monitor, blood pressure dock, and wireless blood pressure wrist monitor. iHealth Lab offers fitness devices including iHealth edge and wireless pulse oximeter. The company also provides mobile apps such as iHealth my vitals that tracks and manages key health vitals; and iHealth gluco-smart that helps to measure and record glucose levels using a portable glucose meter and bluetooth-enabled mobile device. It operates in the US and Japan. iHealth Lab is headquartered in Mountain View, California, the US.
For a complete picture of IHEALTH, COVID-19 Tests pricing in the US, buy the report here.