Barron's: The 60 billion dollar man:
MAY 15, 2000
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The Sixty Billion Dollar Man
U.S spending on medical implants, including follow-up care, now exceeds $100 billion dollars a year, or about 1% of GDP. The diagram below details the most common of all implants, which, including parts and labor, add up to over $60 billion a year.
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1 - Cochlear Implant
Parts: $10,000
Labor: $20,000
Total Cost: $30,000
Procedures: 10,000
Annual Outlay: $300 M
Manufacturers: Cochlear; P1 Medical
2 - Hydrocephalus Shunt
Parts: $700
Labor: $9,300
Total Cost: $10,000
Procedures: 10,000
Annual Outlay: $100 M
Manufacturers: Radionics; Medtronic ; Johnson & Johnson
3 - Intraocular Lens
Parts: $250
Labor: $1,000
Total Cost: $1,250
Procedures: 10 M
Annual Outlay: $12.5 B
Manufacturer: Alcon
Laboratories; Bausch & Lomb
4 - Dental Implant
Parts: $250
Labor: $1,250 per tooth
Total Cost: $1,500
Procedures: 200,000
Annual Outlay: $300 M
Manufacturer: Nobel Biocare; Sulzer Medica
5 - Saline & Silicone
Breast Implants
Parts: $1,000
Labor: $4,000
Total Cost: $5,000
Procedures: 120,000
Annual Outlay: $600 M
Manufacturer: Mentor
6 - Hip Implant
Parts: $2,000-5,000
Labor: $30,000
Total Cost: $35,000
Procedures: 225,000
Annual Outlay: $7.9 B
Manufacturers: Zimmer; Sulzer Medica
7 - Vascular Graft
Parts: $200
Labor: $20,000
Total Cost: $20,000
Procedures: 100,000
Annual Outlay: $2 B
Principal Manufacturers: W.L. Gore; C.R. Bard; Boston Scientific
8 - Knee Implant
Parts: $1,500-4000
Labor: $32,000
Total Cost: $35,000
Procedures: 250,000
Annual Outlay: $8.75 B
Principal Manufacturers: Zimmer; Sulzer Medica
9 - Penile Implant
Parts: $2,000
Labor: $8,000
Total Cost: $10,000
Procedures: 10,000
Annual Outlay: $100 M
Principal Manufacturer: American Medical Systems
10 - Left Ventrical Assist Device
Parts: $50,000
Labor: $150,000
Total Cost: $200,000
Procedures: 2,000
Annual Outlay: $400 M
Manufacturer: Edwards Lifesciences
11 - Heart Valve
Parts: $2,000-6,000
Labor: $45,000
Total Cost: $50,000
Procedures: 100,000
Annual Outlay: $5 B
Manufacturers: St. Jude Medical; Medtronic s; Edwards Lifesciences
12 - Cardiovascular Stent
Parts: $2,000
Labor: $18,000
Total Cost: $20,000
Procedures: 1 M
Annual Outlay: $20 B
Manufacturers: Medtronic ;Johnson & Johnson; Guidant
13 - Pacemakers & Defribulators
Parts: $4,000-7,000
Labor: $20,000
Total Cost: $25,000
Procedures: 225,000
Annual Outlay: $5.6 B
Manufacturer: Medtronics
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