The Russian medical device market demonstrated rapid growth over the period 2006-2012. Consumption increased with state support of health care, in particular under the 2011-2012 regional modernization programs worth RUB 635.7 bln., a large portion of it spent on equipment upgrades. With the programs played out, public health centers could not support the former level of demand.
Growth of the market in 2011-2012 gave way to a downward trend in 2013 when the market shrank ... Read more
The global medical device market has been growing steadily over the last years, expanding by 5% between 2009 and 2013. The Russian medical market grew by 12% in the same period, and in absolute terms is now the 14th-largest in the world.
In the 2011-2012 period consumption of medical products in the country increased substantially as a result of regional programs to modernize health care. Equipment that would have been purchased in 2012-2015 at the natural rate of ... Read more
According to the recent study the medical device market is projected to reach an estimated $445.1 billion by 2026 from $132.1 billion in 2020, at a CAGR of 12.5% from 2020 to 2026. Growth in this market is primarily driven by increasing healthcare expenditure, growing aging population, and chronic diseases.
Browse 80 figures / charts and 53 tables in this 177-page report to ... Read more
