Millennium Research Group reports that Price Competition and Increased Use of Reprocessed and Refurbished Devices to Limit Growth in Us Arthroscopy Market (December 12, 2011):
While procedure volumes will increase, there will also be a significant downward pressure on selling prices of arthroscopic devices. The mature and commoditized arthroscopy market has seen little technical innovation in recent years. As a result, products are relatively undifferentiated and competition is largely on price. Additionally, increasing rates of reprocessing of single-use devices and refurbishing of reusable devices will exert further downward pressure on selling prices.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.