A Multifaceted Study of the Similarities in the Healthcare and Pharmaceutical Market in Italy and the United States

Abstract

The American and Italian healthcare sectors are considerably similar even though they do not have identical economic markets. The American healthcare system has four primary firms that dominate the market, making it an oligopoly. Italy’s healthcare system is a monopoly that also has four dominant firms. These powerful companies set prices and hold the influence in the market, reducing viable or accessible options for their consumers. They are two countries that value innovation and progress in the medical field. However, there are gaps in both systems that can be shown through price gouging and impeded progress in innovation.