The Estonian medical device market will register high single-digit growth over the 2016-2021forecast period, but will register slightly lower growth in US dollar terms due to local currencydepreciation. The market is heavily reliant on imports, but its small size limits the scope for the purchase ofmore expensive items.
Latest Updates And Key Forecasts
We have revised upwards our forecast and project that the market will expand by a 2016-2021 CAGR of7.5% in local currency terms, which will take expenditure to EUR205.1mn by 2021. Market growth inUS dollar terms will be lower at a 2016-2021 CAGR of 6.0%, which should see it increase toUSD211.3mn by 2021.