According to GlobalData, PROSTALAC 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 PROSTALAC decreased in hospitals, increased in health systems, and increased outside of hospital facilities in 2022. The price of the PROSTALAC 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 DePuy Synthes 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.
DePuy Synthes overview
DePuy Synthes Inc (DePuy Synthes), a subsidiary of Johnson & Johnson, is a medical device company that provides products for orthopedic procedures. The company offers orthopedic products and services in the areas of trauma, joint reconstruction, spine, sports medicine, cranio-maxillofacial, power tools and biomaterials. Its major products include Attune revision knee system, which enable surgeons to manage primary and revision knee procedures. The company offers its products to physicians, hospitals, surgeons, and caregivers, among others. The company distributes products in domestic and international markets. DePuy Synthes is headquartered in Warsaw, Indiana, the US.
For a complete picture of PROSTALAC, Hip Reconstruction pricing in the US, buy the report here.