Abstract

Jatin Anil Sachdev*, Jayesh Ashok Patil, Bhaveshri Vasudev Dhanjar, Mansi Kundan Choudhari

ABSTRACT

Price variation in the pharmaceutical industry, especially in the field of life-savingessential drugs and devices, is a major challenge. affordability and availability ofhealth care worldwide. This comprehensive study examines the root causes of thesedisparities and suggests strategies to mitigate the impact on patient well-being andhealth systems. The main factors affecting these differences are production costs,research and development costs, anti-competitive patent protections andmonopolistic practices. The purpose of the research is to highlight the consequencesof rising drug prices and propose viable solutions to ensure fair access to mandatorytreatments for all who need them.