According to GlobalData, QUANTUM is one of 41 product lines sold in the US extracorporeal membrane oxygenation (ecmo) devices market; these product lines are sold by 10 different manufacturers. The price of the QUANTUM 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 Spectrum Medical 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.
Spectrum Medical overview
Spectrum Medical Ltd (Spectrum Medical), formerly Bcomp 305 Ltd, is a medical devices company that develops perfusion systems for extracorporeal therapies and clinical information systems for healthcare. The company products for intensive care units and patient transport include the toronto perfusion system, the charlotte perfusion system, the quantum workstation, quantum ventilation, mounting solutions, centrifugal pump drive system, perfusion roller pump, dual chamber oxygenator, centrifugal pump and heat exchanger. It also offers quantum informatics software solutions such as patient safety systems, critical care scoring, and custom dashboards for the intensive care units and operating rooms. Spectrum Medical provides in-service customer support services such as software updates, on-site customer support, extended warranty, remote real-time support, emergency loan equipment, education and training, installation, and maintenance services. The company operates with additional offices in the US and Italy. It is a subsidiary of Spectrum Medical Group Ltd. Spectrum Medical is headquartered in Gloucester, England, the UK.
For a complete picture of QUANTUM, Extracorporeal Membrane Oxygenation (ECMO) Devices 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.
