Table of Contents
The Russian joint replacement and trauma fixation device markets are in a growth stage. Regulatory changes and a growing economy are likely to support penetration. This research service provides details about funding patterns, disease prevalence, procurement processes and distribution structure. It also provides a market share analysis, pricing analysis and revenue forecasts. The list of key hospitals and distributors by region are a value add for clients.
The penetration of orthopaedic procedures in Russia is low. While joint replacement procedures are conducted annually, there are patients requiring them, which indicates the high potential available in the country.
The transition from government-funded procedures to out-of-pocket expenditure is expected to be witnessed in the next years.
Industrialisation in the country, supported by the likely regulation for localisation of medical device manufacturing, is expected to change the market dynamics in the next years.
Federal and regional funding account for – % of the market, while there is a steady increase in out-of-pocket expenditure.
Of the federal funding, % is allocated to less than hospitals in the country. This directly supports the high volume of procedures conducted in a few regions.
The new decision to deny federal funding for hip implants, beginning in 2014, is likely to lower sales and market revenue in the near future.
DePuy Synthes and Zimmer are the market leaders, while other market participants have created a niche for themselves in a few regions.
Domestic participants have better penetration in the trauma fixation devices market than in the joint replacement one. However, this is declining due to the perception that the quality of these products is low.
The new regulation to have a single insurance system is likely to drive an increased volume of procedures in every region.
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