Table 2.

Consolidated research and implementation costs with projections till 2028.

	Baseline	Scenario A (20%)	Scenario B (60%)	Scenario C (100%)
Device validation		2021	2025	2028
Number of wearable models in Australia	446	446	446	446
% Validated (actual and aspirational)	14.3%	20.0%	60.0%	100.0%
Number of models requiring validation	0	89	268	446
Number already validated	64	64	89	268
Number of models not yet validated	382	25	179	178
Cost to validate each model	$ 59,340
Plus TGA assumed cost of 10% of validation cost	$ 65,274
Cost to achieve 100%, 60% and 20% validation		$ 1,644,905	$ 1,657,936	$ 1,618,772
BP certification cost of training
Australian average weekly earning	$ 1,713.90
Wage per hour	$ 42.85
Wage per hour plus on cost	$ 55.70
Wage for one hour per year	$ 111.40
No of practitioners in 2018	$ 65,753
No of practitioners 2021 with 20% trained	$ 124,216	$ 13,838,178
No. practitioners in 2025 with 60% trained	$ 383,716		$ 28,909,162
Practitioners in 2028 (100% trained)	$ 693,726			$ 34,536,201
Average cost of a new regulation from proposal stage through every step in the legislature before it is implemented (once only)			$ 526,816
Total Implementation costs	$ 1,893,950	$ 15,483,083	$ 40,567,099	$ 6,154,973
Research labour and non-labour costs	$ 471,836	$ 661,570	$ 1,420,500	$ 1,989,699
Total research and implementation costs to achieve each scenario (n = 446)	$ 2,365,787	$ 16,144,653	$ 41,987,599	$ 48,144,671
Total research and implementation costs to achieve each scenario (n = 379)	$ 2,365,787	$ 15,269,981	$ 39,363,584	$ 43,771,313
Total research and implementation costs to achieve each scenario (n = 312)	$ 2,365,787	$14,395,310	$ 36,739,569	$39,397,955