Inflation in Medical Devices – Thematic Intelligence
Powered by ![]()
All the vital news, analysis, and commentary curated by our industry experts.
Reasons to buy the ‘Inflation in Medical Devices’ thematic intelligence report:
- Understand the inflation theme and its impact on the healthcare industry.
- Predict the evolution of each theme on a country-wise basis.
- Identify the companies most likely to succeed in a world filled with disruptive threats.
- Discuss the impact of inflation on patient treatment.
How is our ‘Inflation in Medical Devices’ report unique from other reports in the market?
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.
- It has a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of inflation by understanding the primary ways in which this theme is impacting the healthcare industry.
- Stay up to date on the industry’s major players and their positions in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
We recommend this valuable source of information to anyone involved in:
- Medical Device Companies
- Health Tech Companies
- Tech Startups and Leaders
- Researchers and Academics
- Consulting Firms/Investing Firms
- Venture Capital/Equity Firms
To Get a Snapshot of the Inflation in Medical Devices Thematic Report
Inflation in Medical Devices Thematic Report Overview
Even though COVID-19 vaccines and testing allowed economies and societies to safely reopen, supply-demand imbalance, inflation, recession prospects, market volatility, and geopolitical tensions and conflicts inject instability into the economic recovery and growth prospects. According to GlobalData’s Inflation Impact on the Healthcare Industry Survey (H2 2023), inflation, geopolitical conflicts, and reimbursement constraints may have the greatest negative impact on the medical device industry in 2024. These will have a reciprocal impact on healthcare services as well.
The primary causes of inflation in the healthcare sector are rising costs in supply chains and drugs, labor expenses, and workforce shortages.
Causes of Inflation in Healthcare Sector
The inflation in medical devices thematic report provides an overview of the healthcare sector. It discusses the government policies, innovative technologies, and initiatives that will help combat inflation in the healthcare sector. This report combines information obtained from secondary sources and primary research with healthcare industry professionals, key opinion leaders (KOLs), and physicians from different therapy areas (internal medicine, family medicine, pediatrics, neurology, reproductive medicine, gynecology, endocrinology, diabetes, psychiatry, medical oncology, hematology, and rheumatology). The interviews and surveys with physicians and KOLs were conducted between June 2023–December 2023.
| Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Buy the Full Report for More Insights into the Inflation in Medical Devices Theme or Download a Free Report Sample
Inflation in the US, 5EU, and Japan
The most significant growth in healthcare spending was seen in the US in 2022. Additionally, the US is the only country from the 7MM that does not have universal health coverage.
The US: The Inflation Reduction Act focuses on prescription drug costs and keeps them affordable. This reduces the monthly spending of low-income Americans. However, this Act disregards OOP costs associated with medical procedures that could lead to delays in getting procedures.
The average selling price (ASP) in the US has increased in various markets such as structural heart occlusion, microwave ablation, and neuromodulation. The ASP of respiratory tests increased substantially during the COVID-19 and continues to be higher than Q4 2019 values. This is a result of increased test demand and new technologies introduced/popularized (multiparameter testing).
Buy the Full Report for More Regional Insights on the Inflation in Medical Devices Theme or Download a Free Report Sample
Inflation in Medical Devices – Impact on Patient Treatment
The US: During H2 2023, a significant percentage of HCPs in the US acknowledged a notable or marginal rise in patients halting or delaying treatments owing to escalating healthcare costs. This percentage is higher than the findings from H1 2023.
France: A generous reimbursement mechanism has led the French healthcare system to face huge cost pressures. The increased number of high-cost innovations and a sharp rise in the price of highly effective products are poised to stretch budgets to the limit in the future. It will lead to the potential requirement of new resources to fund medicines.
Buy the Full Report for More Impact on Patient Treatment Insights on the Inflation in Medical Devices Theme or Download a Free Report Sample
Table of Contents
Frequently asked questions
-
What are the primary causes of inflation in the healthcare system?
The primary causes of inflation in the healthcare sector are rising costs in supply chains and drugs, labor expenses, and workforce shortages.
-
Which country witnessed the most healthcare spending in the 7MM in 2022?
The US witnessed the most healthcare spending in the 7MM in 2022.
-
What led the French healthcare system to face huge cost pressures?
A generous reimbursement mechanism has led the French healthcare system to face huge cost pressures. The increased number of high-cost innovations and a sharp rise in the price of highly effective products will stretch budgets to the limit in the future.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
