Development of the Medical Device Industry of Russia
About the Medical Device Industry

The Role of the Medical Device Industry in the Economy of Russia

At present, with the Government’s increased attention towards Healthcare, the Medical Device Industry turns out to have huge growth potential. The Industry is ranked among the top innovative development priorities of the Russian economy.

Systemic Healthcare reforms in Russia aimed inter alia at fostering demand for medical products offer broad opportunities and prospects for the domestic medical device manufacturers.

The Government’s increased attention towards the medical device market has been embodied in a number of conceptual documents that have either been issued or are being developed:

 - The Federal Target Program “The Development of the Pharmaceutical and Medical Device Industry of the Russian Federation to 2020 and beyond” that provides state support for domestic medical device manufacturers amounting to RUB 49 billion.

 - The draft Strategy for the development of the Medical Device Industry of Russia