what is the average cost of a medical device?

Bringing a medical device to market is expensive. Although these costs are financed through the manufacturers, the final cost is borne by the healthcare system through the costs of medical devices.

what is the average cost of a medical device?

Bringing a medical device to market is expensive. Although these costs are financed through the manufacturers, the final cost is borne by the healthcare system through the costs of medical devices. Many medical device companies are forced to reduce the costs of their products to accommodate increasingly cost-conscious hospitals. Failures of medical devices, especially those permanently implanted, carry a considerable risk of serious harm.

The considerable annual costs of PAS, borne by the public through the costs of the medical devices themselves, may provide relatively modest information value to the medical community, the public and industry regulators. However, there is uncertainty about the value of the PAS in assessing the safety of medical devices and the cost of these studies to the healthcare system is unknown. The settlement was the largest Anti-Kickback Statute payment ever made in the US by a medical device manufacturer. However, the FDA has proposed new strategies aimed at improving the post-market safety assessment of medical devices.1,8 The marketing of medical devices is a multi-diligence test involving market size, technological risk, regulatory pathway, intellectual property and medical economics.

According to Makower and colleagues, patients are denied or delayed access to major medical devices that are first (or exclusively) marketed in other countries. Added to this is the difficulty medical device companies have in maintaining profitability in the current healthcare landscape. And for those studies that were not of the cardiovascular system (which was universally identified by participants as the most expensive medical device PAS to run).

Samantha Brookhouse
Samantha Brookhouse

Typical pop culture fan. Amateur bacon scholar. Subtly charming pop culture specialist. Social media junkie. Award-winning beer evangelist. Friendly travel maven.

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