Healthcare The Emerging Business-to-consumer Medical Device Market

INDUSTRY
Healthcare

RELEASE DATE
24-May-2017
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
9837-00-CE-00-00
SKU
HC02803-NA-MR_20025
Yes
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The Emerging Business-to-consumer Medical Device Market
Published on: 24-May-2017 | SKU: HC02803-NA-MR_20025

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Economists and healthcare academics have stated for years that the normal market dynamics for supply and demand curves do not apply for the consumption of healthcare. In other words, the price goes up as demand increases, attracting new suppliers that increase the supply, which brings the price back to normal because healthcare in the United States is consumed, for the most part, as a commodity. An important element of any commodity is that price is set as a component of the market as a whole, determined by the interactivity of market demand and supply. In the business of US healthcare, myriad industry verticals set market demand and its pricing, not the actual healthcare consumers. The acute emergence of the individual US healthcare consumer is driving a shift in business models. The sizable purchasing power of this population demographic is quantifiably impacting the supply and demand curve for healthcare in the United States. The impact of this new development is beginning to bebeing seen in primary and residual economic modeling, the market entry strategy for original equipment manufacturers (OEM) of medical devices, hospitals, and preventive medicine vendors. With the establishment of a true healthcare consumer, many patients are discovering their healthcare costs are lower by staying at home and avoiding hospital co-pays and deductibles. This developing retail opportunity is capitalizing on established pent up demand for unique and personal healthcare products. In addition, this demand is creating an unanticipated opportunity for the business-to-consumer (B2C) medical device market.

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Economists and healthcare academics have stated for years that the normal market dynamics for supply and demand curves do not apply for the consumption of healthcare. In other words, the price goes up as demand increases, attracting new suppliers that increase the supply, which brings the price back to normal because healthcare in the United States is consumed, for the most part, as a commodity. An important element of any commodity is that price is set as a component of the market as a whole, determined by the interactivity of market demand and supply. In the business of US healthcare, myriad industry verticals set market demand and its pricing, not the actual healthcare consumers. The acute emergence of the individual US healthcare consumer is driving a shift in business models. The sizable purchasing power of this population demographic is quantifiably impacting the supply and demand curve for healthcare in the United States. The impact of this new development is beginning to bebeing seen in primary and residual economic modeling, the market entry strategy for original equipment manufacturers (OEM) of medical devices, hospitals, and preventive medicine vendors. With the establishment of a true healthcare consumer, many patients are discovering their healthcare costs are lower by staying at home and avoiding hospital co-pays and deductibles. This developing retail opportunity is capitalizing on established pent up demand for unique and personal healthcare products. In addition, this demand is creating an unanticipated opportunity for the business-to-consumer (B2C) medical device market.
More Information
Deliverable Type Market Research
No Index No
Podcast No
Industries Healthcare
WIP Number 9837-00-CE-00-00
Keyword 1 Business-to-consumer Medical Device
Keyword 2 B2C medical device
Keyword 3 dynamics for supply
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A4B-B1,9837-B1

The Emerging Business-to-consumer Medical Device Market

$1,500.00

Special Price $1,125.00 save 25 %

In stock
SKU
HC02803-NA-MR_20025