BMI View: The Ukrainian medical device market will record double-digit growth over the 2015-2020forecast period, but it will expand moderately in US dollar terms due to local currency depreciation. Thesluggish economy will constrain market growth. Demand for medical equipment is largely met by importsdue to the under-capitalised domestic industry.
Latest Updates and Key Forecasts
We maintain our forecast that the market will expand by a 2015-2020 CAGR of 12.1% in local currencyterms, which will take expenditure to UAH10.8bn in 2020. Market growth in US dollar terms will belower at a 2015-2020 CAGR of 5.9%, which should see it increase to USD369.3mn in 2020.