Market

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Market (Medicine)

Market (pronunciation: /ˈmɑːrkɪt/) in the context of medicine refers to the commercial environment where healthcare products, services, and technologies are bought and sold.

Etymology

The term 'market' originates from the Latin word mercatus, meaning trade or a place where business is conducted.

Related Terms

  • Healthcare Industry: The sector of the economy that provides services related to health. This includes hospitals, nursing homes, outpatient care centers, and home healthcare.
  • Pharmaceutical Industry: The industry responsible for the research, development, production, and distribution of drugs.
  • Medical Device Industry: The sector of healthcare that focuses on manufacturing and marketing devices used in healthcare.
  • Biotechnology Industry: This industry uses living organisms to develop or make products.
  • Healthcare Marketing: The practice of marketing products and services in the healthcare industry.
  • Healthcare Economics: The branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare.

See Also

External links

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