Impact of the COVID-19 Pandemic on Medical Devices Market and Medical Services Market of the Eurasian Economic Union Member States (EAEU)

The spread of coronavirus infection has become a trigger mechanism for global economic shocks for almost all industries, especially for the medical sector. The health care system, pharmaceutical industry enterprises, the market of medical services, and manufacturers of medical devices are known to have experienced the greatest burden. Despite all the contradictions, such as control and restrictive measures, disagreements on models of combating coronavirus, restrictions related to the border closure, transport links, etc., the EAEU countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) have shown an example of timely response and counteraction to the spread of COVID-19 pandemic. At the same time, Russia acted as a guarantor and basis for the economic well-being of the entire Eurasian economic entity. Based on all abovementioned, there is a necessity to consider detailed current changes in the markets of medical devices and medical services in the Eurasian Economic Union countries and, in particular, in the Russian Federation, what is considered to be the object of the research. The latest data on the market of medical devices and services, legislative acts, theoretical and methodological developments in the field of evolutionary and institutional economics were used in the research. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Conference proceedings
Publisher
Springer Science and Business Media Deutschland GmbH
Language
English
Pages
123-131
Status
Published
Volume
368 LNNS
Year
2022
Organizations
  • 1 Peoples’ Friendship University of Russia, (RUDN University), Moscow, Russian Federation
Keywords
Coronavirus pandemic; COVID-19; Dynamics and volume of the medical device market; Medical device manufacturing; Medical device market; Medical services market
Date of creation
06.07.2022
Date of change
06.07.2022
Short link
https://repository.rudn.ru/en/records/article/record/84277/
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