According to GlobalData, STATSEAL 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 STATSEAL decreased in hospitals, increased in health systems, and decreased outside of hospital facilities in 2022. The price of the STATSEAL 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 Biolife 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.

Biolife overview

Biolife LLC (Biolife) is a healthcare products provider that develops, manufactures and markets wound management products. The company offers occupational first aid, professional healthcare, consumer care, and sports professional products. Its products include woundseal powder, statseal, statseal advanced, woundseal md, woundseal rapid response, and woundseal pour pack. Biolife offers woundseal powder that forms an instant seal that stops the bleeding and seals the wound. The company’s products are used in dermatology and wound care, otolaryngology, dermatology, central line management, and podiatry applications. Biolife is headquartered in Sarasota, Florida, the US.

For a complete picture of STATSEAL, Arteriotomy Closure 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.