2013-09-05 16:37:34 - Fast Market Research recommends "The Medical Device Market: Russia" from Espicom Business Intelligence, now available
OVERVIEW OF THE MEDICAL MARKET IN RUSSIA
The Russian healthcare system retains many of its Soviet-era characteristics, remaining bureaucratic and inefficient. However, the government's national Health project aims to improve healthcare standards. Since the project's implementation, numerous medical facilities have been upgraded and a substantial number of medical personnel have been awarded salary increases. The government will continue to work on the project over 2012-2014.
In December 2012, the regional healthcare modernisation programme was extended until the end of 2013, as some regions were unable to complete their projects in the 2011-2012 period. Any unused resources will be reinstated to the regions to enable the completion of outstanding medical construction projects. The government has authorised a further R20bn (US$655.5mn) towards the modernisation
programme in 2013, adding to the initial R460bn (US$15.1bn) that was allocated for the 2011-2012 period.
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In January 2013, the government approved a national healthcare development plan for the 2013-2020 period. The programme consists of 11 initiatives that focus on several areas including preventive care, health & wellbeing of mothers & babies, and medical rehabilitation/physiotherapy.
Russian medical device manufacturers are generally small and undercapitalised, and tend to produce obsolete products; they can only compete with Western products in terms of cost. The country has a strong scientific research base but has no experience of commercialising new products. However, in January 2013, the government approved a strategy that will aid the development of innovative products and their introduction into the healthcare system until 2025.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
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Data on leading local/multinational medical equipment players in the market
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For more information on our Medical Market Reports please click on the link to read more...
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