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Published byMinaya Mammadzada Modified over 6 years ago
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Genicon A Surgical Strike into Emerging Markets
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BACKGROUND GENICON, founded in 1998 in Orlando, FL by Gary Haberland, began as an Original Equipment Manufacturer and produced products for larger medical device firms with their own brand labeling.
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OVERVIEW Haberland knew that GENICONs success had come from its international distribution strategy; he also knew that the minimally invasive surgery (MIS) device market in the U.S. was the largest in the world but international markets were expected to grow at a much faster rate.
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INDIA India is the fastest growing country in terms of population growth.
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CHINA China has become the world’s second largest market for medical devices imports at 12.6BN and is expected to grow at an avg of 20% for the next three years
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BRAZIL Brazil is Latin America’s largest medical device market and the B.R.I.C. countries second largest market valued at 3BN.
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RUSSIA Russia represents the smallest medical device market and population of all the B.R.I.C. countries.
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