Sustainable Development and Engineering Economics (Jul 2023)

Analysis of the Medical Equipment Market of the Russian Federation: Features and Prospects of Its Development

  • Ivan Ozhgikhin,
  • Irina Rudskaya,
  • Iroda Abdulayeva

DOI
https://doi.org/10.48554/SDEE.2023.2.3
Journal volume & issue
Vol. 8, no. 2
pp. 40 – 52

Abstract

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One of the key directions in the development of modern healthcare is tightly concentrated around technological modernisation, the main task of which is to achieve a high quality of life for the population based on sustainable economic growth and the use of advanced technologies. With their help, the priority of national health care will no longer be the treatment of identified diseases but the prevention and maintenance of health. Limited access to advanced achievements in the field of medical equipment and a significant level of competition from foreign manufacturers with significantly greater financial strength have led to a low share of the domestic medical equipment market on a global scale. The lagging behind the world’s leading manufacturers in terms of the commercialisation of innovations is accompanied by a high cost of equipment for the production of medical devices, a high level of import dependence in components, the inability of manufacturers to provide services for the integrated equipment of medical institutions, and a shortage of qualified personnel capable of solving the problems of creating new products and organising modern production in the medical industry. This article analyses the medical equipment market of the Russian Federation and reveals specific features and principles. The essence of the factors that hinder and promote market growth is revealed, and the principles that need to be considered when forming the development vector are listed. The main factors that positively influence the market of innovative medical equipment are the growth of financial resources in healthcare, the expansion of state guarantees of medical care, an increase in the volume of high-tech care, and trends in medical science. However, certain institutional factors inhibit the development of the market, particularly those related to regulatory and legal regulation as well as the interaction of market participants.

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