Infiniti Research, a market intelligence solutions provider, outlined the medical reimbursement challenges medical device companies face.
Here are three insights:
1. If coverage under reimbursement for medical devices isn't certain, it becomes difficult to analyze the return on investment, limiting innovation.
2. Some medical device manufacturers are examining ways to reduce the medical reimbursement amount to prevent healthcare costs from increasing.
3. Medical device companies will have to move beyond products and devise business models to evolve in a value-driven healthcare ecosystem.