According to GlobalData, NEUROLAC TW is one of 18 product lines sold in the US peripheral nerve repair market; these product lines are sold by 7 different manufacturers. The price of the NEUROLAC TW 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 Polyganics 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.

Polyganics overview

Polyganics BV (Polyganics) is a medical technology company that develops, manufactures and commercializes bioresorbable medical devices which facilitate tissue repair and regeneration. The company provides a range of products for ear, nose and throat (ENT) procedures; peripheral nerve repair (PNR) and neurosurgery; and general surgery. Its proprietary polymer technology platforms allow the creation of bioresorbable synthetic polymers for different clinical applications that improve surgical outcomes such as hemostatic control, drug elution, tissue regeneration, and others. Polyganics works in collaboration with other medical technology companies and academic centers for in-licensing and co-development of bioresorbable devices. The company distributes its products across various geographical regions including China, Australia, India, France, Brazil, Argentina, Mexico, Malaysia, Vietnam, Germany and the US, among others. Polyganics is headquartered in Groningen, the Netherlands.

For a complete picture of NEUROLAC TW, Peripheral Nerve Repair 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.