Russia Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Russia Medical Devices Report
Product Price
$1,295.00

BMI Industry View: We expect the Russian medical device market to contract by 18.6% in US dollar terms in 2016, up from -35.0% in 2015, due to a smaller depreciation of the local currency against the US dollar. A continuation of the recession caused by falling oil prices and the extension of EU economic sanctions to July 31 2016 will negatively impact healthcare spending, import performance, and ultimately market growth . Rouble depreciation, high inflation and government budget cuts will reduce consumer purchasing power and real incomes .

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 3,978.8 27.7 243,678.1 1,698.6 61.2
2016 3,237.2 22.6 252,505.0 1,760.4 78.0
2017 3,677.3 25.6 278,554.1 1,942.8 75.8
2018 3,960.5 27.6 303,738.6 2,120.2 76.7
2019 4,105.8 28.7 316,450.2 2,211.4 77.1
2020 4,264.1 29.8 331,373.6 2,318.9 77.7

Latest Updates and Key Forecasts

  • We forecast that the market will register a 2015-2020 CAGR of 6.3% in local currency terms, which is lower than the 2010-2015 CAGR of 7.8%. In US dollar terms, the 2015-2020 CAGR will be lower at 1.4%, due to the projected depreciation of the Russian rouble over most of the forecast period. We expect the market to increase from USD4.0bn in 2015 to USD4.3bn in 2020.

  • Due to the depreciation of the Russian rouble, the extension of EU economic sanctions until July 31 2016 and the medical device import restrictions that were established in 2015, we believe that medical device import growth will remain negative in US dollar terms throughout 2016. In the 12 months to Q415, imports fell by 37.0% to USD2.8bn.

  • Due to the poor economic performance of key trade partners such as Ukraine, we believe that exports will post negative growth, or at best low single-digit growth, in US dollar terms in 2016. In the 12 months to Q415, exports fell by 9.1% to USD125.9mn.

  • On January 1 2016, the Eurasian Economic Union (EAEU) member states formally introduced a common market and regulatory system for medical devices. We believe that the harmonised system will reduce bureaucracy for companies operating in the EAEU countries, once all of the relevant regulations have been published.

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
2014-2019 Performance
16
Table: Projected Medical Device Market, 2014-2019
17
2009-2014 Performance
18
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
24
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn, % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
29
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
30
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
31
Dental Products Market Forecast
33
Capital Equipment
33
Instruments & Supplies
33
Table: Dental Products Market, 2009-2019 (USDmn)
34
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
35
Orthopaedics & Prosthetics Market Forecast
37
Fixation Devices
37
Artificial Joints
38
Other Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
38
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
39
Patient Aids Market Forecast
40
Portable Aids
40
Therapeutic Appliances
40
Table: Patient Aids Market, 2009-2019 (USDmn)
41
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
41
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2009-2019 (USDmn)
44
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
45
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
53
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2014
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
62
Monthly Medical Device Imports
66
Table: Monthly Medical Device Imports By Product Area, April 2012-April 2015 (USDmn)
66
Annual Medical Device Exports
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
74
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
76
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
78
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
79
Table: Detailed Medical Device Export Trends By Product Area, 2014
82
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
85
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
89
Monthly Medical Device Exports
92
Table: Monthly Medical Device Exports By Product Area, April 2012-April 2015 (USDmn)
92
Macroeconomic Forecasts
94
Economic Analysis
94
Table: Economic Activity (Russia 2010-2019)
98
Industry Risk/Reward Index
99
Table: CEE Medical Device Risk/Reward Index, Q415
100
Market Overview
102
Medical Device Market Overview
102
Table: Medical Device Market, Key Ratios, 2014
103
Table: Medical Device Market By Product Area, 2014
104
Healthcare Overview
105
Health Status
105
Healthcare System
106
Private Healthcare Provider
121
Healthcare Funding
123
Healthcare Resources
125
Table: Medical Device Technology By Type, 2006-2013 (Units)
127
Table: Medical Device Technology By Type, 2006-2013 (Per Mn Population)
128
Healthcare Activity
129
Healthcare Personnel
129
Key Healthcare Data
131
Table: Key Healthcare Data, 2009-2014
131
Industry Trends And Developments
134
Regulatory Development
145
Medical Device Regulations
145
Competent Authority
145
Medical Device Registration
145
Regulatory Developments
146
Medical Device Pricing & Reimbursement
151
Pricing Of Implantable Medical Devices
151
Reimbursement
151
Competitive Landscape
153
Domestic Medical Device Production
153
Domestic Medical Device Manufacturing
155
National Medical Device Manufacturers
157
Multinational Market Activity
164
Table: Multinational Market Activity, 2015
164
Medical Device Market Access
166
Market Environment
166
Distribution
166
Trade Association
166
Trade Shows
167
Methodology
168
Forecast Methodology
168
Trade Code Classifications
169
Table: Rearranged HS Trade Codes
170
Risk/Reward Index Methodology
173
Table: Medical Devices Risk/Reward Index Indicators
174
Sources
176
Contact
177

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.