5 March 2010, No of Pages - 25

Medical devices comprise surgical equipment & appliances, diagnostic devices, X-ray, ophthalmic equipment, laboratory devices & diagnostics, dental equipment, medical disposables and others.

The Russian Medical devices market is experiencing changes in healthcare standards, which has increased the demand for latest technological medical devices. The healthcare sector in Russia is aiming to strengthen the primary healthcare so as to improve the quality of care and increase the availability of healthcare services throughout the country. Also, increase in the aging population and lifestyle-related diseases in Russia have compelled the healthcare sector to revamp its medical facilities. Further, the advancement in medical technologies coupled with governmental support to provide sustainable and personalized healthcare to its citizens offers potential growth to the Russian Medical devices market.

Advancement in medical technologies is leading to the introduction of better therapies and medical solutions. The Russian Medical devices market holds a tremendous potential for devices that offer minimal invasive treatment procedures, provide low cost diagnosis, and monitor and cure procedures with short recovery times. Further, the competition in the market is compelling the manufacturers to introduce new innovative medical devices with improved design, deliverability and conformability. Thus, driving innovation within the market. For instance, development of convergent products that combine two or more products (drug enhanced devices), advanced diagnostic and imaging devices, etc.

The report by TechNavio Insights forecasts the size of the Medical Devices market in Russia over the period 2009-2013. Further, it discusses the key market trends, drivers and challenges of Medical Devices market in Russia, and profiles some of the key vendors of this market.

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