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Device Makers More Likely to Raise Prices than Lower Headcounts Due to Tax

Thu, 02/21/2013 - 2:41pm
Mass Device

More than 40% of medical device makers surveyed said they would raise prices to deal with some or all of the impact of the new 2.3% sales tax, compared with only 11% who said they would reduce their staff.

MassDevice.com coverage of the medical device tax

Medical device makers are considering a few alternatives to deal with the impact of the new 2.3% medical device sales tax, with far more planning increases in product prices than expecting workforce reductions, according to a recent survey.

More than 40% of medtech companies surveyed said they plan to pass along either part or all of the cost of the tax to their customers and more than 30% said they were working on ways to lower production costs without resorting to layoffs. The results may be marred, however, by the 31% of respondents who either checked "other" or said that they were unable to disclose their plans.

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