Understanding the market for implantable medical devices

Understanding the market for implantable medical devices

Collection:
Health Policy and Services Research
Series Title(s):
Insight on the issues (AARP Public Policy Institute)
Author(s):
Lind, Keith D., author
Contributor(s):
AARP (Organization), issuing body.
Public Policy Institute (AARP (Organization)), issuing body.
Publication:
Washington, DC : AARP Public Policy Institute, August 2017
Language(s):
English
Format:
Text
Subject(s):
Health Care Sector
Prostheses and Implants -- economics
Purchasing, Hospital -- economics
United States
Genre(s):
Technical Report
Abstract:
The market for implantable devices, such as hip replacements and heart valves, is an important and growing part of the health care industry. This Insight on the Issues delves into the market for implantable devices; financial incentives faced by manufacturers, hospitals, physicians, and payers; the impact of the current market structure on competition; and the lack of price transparency. Finally, without endorsing them, this paper discusses the strengths and weaknesses of a range of policy options that could increase price transparency and strengthen competition in the marketplace for implantable devices. A second Insight on the Issues explores the FDA's process for approval and oversight of these devices and policy options that could both strengthen and streamline the process to better protect public health and safety while also encouraging the development and marketing of devices that will benefit patients.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. (More information)
Extent:
1 online resource (1 PDF file (15 pages)).
NLM Unique ID:
101747787 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101747787