This statistic displays the average economic impact in the United States from four medical technologies in the period from 2008 to 2010. The United States GDP gained an average of 106.2 billion U.S. dollars during these years due to these four medical technology areas. The direct economic benefit of medical technology such as devices and diagnostics is simple to measure, however, including indirect costs such as reducing the length of hospital stays is more complex to find.
Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)*
Characteristic
Economic effect in billion U.S. dollars
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* Including medical technologies concerning diabetes, heart disease, musculoskeletal disease, and colorectal cancer.
Sum of treatment expenditures compared to non-users, screening of healthy population, and additional GDP contributions to those receiving treatment and their caregivers.
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Milken Institute. (July 23, 2014). Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/
Milken Institute. "Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)*." Chart. July 23, 2014. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/
Milken Institute. (2014). Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/
Milken Institute. "Economic Effect Due to Selected Medical Technology Areas in The U.S. from 2008 to 2010 (in Billion U.S. Dollars)*." Statista, Statista Inc., 23 Jul 2014, https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/
Milken Institute, Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)* Statista, https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/ (last visited July 22, 2024)
Economic effect due to selected medical technology areas in the U.S. from 2008 to 2010 (in billion U.S. dollars)* [Graph], Milken Institute, July 23, 2014. [Online]. Available: https://www.statista.com/statistics/319384/medical-technology-economic-impact-in-the-us/
