OPTOWIRE, pressure guidewires: price change in recent years – Medical Device Network

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 Opsens 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.

Opsens Inc (Opsens), formerly DCB Capital Inc, is a provider of fiber optic sensing technology solutions. It focuses on fractional flow reverse guidewire in interventional cardiology. The company offers OptoWire, an optical-based pressure guidewire, which enhances the clinical outcome of patients with coronary artery disease. Opsens also offers solutions for critical applications, includes the monitoring of oil wells and other industrial applications, fiber optic sensors and signal conditioners for controlling temperature, pressure, and strain and deformation measurement. The companys products are used in medical applications includes cardiovascular disease treatment and peripheral and coronary interventions. It serves medical, energy, industrial, life sciences, energy, defense and aerospace, geotechnical, civil engineering, and scientific laboratory, among other markets. Opsens is headquartered in Quebec City, Quebec, Canada.

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GlobalDatas 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 researchKOL and industry contact interviewsand secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.

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OPTOWIRE, pressure guidewires: price change in recent years - Medical Device Network