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 Japan Medical Dynamic Marketing 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.
Japan Medical Dynamic Marketing overview
Japan Medical Dynamic Marketing Inc (JMDM) is a medical device company that develops, manufactures, imports and markets orthopedic products. The company’s products include trauma devices, joint prostheses, spinal fixation devices, and artificial bone fillers. It provides trauma devices such as nails, screws and plates. JMDM offers artificial bone filler for the treatment of bone fractures, tumors and other defects. The ’s trauma products include nails, screws, plates and other products surgically implanted in fracture areas. Its bioceramic bone paste is an artificial bone filler that is used for the treatment of tumors, bone fractures, and other defects. The company offers medical products to medical professionals and major hospitals throughout Japan. JMDM is headquartered in Tokyo, Japan.
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