According to GlobalData, PAC KIT is one of 147 product lines sold in the US introducer sheaths market; these product lines are sold by 25 different manufacturers. The price of the PAC KIT 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 Shandong Weigao Group Medical Polymer 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.
Shandong Weigao Group Medical Polymer overview
Shandong Weigao Group Medical Polymer Company Ltd (Weigao) develops, manufactures and sells disposable medical devices. The company offers orthopaedic materials, blood management and interventional products. Its products include infusion sets, needles, blood bags, heart-eluting stents, and blood sampling products. The company’s trauma and spinal orthopaedic materials and tools include steel plates, screws, spinal series consumables; and artificial joint consumables. Weigao’s medical needle products include intravenous needles, syringe needles, intravenous catheter needles, blood sampling needles and irregular needles, among others. The company markets its products to healthcare organizations, hospitals, blood stations, medical units, and trading companies. Weigao is headquartered in Weihai, China.
For a complete picture of PAC KIT, Introducer Sheaths 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.
