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 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 and the medical device import restrictions, we believe that medical device import growth will remain negative in US dollar terms throughout 2016, containing market growth. In the 12 months to February 2016, imports fell by 35.7% to USD2.8bn.

  • We believe that exports will start to recover in 2016, as the economic performance of key trade partners such as Kazakhstan and Belarus improves. In the 12 months to February 2016, exports fell by 5.4% to USD125.6mn.

  • The common market and regulatory system for medical devices that was formally introduced by Eurasian Economic Union (EAEU) member states on January 1 2016 will reduce bureaucracy for medical device companies operating in the EAEU, once it has been fully launched. In May 2016, the Eurasian Economic Commission (EEC) published five second-level regulations in relation to the system.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
13
Medical Device Market Forecast
13
Latest Updates
13
Structural Trends
14
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
16
Consumables Market Forecast
20
Latest Updates
20
Structural Trends
20
Bandages & Dressings
20
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2010-2020 (USDmn)
22
Table: Consumables Market, 2011-2020 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Latest Updates
25
Structural Trends
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
27
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
28
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
29
Dental Products Market Forecast
31
Latest Updates
31
Structural Trends
31
Capital Equipment
31
Instruments & Supplies
32
Table: Dental Products Market, 2010-2020 (USDmn)
32
Table: Dental Products Market, 2011-2020 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Latest Updates
35
Structural Trends
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
37
Patient Aids Market Forecast
39
Latest Updates
39
Structural Trends
39
Portable Aids
39
Therapeutic Appliances
40
Table: Patient Aids Market, 2010-2020 (USDmn)
40
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
41
Other Medical Devices Market Forecast
43
Latest Updates
43
Structural Trends
43
Table: Other Medical Devices Market, 2010-2020 (USDmn)
44
Table: Other Medical Devices Market, 2011-2020 (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 (Local Currency 000s)
51
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
53
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, Year Ending February 2016 (USDmn)
64
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
70
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2014
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, Year Ending February 2016 (USDmn)
86
Industry Risk/Reward Index
87
Table: CEE Medical Device Risk/Reward Index, Q316
88
Market Overview
89
Medical Device Market Overview
89
Table: Medical Device Market, Key Ratios, 2015
89
Table: Medical Device Market By Product Area, 2015
90
Healthcare Overview
91
Health Status
91
Healthcare System
92
Private Healthcare Provider
94
Healthcare Funding
94
Healthcare Resources
96
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Units)
97
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Per Mn Population)
98
Healthcare Activity
99
Healthcare Personnel
99
Key Healthcare Data
100
Table: Key Healthcare Data, 2010-2015
100
Industry Trends And Developments
102
Regulatory Development
108
Medical Device Regulations
108
Competent Authority
108
Medical Device Registration
108
EAEU Regulatory System For Medical Devices
110
Regulatory Developments
111
Medical Device Pricing & Reimbursement
114
Pricing Of Implantable Medical Devices
114
Reimbursement
115
Public Procurement
116
Competitive Landscape
117
Domestic Medical Device Production
117
Domestic Medical Device Manufacturing
119
National Medical Device Manufacturers
121
Amico
121
AngioSkan
121
Cardex
122
Conmet Holding
122
Elamed
122
Electron
123
ELEPS
123
Krylo
124
Leningrad Optical & Mechanical Enterprise (LOMO)
124
Medical Technologies (MTL)
124
Medicom-MTD
125
Meditek
125
Mitsar
126
Monitor
126
Polyus Research & Development Institute
126
SpectrAP
127
Spectromed
127
SPF BIOSS
127
Triton Electronic Systems
128
Multinational Medical Device Manufacturers
128
GE Healthcare
128
Smith & Nephew
129
Multinational Market Activity
129
B
129
Becton Dickinson
130
Fresenius Medical Care
130
Johnson & Johnson
130
Medtronic
130
Siemens
131
Stryker
131
Medical Device Market Access
131
Market Environment
131
Distribution
131
Trade Association
132
Trade Shows
132
Methodology
133
Forecast Methodology
133
Trade Code Classifications
134
Table: Rearranged HS Trade Codes
135
Risk/Reward Index Methodology
138
Table: Medical Devices Risk/Reward Index Indicators
139
Sources
141
Contact
142

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.