Economic Characteristics of the Medical Services Market: Demand, Supply, and Market Equilibrium with a Focus on Medical Devices
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Academic Publishing UNWE (AP-UNWE)
Abstract
Description
The scientific study analyzes the economic characteristics of the medical services market, focusing on the features of the main goods traded within it. It examines the specifics of the demand for goods related to health and life, as well as the analysis of private, public, and mixed goods. Emphasis is placed on the medical devices market as a key component with particular characteristics, including innovation, technological advancement, and legal regulations. These factors shape pricing and competition in the sector, and the mechanisms of market equilibrium are analyzed under conditions of limited supply and specific demand. In conclusion, recommendations are formulated for improving policies and regulations.
Keywords
Public goods, H57 - Procurement, H51 - Government Expenditures and Health, I11 - Analysis of Health Care Markets, I18 - Government Policy • Regulation • Public Health