“In three to five years, the Otto Bock business in Romania could amount to €4-5 million, given the market potential and the evolution on other Eastern European markets, where the company has opened branches,” Otto Bock Romania’s General Manager, Ionut Savescu, told Business Standard.
For 2008, the company estimates €1.5 million worth of business, as the level of state subsidies for medical devices is low in Romania. The maximum level of subsidies provided by the National House for Health Insurance (CNAS) is €800, while a modern prosthesis costs €4,500-5,000.
The local market of medical devices for persons with disabilities is worth some €26 million. Among Otto Bock’s competitors are producers Ossur, Streiffeneder, Medi, none of which have subsidiaries in Romania.
