Government Sows Innovation, While Medical Tourism Waits to Reap Benefits
Leveraging on the middle-class population’s growing demand for non-invasive surgery and their inclination to spend out of pocket on expensive medical devices required for arthroscopic surgeries, the Health Ministry plans to support the production of local, high quality devices through Healthcare 2020, a long-term plan that encourages innovation and indirectly lowers imports. This is likely to encourage MNCs to innovate and bring down the price of international-brand arthroscopic implants. Local manufacturers, meanwhile, are likely to take advantage of the high demand for quality and support the role of arthroscopic medical devices industry as accessories suppliers for high volume, high-end public hospitals where MNCs function as principals. The Russian arthroscopy devices market is in the 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.
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