According to GlobalData, MYNX is one of 56 product lines sold in the US arteriotomy closure devices market; these product lines are sold by 21 different manufacturers. The average selling price for MYNX increased in hospitals, health systems, and outside of hospital facilities in 2022. The price of the MYNX 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 Cardinal Health 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.
Cardinal Health overview
Cardinal Health Inc (Cardinal Health) is a provider of integrated healthcare products and services. It distributes branded and generic drugs, specialty medicines, over-the-counter healthcare and consumer products, medical equipment, surgical devices and laboratory products. It also operates nuclear pharmacies and cyclotron facilities and manufactures its own line of private branded medical and surgical products. Its expertise spans four areas: logistics, product, business and patient solutions. Its clientele includes retail customers such as chain and independent drug stores and pharmacies in supermarkets and mass merchandisers, hospitals, ambulatory care centers, physician offices, clinical laboratories and alternative care providers including mail order customers. The company also provides cost effective solutions with an effective supply chain. The company operates in the US, Canada, Europe, Australia, China and Japan. Cardinal Health is headquartered in Dublin, Ohio, the US.
For a complete picture of MYNX, Arteriotomy Closure Devices pricing in the US, buy the report here.