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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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oHeads of business development
oThe R&D community
oTrade and industry associations
oOpinion leaders in primary and secondary care, public and private sectors
oGovernment officials and implementation agencies
-These interviews, divided among each geographical region, provide the analyst team with cross-verification of data and fresh input into revenue, growth rate, equipment replacement rate, unit shipment, and installed base measures. Frost & Sullivan takes a bottom-up approach, looking at market metrics country by country and using interviews at the country level to look at grassroots issues and the effects they will have on revenues and growth. These issues include an examination of how the healthcare delivery model differs from country to country, the regulatory framework for healthcare companies, and the regulatory barriers to entry and the best route to market for global companies and smaller market participants alike. These factors shape the market calculations, building up to an overall sizing of the market.
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