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Elizabeth M
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Really cool, but expensive
Elizabeth M   2/19/2014 6:37:46 AM
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I find it so interesting how small these type of components can actually get, but you're right that it's a bit pricey at the moment. Still, I think it would have some really valuable usages, especially for medical devices. The price surely will eventually come down, no?

Charles Murray
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Re: Really cool, but expensive
Charles Murray   2/19/2014 6:23:12 PM
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I'd be very surprised if this didn't come down in a significant way, Liz. It will never reach the level of conventional reed switches, but it's conceivable it could drop to less than a dollar.

TJ McDermott
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Re: Really cool, but expensive
TJ McDermott   2/19/2014 11:33:00 PM
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Elizabeth, sometimes the high cost is worth it.  Using the example Charles stated in the article, imagine your doctor told you you needed the ingestible endoscope procedure and your doctor posed two choices:

The regular ingestible endoscope at one price (and its horse-pill size), and a new one that is 20% more expensive but the size of a regular Tylenol capsule. 

The higher cost might very well be worth it when choking down a monster pill of an endoscope.

Elizabeth M
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Re: Really cool, but expensive
Elizabeth M   2/20/2014 4:42:57 AM
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A point well illustrated, TJ, and I think you're right here. Sometimes it is worth it to pay a little extra for convenience and, in this case, comfort and well-being, especially when health is concerned.

Elizabeth M
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Re: Really cool, but expensive
Elizabeth M   2/20/2014 4:44:34 AM
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That's a good thing, Chuck, even though both you and TJ point out that sometimes the cost is worth it. I know personally I will pay a little extra for something because I do believe you get what you pay for. Health is one place where skimping wouldn't be such a great option.

a2
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Re: Really cool, but expensive
a2   2/20/2014 5:44:50 AM
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@Elizabath: Indeed there are certain things which should consider as high priority than the cost. Health industry is one example for it. Quality plays a major role in these areas / industries and it should be focused in a much higher manner. So in such scenarios cost factor becomes secondary. 

tekochip
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Re: Really cool, but expensive
tekochip   2/20/2014 10:40:14 AM
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The Medical Device industry is an odd market place.  The volume for products is not really that high, and if you have a unique device you can pretty much charge what ever you want, and company's do (sorry patients).  
 
One of the strangest aspects to the industry is the reuse of disposable devices, like tubing sets.  It's not that big of an issue in large, industrial nations, but in smaller countries tubing sets for various procedures are sometimes reused.  Devices now try to track the tubing sets to make certain that they are not used more than once.  As the tubing sets become more expensive, because of the electronics to prevent reuse, you then start to see bootleg tubing sets of dubious quality.  Certainly worse than getting a bootleg Carolina Herrara bag.


Charles Murray
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Re: Really cool, but expensive
Charles Murray   2/20/2014 4:36:53 PM
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Right now, an ingestible enoscope is big -- a pill measuring 25 mm long and 10 mm in diameter. I'd have to be pretty sick to agree to swallow a pill that large. That's why, as TJ points out, there will be applications for this technology before the cost comes down.

Pubudu
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Re: Really cool, but expensive
Pubudu   2/20/2014 6:55:58 PM
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True Elizebeth its seems to be that the company is practicing marketskiming pricing at the introductory level. Anyway, when it comes to medical devices its still in the affordable level by the individuals.

a2
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Gold
Re: Really cool, but expensive
a2   2/20/2014 10:14:03 PM
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@Pubudu: I don't think its in the affordable level as such. Its more likely that they have to buy it since it's a must for their health  

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