Continuous Cost Pressures Affecting Medical Technology Manufacturing

More than two years of managing the global COVID-19 pandemic, and now the terrible war in Ukraine, have taken a significant toll on global market dynamics and the costs of manufacturing. The medical technology industry currently faces significant cost pressures.

This situation is particularly concerning, as medical technology manufacturers operate within complex and rigid systems of pricing, reimbursement, and procurement with national health authorities, hospitals, clinics, and laboratories. Payment systems vary from country to country, yet they pose a common challenge of providing little to no room for inflation adjustments.

While cost mitigation measures are being deployed by the medical technology industry, the situation is reaching a critical stage where, if left unchecked, it could inevitably have consequences on the manufacturing, and thus on the supply of medical technology products and services to healthcare systems and patients.

Learn more on the document below.