Russia’s Medtech Revolution

Imperfectly clumped together with other BRICs – a term that is now falling rapidly out of favor as the differences between these four “founder” emerging economies become more defined – Russia is something of a conundrum. It is an emerging market, with an aging population, a chronic disease burden, and low life expectancies. But 68% of its population of 143 million is classified as middle class (interestingly, the population rose in 2013 for the first time since the collapse of the Soviet Union), it has a highly educated workforce, and its GDP is among the highest of the emerging markets.