BRIC Medical Devices Market Exceeds $10 Billion, According to a Study Posted in MarketResearch.com
This study focuses on medical devices in BRIC (Brazil, Russia, India and China).
Rockville, MD, September 03, 2010 --(PR.com)-- MarketResearch.com has announced the addition of Espicom Healthcare Intelligence new report “The Market for Medical Devices in Brazil, Russia, India & China” to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2751870.
China, India, Russia, and Brazil represent a total medical market of US$10.8 billion, according to Espicom Healthcare Intelligence. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?
With a combined population of 2.7 billion people and with significant unmet medical needs, the challenges and opportunities of BRIC markets are considerable. The economic downturn has affected these markets varyingly; for example, the Brazilian import market may be affected by disadvantageous US$ exchange rates, but China is affected more by a weak economy in the USA, its major market. Espicom Healthcare Intelligence states that 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.
There are, of course, wide regional differences in expenditure levels within the BRIC countries, far more so than in developed countries where health systems have evolved to provide a more uniform level of coverage. All four countries have a relatively wealthy urban population with a far greater spending power than their respective national average, reports Espicom Healthcare Intelligence. These urban populations have grown rapidly, and number hundreds of millions. The challenge for these countries is to extend this level of wealth to the rest of the population, so that better levels of healthcare become affordable.
The prevailing economic woes have to be seen over the long term. This is evolution not revolution, and change will be incremental. Short-term opportunities exist in meeting the health demands of the burgeoning middle classes, and future prospects are bright, where steady growth in BRIC markets will erode commercial differences with the established markets in North America, Japan and Europe. Effective planning is vital.
This report provides a comprehensive examination of the market for medical devices and equipment in BRIC, covering 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.
For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2751870
Contact:
Veronica Franco
MarketResearch.com
vfranco@marketresearch.com
240.747.3016
###
China, India, Russia, and Brazil represent a total medical market of US$10.8 billion, according to Espicom Healthcare Intelligence. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?
With a combined population of 2.7 billion people and with significant unmet medical needs, the challenges and opportunities of BRIC markets are considerable. The economic downturn has affected these markets varyingly; for example, the Brazilian import market may be affected by disadvantageous US$ exchange rates, but China is affected more by a weak economy in the USA, its major market. Espicom Healthcare Intelligence states that 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.
There are, of course, wide regional differences in expenditure levels within the BRIC countries, far more so than in developed countries where health systems have evolved to provide a more uniform level of coverage. All four countries have a relatively wealthy urban population with a far greater spending power than their respective national average, reports Espicom Healthcare Intelligence. These urban populations have grown rapidly, and number hundreds of millions. The challenge for these countries is to extend this level of wealth to the rest of the population, so that better levels of healthcare become affordable.
The prevailing economic woes have to be seen over the long term. This is evolution not revolution, and change will be incremental. Short-term opportunities exist in meeting the health demands of the burgeoning middle classes, and future prospects are bright, where steady growth in BRIC markets will erode commercial differences with the established markets in North America, Japan and Europe. Effective planning is vital.
This report provides a comprehensive examination of the market for medical devices and equipment in BRIC, covering 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.
For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2751870
Contact:
Veronica Franco
MarketResearch.com
vfranco@marketresearch.com
240.747.3016
###
Contact
MarketResearch.com
Veronica Franco
240.747.3016
www.marketresearch.com/
Veronica Franco
240.747.3016
www.marketresearch.com/
Contact
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