LONDON--(BUSINESS WIRE)--As the healthcare industry becomes more cost-conscious, medical device manufacturers are looking for ways to reduce costs without compromising quality. Health economics is therefore a useful tool for organizations in this industry, enabling them to become more efficient and provide better results to patients.
In their recent blog titled ‘Understanding the Health Economics behind Medical Devices’, market intelligence firm Infiniti Research discusses the different ways organizations use health economics and how it can help them improve.
Infiniti observes that small organizations tend to use health economics to boost sales, while larger companies use it to determine how to obtain the best value both for themselves and for patients. Infiniti’s analysts state, “manufacturers are sure to benefit if health economics is put into play right at the initial stages of product development. This strategy helps companies to commercialize their products in a better manner and thereby disrupt the market to their advantage.”
Infiniti Research also lists some of the factors that health economics analytics examines in order to provide a clear picture for medical device companies. These factors include cost functionality, minimization, and effectiveness, allowing organizations to pinpoint areas that can be improved.
Health Economics from Infiniti Research
Infiniti’s healthcare market intelligence analysts help firms tackle key challenges and cater to changing demands to remain competitive. They recently completed two health economics projects to help leading organizations identify new opportunities in the healthcare industry:
Building a health economics database to leverage data sets
Immunization and Health Economics
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.