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Peculiarities of the Ukrainian medical device market

Author

Listed:
  • Viktor Chuzhykov

    (Kyiv National economic university "Vadym Hetman" (Ukraine))

  • Areg Movsesyan

    (Kyiv National economic university "Vadym Hetman" (Ukraine))

Abstract

The Ukrainian medical device market is gradually following the path of harmonization with the market of the European Union. Although there was a number of amendments to the Ukrainian regulations in accordance with the existing European directives, the overall legislative part is probably the simplest portion of the homework. To bring the state of the market up to the next level the government of Ukraine will need to take a new and reformatory approach in dealing with the peculiarities of this industry, consisting mostly of out-of-date equipment, shortage of high-value devices, general poor treatment conditions in state clinics and many more. Considering the above-mentioned, scrutiny of current market issues is a key means of identifying and prioritizing critical points that require repair actions.

Suggested Citation

  • Viktor Chuzhykov & Areg Movsesyan, 2020. "Peculiarities of the Ukrainian medical device market," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 25-37.
    • Handle: RePEc:dat:bmngmt:y:2020:i:2:p:25-37
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    File URL: http://hdl.handle.net/10610/4336
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    References listed on IDEAS

    as
    1. Gianluca Baio & Laura Magazzini & Claudia Oglialoro & Fabio Pammolli & Massimo Riccaboni, 2005. "Medical Devices: Competitiveness and Impact on Public Health Expenditure," Working Papers CERM 05-2005, Competitività, Regole, Mercati (CERM).
    2. Andreas Kirisits & W. Redekop, 2013. "The Economic Evaluation of Medical Devices," Applied Health Economics and Health Policy, Springer, vol. 11(1), pages 15-26, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    medical equipment; medical device market; Ukraine; trends; current issues;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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