Economic Characteristics of the Medical Services Market: Demand, Supply, and Market Equilibrium with a Focus on Medical Devices

Authors

  • Velimira Chupetlovska, PhD Student Department of Finance, Faculty of Finance and Accounting, UNWE image/svg+xml Author

DOI:

https://doi.org/10.37075/RP.2026.3.08

Keywords:

Public goods
H57, H51, I11, I18

Abstract

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.

References

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Published

2026-07-30

Issue

Section

Articles

How to Cite

Chupetlovska, V. (2026). Economic Characteristics of the Medical Services Market: Demand, Supply, and Market Equilibrium with a Focus on Medical Devices. Research Papers of UNWE, 3, 167-180. https://doi.org/10.37075/RP.2026.3.08