According to GlobalData, INTERSPACE 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 INTERSPACE increased in hospitals, decreased in health systems, and increased outside of hospital facilities in 2022. The price of the INTERSPACE 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 Exactech 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.
Exactech Inc (Exactech) is a medical device company that offers orthopaedic implant devices and related surgical instruments. The company’s products comprise hip implants, shoulder implants, knee implants, extremity implants, and other products. It also provides biological services. Exactech‘s hip products comprise neck-preserving stem, tapered wedge stem, element stem, tapered and splined stems, and others. The company is also into hospitals, surgeons and other physicians and clinics. It operates in France, the UK, Taiwan, Germany, Japan, and others. Exactech is headquartered in Gainesville, Florida, the US.
For a complete picture of INTERSPACE, Hip Reconstruction pricing in the US, buy the report here.