BMI View: Lithuania represents a small medical device market with potential for expansion. We expect the market to exhibit moderate growth over the 2016-2021 forecast period, and register slightly lower growth in US dollar terms due to local currency depreciation. We expect government commitments to improving healthcare provision to contribute to growth.
Latest Updates And Key Forecasts
We have revised our forecast upwards in local currency terms and now expect the market to register a 2016-2021 CAGR of 7.0%, which should see expenditure rise to EUR409.9mn by 2021. Market growth in US dollar terms will be lower at a 2016-2021 CAGR of 5.5%, which will see it grow to USD422.2mn by 2021.