According to GlobalData, INSPIRE 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 INSPIRE increased in hospitals, health systems, and outside of hospital facilities in 2022. The price of the INSPIRE 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 Inspire Medical Systems 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.
Inspire Medical Systems overview
Inspire Medical Systems Inc (Inspire Medical) is a medical technology company THAT focuses on the development of solutions for patients with obstructive sleep apnea (OSA). iT offers a neurostimulation technology that provides moderate to severe OSA treatment. Its platform includes inspire therapy system, inspire physician programmer and inspire cloud, among others. Inspire Medical also develops solutions to monitor a patient’s breathing and deliver mild hypoglossal nerve stimulation to maintain an open airway. The company participates in various clinical trials of products in the related sector. It serves healthcare professionals across the Asia Pacific, Europe and North America. Inspire is headquartered in Golden Valley, Minnesota, the US.
For a complete picture of INSPIRE, Neuromodulation Devices pricing in the US, buy the report here.