Medical & Economic Assessment of Medical Devices
Exponent has expertise in outcomes, economic, and clinical research for medical devices and other health-care interventions. We use modeling and simulation studies to evaluate the cost-effectiveness of health-care interventions, along with national/regional medical hospitalization and claims data to evaluate the associated epidemiology and outcomes.
We provide market research to identify demographic and geographic trends in historical and projected market demand for a broad spectrum of health-care interventions. This also includes technical analysis of the impact of disruptive technologies or modifications to existing materials and device designs on potential market trends. We help our clients evaluate the impact of pharmaceuticals, medical devices, biotechnology products, and diagnostics on treatment patterns, medical care resource utilization, and health-care costs.
Exponent assesses the changes in health outcomes resulting from new medical technologies, including fewer complications, reduced disease cases or symptoms, improved quality of life, and improved patient satisfaction. We use cost-effectiveness models to quantify changes in health outcomes relative to their costs and to the costs of alternative health-care interventions, allowing determination of the appropriate value for these new medical technologies.
We can examine costs from the payer (direct medical expenses), patient (lost wages, co-pays), hospital (operating room capacity, hospital length of stay), and societal (lost productivity) perspectives. We can provide a complete medical and economic assessment, incorporating data from clinical trials, published literature, and national surveys to help payers, physicians, hospital administrators, and industry understand the budgetary and medical impact of adopting specific technologies.