Lithuania Medical Devices Q1 2021
Lithuania represents a small medical device market with potential for expansion. We expect the market to exhibit midsingle-digit growth over the 2019-2024 period, with growth stronger in US dollar terms due to local currency appreciation. While thegovernment's commitment to improving healthcare provision will benefit the market, due to the coronavirus pandemic, there aremounting downside risks to growth in the short term. Some products will see increased demand (such as personalprotective equipment and ventilators). There will be reduced uptake of most other medical devices, due to the pressure placed onhealthcare resources by Covid-19 and the accompanying decline in economic activity. The pandemic is also putting a strain onglobal trade and medical device supply chains, which will affect the import reliant market in the short term.
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