BRIC Medical Devices Market Analysis and Forecast in New Market Research Report at ReportsnReports.com

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“The Outlook for Medical Devices in Brazil, Russia, India & China” is the new research report added to ReportsnReports.com store.

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The reports provide:

  •     Complete assessment of the leading emerging economies at a time of financial upheaval and challenge
  •     Regularly updated 5-year forecasts and market valuations for each market
  •     Detailed analysis of the health structure, funding, service and outlook for each market
  •     Critical SWOT and assessment of the market
  •     Published quarterly to provide the latest information on BRIC medical devices market.

These leading emerging economies represent a total medical market of US$20.9 billion. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?

With a combined population of 2.7 billion people and with significant unmet medical need, the challenges and opportunities of the BRIC markets are considerable. The economic downturn has affected these markets varyingly; for example, the Brazilian import market may be affected by disadvantageous US$ exchange rates, but China is affected more by a weak economy in the USA, its major market. Significant growth rates, up to 9.1% in China for example, are impressive, but the low starting point – along with a range of other operational issues – means companies must be targeted in the opportunities they pursue.

Effective planning is vital; the leading provider of medical market intelligence has issued this report collection The Outlook for Medical Devices in Brazil, Russia, India & China to 2016. For each country there is a comprehensive examination of the market for medical devices and equipment which covers all aspects of the operating environment from the regulatory situation through health provision/expenditure to domestic production. Importantly, each market evaluation includes 5 year growth forecasts and SWOT analysis. An additional benefit - and at no additional cost – is that these reports are updated and issued quarterly and include an annually updated statistical report packed with hard-to-source health market facts and figures.

Brazil
Brazil has the largest medical device market in the Latin American region. In 2011, the Brazilian medical market is valued at US$4.0 billion equivalent to around US$21 per capita. Expenditure is far higher in developed urban areas, however. The country has a well established medical industry, comprising local and multinational companies. Imports had been fuelled by the appreciation of local currency against the dollar and increasing consumer demand for the latest technology. However, a more realistic exchange rate contained medical imports in 2009. Imports tend to be high-tech medical equipment not produced locally. In 2009, 68% of imports were supplied by Europe and the USA. More opportunities exist in the private sector.

Russia
In 2011, the Russian market for medical equipment and supplies is estimated at US$6.0 million. This puts the market among the top 20 in the world, although per capita spending remains low, at around US$42. Around 75% of the market is supplied by imports. Germany, the USA and Japan were the leading suppliers in 2009, accounting for over 50% of imports. The value of imports greatly increased up to 2008, but was hit hard by the recession in 2009. The market, however, remains strongly reliant on products from abroad, as domestic producers are small and under-capitalised.

India
The Indian market for medical equipment is valued at around US$2.6 billion in 2011. Despite strong growth rates, the market remains disproportionately small, ranking among the top 20 in the world but with low per capita spending. High quality products are sought after, particularly in the private sector, and the high-tech end of the medical device market is dominated by multinationals with extensive service networks. Indian manufacturers of good quality mid-tech products struggle with a stigma for unreliability. Indian purchasers are, however, price-sensitive and seek value for money. Continued investment in the private sector infrastructure, coupled with increased healthcare funding from the government, and should result in a steady increase in the market for medical equipment.

China
For 2011, it was estimated market growth to be in the region of 13.1%, one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China’s growth is particularly pronounced. In 2011, the country’s market valuation, at US$8.6 billion, makes it one of the largest in the world. The Chinese medical device market is largely supplied by imports or products made locally by multinational joint ventures especially at the higher end of the technology scale. The Chinese market represents many opportunities for foreign business, and if new regulatory reforms prove successful and the inadequacy of rural healthcare is effectively addressed, then the sheer number of previously untapped consumers makes China an attractive proposition.

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