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Both the supply side and the demand side of medical technology are elastic.
As soon as a new technology is available, or if there is a price reduction, increased demand will lead to an increased supply.
At base, most medical technologies are simple, and do not use exotic materials, - the availability of supplies is almost unlimited.
And on the demand side, there is an almost unlimited demand for various technologies (consider cochlear implants), as soon as there is a technological or a price improvement, the demand will increase.
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