The thoracic surgical industrial complex

Albert Starr

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

The thoracic surgical industrial complex is an industry worth $2 billion per year and is shaped by six dominant forces, three positive and three negative. The three positive forces are technological innovation, entrepreneurial activity, and the flow of capital and the three opposing forces, government regulation, cost-containment, and the excessive costs of product liability insurance. We are now at a critical time in the evolution of this industry, with growth being enhanced in areas of lesser risk, namely, nonimplantable devices, at the expense of high-risk implantable devices. The future of the artificial heart hinges on the balance between the six forces, and this analysis examines the possibilities for timely development of this ultimate implantable device.

Original languageEnglish (US)
Pages (from-to)124-133
Number of pages10
JournalAnnals of Thoracic Surgery
Volume42
Issue number2
StatePublished - 1986

Fingerprint

Thorax
Equipment and Supplies
Industry
Liability Insurance
Government Regulation
Inventions
Artificial Heart
Cost Control
Economics
Costs and Cost Analysis
Growth

ASJC Scopus subject areas

  • Cardiology and Cardiovascular Medicine
  • Surgery

Cite this

The thoracic surgical industrial complex. / Starr, Albert.

In: Annals of Thoracic Surgery, Vol. 42, No. 2, 1986, p. 124-133.

Research output: Contribution to journalArticle

Starr, A 1986, 'The thoracic surgical industrial complex', Annals of Thoracic Surgery, vol. 42, no. 2, pp. 124-133.
Starr, Albert. / The thoracic surgical industrial complex. In: Annals of Thoracic Surgery. 1986 ; Vol. 42, No. 2. pp. 124-133.
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