CMS Reimbursement changes raging like a beast to belabor several HA market players
For Q322, the true impact of CMS reimbursement changes was blatantly apparent, with the US Joint Fluid Replacement Market showing an overall lackluster revenue performance, with a YoY decline of -4.7% vs Q321, according to SmartTRAK Financial Dashboard. As if the new CMS regulations were not enough, the swing toward negative growth was also driven by hyaluronic (HA) companies battling for product placement, preferred formulary status with private payers, overall inflation, and still to a certain degree, supply chain-related issues stemming from COVID-19 and subsequent waves of the different variants. Aggregate revenue being in the red for the third quarter of 2022 was mainly the result of negative YoY growth across three of the four HA segments. Still, with an anticipated hard push to more positive year-end results, the US Joint Fluid Replacement Market is trending toward achieving on or ever so slightly above SmartTRAK’s US Joint Fluid Replacement Market Overview revenue projections
Among the many topics covered in detail in our comprehensive Q322 US Joint Fluid Replacement Market Recap* are:
- Complete Q322 US Joint Fluid Replacement Market Overview and Highlights
- SmartTRAK's Expert Analysis and Insights
- All Company News, Revenues, Data, Charts and Shares
- Headwinds and Increasing Competition
- CMS’ ASP Regulations Affecting Market Leaders
- Avanos Gains Market Share, Moves Ahead of Fidia
- New Pricing Dynamic Affects Number Four Player
- Uncertainty for Sanofi in the Joint Fluid Replacement Market
On the outlook for the rest of 2022, SmartTRAK anticipates seeing more reimbursement-related headwinds, along with tough competition, rising inflation rates, and ...
Read the entire Q322 Total Joints Market Recap, including SmartTRAK's expert analysis, news, data, charts, company revenues and shares*
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