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Medical Device Pricing: How to Price Your Medical Device
- https://info.idrmedical.com/blog/how-to-price-your-medical-device
- Defining an optimal price for a medical device is a key challenge for product managers. Purchasing decision-makers want the most desirable features at the lowest possible price, while you want to maximize profit and market share. Read on as …
Next-Generation Pricing Is Transforming Medtech
- https://www.bcg.com/publications/2018/next-generation-pricing-is-transforming-medtech
- The rapidly growing area of digital health cries out for innovative pricing models rather than simply …
Capturing the new ‘value’ segment in medical devices
- https://www.mckinsey.com/industries/life-sciences/our-insights/capturing-the-new-value-segment-in-medical-devices
- Prices for value products can be 20 to 40 percent lower than for premium products, so each model needs to be analyzed to establish how it reduces costs. Exhibit …
Optimizing Pricing Strategies for a Medical Device Product
- https://www.veranexsolutions.com/optimizing-pricing-strategies-for-medical-device-product-family/
- A leading global medical device manufacturer faced a pricing strategy challenge and partnered with Veranex to identify appropriate prices for a suite of …
Design to value in medical devices - McKinsey
- https://www.mckinsey.com/~/media/mckinsey/dotcom/client_service/Pharma%20and%20Medical%20Products/PMP%20NEW/PDFs/774172_Design_to_value_in_medical_devices1.ashx
- Design to value in medical devices Sastry Chilukuri, Michael Gordon, Chris Musso, Sanjay Ramaswamy As price pressures increase, medical device makers need to rethink …
Medical device business model: Payment …
- https://www2.deloitte.com/us/en/insights/industry/life-sciences/medical-device-business-model-payments.html
- Globally, governments, employers, and individuals are raising concerns about health care costs and challenging health care stakeholders to show value; global …
Medical device pricing strategy: Who pays for …
- https://www.medi-vantage.com/blog-and-events/medical-device-pricing-strategy-who-pays-for-innovation/
- Average cost to bring a 510(k) medical device to product launch is $31 M. Approximately 77% of that cost; estimated at $24 M is spent on regulatory and FDA …
Pricing in the Medical Device Industry
- https://www.pricingsolutions.com/pricing-blog/group-therapy-for-pricing-managers/
- 5 Ways Pricing Analytics Can Retain Customers and Increase Profits The Current State of Pricing – 2023 Recession Pricing a Digital MedTech Device for use in …
Medical Device - Pricing Solutions
- https://www.pricingsolutions.com/pricing-blog/portfolio-items/launch-innovative-medical-device-profitably-with-value-based-pricing-research/
- The Pricing Solutions team developed a comprehensive end-to-end solution using the following three-step approach: 1. Develop Value and Pricing Hypotheses To develop …
How do you set the right price for your new device?
- https://www.medicaldevicesgroup.net/medical-devices/medical-device-entry-price/
- Alexander Wilke, Director Market Access & Public Affairs for Ipsen Pharma GmbH, said: “We use the evidence-based value pricing approach to find the best price and market …
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