Russia Medical Devices Report

Published 08 April 2015

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Russia Medical Devices Report

BMI Industry View: We expect t he Russian medical device market to contract by a CAGR of 2.9 % over the 2013-2018 period . T he financial sanctions imposed by the West due to Russia's involvement in the Ukraine crisis , as well as the weakened currency and high inflation are expected to cause a deep recession in 2015, which will adversely affect medical device market growth, as less money is made available for he althcare. Import restrictions introduced in February 2015 may also reduce demand.

Headline Industry Forecasts

  • In 2013, the Russian medical device market was estimated at USD6,716.9mn, or USD47 per capita. This market size is comparable to Canada; in per capita terms, the market is similar to Croatia. The 2008-2013 CAGR was estimated at 0.3%, but the market is expected to contract by a CAGR of 2.9% over the 2013-2018 period, to USD5,785.2mn, or USD41 per capita by 2018, due to the weakening rouble.

  • Over 70% of the medical device market is supplied by imports. Russia imported medical devices valued at USD4,848.9mn in 2013; this represented a fall of 21.8% compared with 2012 and a 2008-2013 CAGR of 1.1%. Imports have grown every year since 2003, with the exception of 2009 and 2013. In the 12 months to October 2014, imports fell by 22.8% to USD4,544.9mn.

  • Russia is not a major exporter of medical equipment, but the total has risen consistently since 2001, falling only in 2009-2010. Exports reached a new high of USD147.0mn in 2013, a rise of 8.7% over the previous year and a 2008-2013 CAGR of 3.3%. The trade deficit decreased from -USD6,067.5mn in 2012 to -USD4,701.6mn in 2013, due to a large fall in imports. In the 12 months to October 2014, exports rose by 4.4% to USD148.4mn.

  • Russia has around 1,200 manufacturers engaged in medical device production. Around 12,000 types of medical device are manufactured locally, including modern digital low dose X-ray apparatus, patient monitors, electrocardiographs, operating tables, hospital beds and medical...

Table of Contents

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
24
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
29
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
30
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (USDmn)
32
Table: Dental Products Market, 2009-2018 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USD% Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
38
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
45
Table: Medical Device Imports By Product Area, 2009-2019 (USD000s % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, December 2011-October 2014 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
69
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, December 2011-October 2014 (USDmn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Table: GDP By Expenditure (Russia 2012-2019)
90
Industry Risk/Reward Index
91
Table: CEE Medical Device Risk/Reward Index, Q315
92
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2013
95
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
98
Private Healthcare Provider
112
Healthcare Funding
114
Healthcare Resources
116
Healthcare Activity
117
Healthcare Personnel
117
Key Healthcare Data
119
Table: Key Healthcare Data, 2009-2014
119
Industry Trends And Developments
122
Regulatory Development
133
Medical Device Regulations
133
Competent Authority
133
Medical Device Registration
133
Regulatory Developments
134
Medical Device Pricing & Reimbursement
138
Pricing Of Implantable Medical Devices
138
Reimbursement
138
Competitive Landscape
140
Domestic Medical Device Production
140
Domestic Medical Device Manufacturing
142
National Medical Device Manufacturers
143
Multinational Market Activity
150
Table: Multinational Market Activity, 2015
150
Medical Device Market Access
152
Market Environment
152
Distribution
152
Trade Association
152
Trade Shows
153
Methodology
154
Forecast Methodology
154
Trade Code Classifications
155
Table: Used HS Trade Codes
155
Table: Rearranged HS Trade Codes
157
Risk/Reward Index Methodology
160
Table: Medical Devices Risk/Reward Index Indicators
161
Sources
163
Contact
164

The Russia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Russia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Russia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Russia, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Russia.
  • Target Business Opportunities in the Russia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Russia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc