According to GlobalData, INSTANT-VIEW is one of 82 product lines sold in the US toxicology tests market; these product lines are sold by 31 different manufacturers. The price of the INSTANT-VIEW 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 Alfa Scientific Designs 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.
Alfa Scientific Designs overview
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Alfa Scientific Designs Inc (Alfa) is a medical device company that develops and manufactures rapid in-vitro diagnostic devices for point of care medical markets. The company offers rapid immunoassays for the detection of drugs of abuse, fertility hormones, infectious diseases, cardiac and cancer markers, and other diagnostic areas. Its products include single and multi-drug urine tests, immunochemical fecal occult blood test hCG rapid pregnancy test, LH ovulation urine tests, menopause urine test, urine cups and saliva DOA test kit, among others. The company offers manufacturing services including OEM services, contract product development, custom assembly and device assembly, technology transfer, and packing with client-specific labeling. It also provides development services such as contract product development, technology transfer; and technological offerings such as latex, lateral flow, and fluorescent methodologies. Alfa is headquartered in Poway, California, the US.
For a complete picture of INSTANT-VIEW, Toxicology Tests 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.
