|In recent years, several market pressures have caused a shift in market outlook for orthopedic biomaterial products.|
Growth in the U.S. orthopedic biomaterials market will continue, driven by increasing demand for orthopedic procedures, as well as the emergence of new products. The market will become more competitive, likely leading to significant pricing changes – mostly reductions. The lowered prices are expected to be offset by the massive growth potential in unit sales.
However, competition is not the only factor driving prices down. Many orthopedic biomaterial products are scrutinized by health insurance providers and are not eligible for reimbursement. Without reimbursement, treatments using these products become far too expensive for many patients, leading to pressure on manufacturers to lower prices even further.
|Austin Ngo and Jeff Wong, iData Research||MED DEVICE ONLINE, 20 Feb 2019|
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