According to GlobalData, TROY is one of 431 product lines sold in the US hip reconstruction market; these product lines are sold by 35 different manufacturers. The price of the TROY 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 Covision Medical Technologies 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.
Covision Medical Technologies overview
Covision Medical Technologies Ltd (Covision Orthopaedics), a subsidiary of Turkiye IS Bankasi AS, is a medical device company that manufactures and markets reconstructive joint and trauma devices. The company’s products include femoral stems, femoral heads, bi-polar cup and unipolar head systems, acetabular cup systems and cable and trochanteric grip systems, st. leger neo total knee system, 4g intramedullary nail system, unican cannulated screw system, titanium locking plate and screw system. It offers external fixators including circular fiksator frames, dynamic axial fixators, limb lengthning fixators, small dynamic axial fixators, pelvic fixators, limb reconstruction fixators and wrist fixators. The company also provides trauma products such as unilock variable angle locking plates, unican cannulated screws, and unitrack headless cannulated screws. Covision Orthopaedics is headquartered in London, England, the UK.
For a complete picture of TROY, Hip Reconstruction pricing in the US, buy the report here.