I can tell you nobody has ever thought it was all that important with gloves and watchbands and we don't have a small army of people who were nerve damaged by their casio.
And I can tell you that nerve damage (especially around the fingertips) is important to glove manufacturers, especially concerning sporting gloves, where the risk of such damage is high with or without gloves.
As for watchbands, I actually do know a few people who've had allergic reactions to watchbands of various kinds, starting with myself. I can't wear a gold watch, because after a few hours my wrist turns red, and after an evening of wearing it my lower arm is covered in small red bumps. I have a lesser reaction to my gold wedding ring, but I've never bothered finding out exactly which part of the alloy it is that I'm allergic to. In discussions with others, I've met folks allergic to plastic and cloth watchbands as well as metals, some of whose allergies didn't show up until after months of use.
I can tell you that if it costs $40,000 and you don't have that kind of cash laying around, it might as well not exist at all.
That's what insurance is for. Sure, it's a slim chance that I'll ever need a $40,000 medical device, but that's why I pay into the pool. If I ever do need it and don't have the cash lying around, my insurance provider does. If I never do need it, then my premiums went mostly to somebody else in the pool who did.
Are you claiming people are better off with nothing? Are you willing to say that to their faces? Sorry, you're not rich enough to have a hand?
No, I'm saying that the cheapest options present more risks that have not been mitigated. I have no problem informing people of the risks they face, and I sincerely hope that a doctor would inform his patients of the risk associated with any treatment, regardless of the cost.
Or consider canes. If a cane is used improperly, it can cause back shoulder and arm pain. Should we make canes cost $40,000 or should we just adjust them differently if things start hurting?
For a cane, it's a different matter. Canes typically do not have prolonged contact with the wearer and their well-studied risks do not often cause long-term problems once the adjustments have been made.
Imagine the disaster it would be for the economy if we all had to wear only medically approved clothes complete with $40,000 belts and $100,000 shoes. But OMG, what if the belt fails and their pants fall and cause them to trip and trigger a nuclear meltdown, millions of lives are at stake here! $100,000 is such a small price to pay in order to safely not go naked in public!
...and what is the actual risk of that slippery slope? Certainly it's nowhere near probable enough that we'd need to regulate clothing as tightly as medical devices. If you're working with high-energy devices, however, the risk posed by clothing is far greater. I don't recall exactly which jurisdiction requires it, but I know that every piece of clothing worn at my local nuclear plant must be cotton. Cotton burns, while synthetic fibers usually melt. Though often cheaper, synthetic clothes increase the damage from accidents enough to warrant that small amount of regulation.
I imagine the kid will do what the rest of us do. If the hand starts causing pain he'll use it less until it can be adjusted.
By that time, the damage may already be permanent. That's one of the things that research would study before handing it off to an unsuspecting patient.
Meanwhile, unlike before, he has a functional prosthetic hand.
"Functional" prostheses are available for far less than $40,000, and typically are used temporarily while a primary device is being built or repaired.
I'll bet that the $500 beater is infinitely more useful than a Ferrari to someone who will never be able to afford a Ferrari.
....until they're dead because the airbag was stripped for resale and the seat belts were worn out.
In other words, that looks like about $39,955 worth of FUD (and unicorn hair). Most people really can't afford that much FUD. Thankfully, I'm not in the market for a prosthetic hand, but if I was, I would at least try the $45 one first.
In other words, you have no idea what a risk analysis is, but you follow the hacker mentality in thinking that you can do anything if you have the raw material and a tool to work it, without the need for actual expertise. As long as the stated objective is met, that's good enough, right?
Medicine doesn't work that way. Medicine (ideally) isn't about just meeting the primary target, but about improving someone's health. Sometimes, that means doing nothing, and occasionally it even means letting people die rather than making the rest of their life miserable. Throughout the process, every decision is based on risk. Every drug has a risk of side effects, every test has a risk of being erroneous, and even if a doctor performs to the best standards available, there is always a risk that their patient will die.
That's why we have the FDA. That's why we run clinical trials. That's why medicine costs so damned much, because someone has to do the research and find out what the risks are, before asking patients to commit their well-being to a new device.