Introduction to Health Economics

Part

Topic: Demand for Healthcare Products

Question: Is demand for healthcare a direct or derived demand. What is the future trend of this

demand?

Why the Question is Important

Healthcare economics involves the utilization of scarce resources to promote, maintain

and improve the healthcare of citizens. Healthcare is a critical sector that requires accuracy

when making judgments concerning the trends in demand for healthcare products. For this

reason, the above question is useful when it comes to predicting the future trend in demand for

healthcare products. Understanding the demand trend of healthcare products enables the

interested party to plan and budget for healthcare products. Understanding the demand trend

for healthcare products will also help the suppliers and manufacturers of the healthcare