Is medical technology elastic or inelastic?

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.