According to GlobalData, CONCIERGE is one of 67 product lines sold in the US cardiac catheters market; these product lines are sold by 17 different manufacturers. The average selling price for CONCIERGE increased in hospitals, decreased in health systems, and remained unchanged outside of hospital facilities in 2022. The price of the CONCIERGE 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 Merit Medical Systems 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.
Merit Medical Systems overview
Merit Medical Systems Inc (Merit Medical) is a medical devices company offering a range of single-use medical products for interventional and diagnostic procedures. The company’s products include inflation devices and accessories, diagnostic and therapeutic catheters, diagnostic and hydrophilic products, thrombolytic catheters and fluid dispensing systems, and embolotherapy products. Merit Medical’s products find applications in various diagnostic and interventional cardiology fields including radiology, cardiology and endoscopy and other clinical areas such as thoracic surgery, interventional nephrology, vascular surgery, oncology, and pain management. It markets its products through direct sales force in the US and Western Europe, and China; and through independent dealer organizations and network of OEM partners in the Americas, Europe, Africa, the Middle East, Asia and Oceania. Merit Medical is headquartered in South Jordan, Utah, the US.
For a complete picture of CONCIERGE, Cardiac Catheters 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.
