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Russia Medical Devices Report Q2 2016

  • April 2016
  • -
  • Espicom Business Intelligence
  • -
  • 144 pages

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 caused by falling oil prices and the extension of EU economic sanctions to July 31 2016 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.

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Russia Medical Devices Report Q2 2016

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