Thumbnail

Market Entry - Hospital Acquired Disease Testing Market in Russia: Analysis of Growth, Trends and Progress (2020 - 2025)

Looking to buy the report?

About the Market

In the past few years, the high incidence of nosocomial infections or hospital acquired infections (HAIs) has led to a high rate of morbidity and has emerged as a major concern for governments, particularly in developing and underdeveloped countries. In first world countries, various regulations are in place for penalizing hospitals exhibiting high incidences of HAIs, auguring well for the hospital acquired disease testing market. In contrast, the absence of proper regulations and stringent policies limiting the adoption of molecular-biology-based diagnostics are restricting the expansion of the market across emerging nations. By tests, this market is segmented into urinary tract, pneumonia, bloodstream-associated, MRSA, surgical site infections etc. The hospital acquired urinary tract infection diagnostics segment holds a dominating share in the overall market, due to its high prevalence and impact on morbidity. Additionally, the market for testing solutions such as surgical site infections and pneumonia (ventilator-associated and hospital-associated infections) shall also expand due to the growing incidence of these conditions in emerging economies of Latin America, Asia-Pacific, and other developing regions. Some of the key players in global hospital acquired disease testing market are Diatherix Laboratories Inc., Qiagen GmbH, Gen-Probe Inc., L Hoffman-La Roche, Cepheid Inc., Meridian Biosciences, Life Technologies Corporation, Nordion Inc., and Cantel Medical Corporation.

About the Geography

Russia is the largest country in terms of area and has a democratic government with a very strong president. Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, has seen diminishing growth rates since then due to exhaustion of Russia’s commodity-based growth model.

Russia is seeking to develop in an adverse political and economic environment. The government is trying to transition from an economy based on oil and raw material extraction to an economy based on technology. To achieve this, continual improvement of the attractiveness of investment in Russia remains one of the government’s key strategies. As a part of this, they have created special economic zones, ‘advanced development’ territories, and developed tax incentive systems.

The Russian economy is going through a difficult period with international sanctions, drop in oil prices and other limitations. The major challenges for doing business include the vastness of the country, which means different levels of economic and social factors, high levels of corruption and extreme climatic conditions. The Russian economy is trying to get rid of inefficiencies at all levels including government spending and there is an enormous push for localization of production to diversify the economy.

 

                Component Name               

Unit

From Site

                                      GDP                

USD billion

1326

GDP Annual Growth Rate

%

-0.6

GDP Per Capita

USD

11039

Employment Rate

%

66.6

Wages

USD/Month

545.247

Inflation Rate

%

6.4

Consumer Price Index (CPI)

Index Points

531

Interest Rate

%

10

Loans to Private Sector

USD million/billion

350,554.26 million

Balance of Trade

USD million/billion

6490 million

Business Confidence

(No Units)

-5

Manufacturing PMI

Index Points

51.1

Ease of Doing Business

(No Units)

51

Competitiveness Rank

(No Units)

43

Corruption Rank

(No Units)

119

Consumer Confidence

(No Units)

-19

Consumer Spending

USD million/billion

113.711 billion

Bank Lending Rate (Consumers)

%

12.53

Corporate Tax Rate

%

20

Sales Tax Rate

%

18

            

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message