May 4, 2016 | By: Medical Dealer Staff
In any health care setting, the number-one issue in supply chain management is cost. As hospital budgets tighten and reimbursement rates become more contingent on quality of care, decision-makers are searching for ways to meet the demands of improved outcomes as well as to maintain their bottom lines. As independent studies and FDA opinions have concurred, reprocessed single-use medical devices can provide a viable and cost-effective alternative to original equipment manufacturer (OEM) products in many cases, and often at a significant price break. Yet the U.S. mar- ket for disposable devices is a multi-billion-dollar industry driven by fierce R&D competition and product-line expansion, particularly in the drug delivery, surgical supply and home health care segments.