I realize that there are huge costs for those companies that manufacture medical equipment in the first place, especially in R&D activities. However, what determines a different price between, for example, an MRI machine (that can cost $3 million) and a Mammography machine (around $50k)?
These prices come from a quick Google search and may, therefore, have to be contextualized.
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Applying for and receiving FDA approval costs a fortune, on top of what you already mentioned.
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