Abstract
The demand for medical devices is constantly growing all over the world. However, most managers of healthcare technology and medical devices tend to neglect the growing markets of middle- and low-income countries. A thorough analysis of the growing and aging population in these countries, the income distribution and the improving social protection demonstrates that there is a demand for simple and cheap as well as for sophisticated devices with a huge market in these countries. Enterprises producing medical devices should focus on the needs and preferences of people in low- and lower-middle-income countries. They need to get acquainted to the specifics of cultures and markets and start cooperation and joint ventures soon—otherwise they will lose these markets.
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Notes
- 1.
Statistics of this chapter are—if not mentioned differently—based on the most recent World Development Indicators published by the World Bank.
- 2.
World Bank Atlas Method.
- 3.
The availiability of these statistics in international data bases is limited, i.e. figures must be taken with caution.
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Fleßa, S. (2022). Medical Devices in Low- and Middle-Income Countries. In: Boccato, C., Cerutti, S., Vienken, J. (eds) Medical Devices. Research for Development. Springer, Cham. https://doi.org/10.1007/978-3-030-85653-3_12
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DOI: https://doi.org/10.1007/978-3-030-85653-3_12
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