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Medical equipment is expensive for reasons other than just liability. Much of it is because of some combination of being quite specialized, protected by medical patent (or other IP law), produced from expensive materials or manufacturing process, and subject to all sorts of regulations involved in prolonging/saving lives.

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You can get most medical equipment from China/India at up to 100x lower prices, but nobody would even dare to use them on any patient (in first world countries) because of the liabilities... and that's why customers only get products made by certified companies, who accept the liability and consequently tighten their manufacturing, and pay for whatever IP.

The same would happen with any other kind of software/hardware where liabilities are regulated. Suddenly companies would have to tighten their development processes, triple check for IP, formally verify every component, get certified and insured, and prices to the consumer would skyrocket.

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