Iran Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Iran Medical Devices Report
Product Price
$1,295.00

BMI View: Iran will remain an attractive market in the region due to its large size, but it will register low growth in US dollar terms, due t o the depreciation of the rial. With a deal over the country's nuclear activity reached in July 2015, the easing of international sanctions should see a rise in imported medical devices into Iran over the coming months. We do not expect a sharp rise, howev er, as import growth will likely be tempered by lower oil prices and the country's lack of investment over the past decade .

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 883.9 11.3 22,831,976.9 290,963.6 25,831.0
2015 865.0 10.9 26,815,016.2 337,396.3 31,000.0
2016 871.7 10.8 31,380,437.5 390,012.0 36,000.0
2017 945.5 11.6 35,928,080.9 441,253.9 38,000.0
2018 1,013.6 12.3 40,544,168.3 492,280.1 40,000.0
2019 1,110.2 13.3 46,628,568.3 559,973.3 42,000.0

Latest Updates and Key Forecasts

  • We forecast that the market will expand by a 2014-2019 CAGR of 4.7% in US dollar terms, down from a 2009-2014 CAGR of 5.6%, taking the value to USD1,110.2mn in 2019. The much lower US dollar growth rate reflects the continued forecasted depreciation of the rial, as the currency remains sensitive to developments in nuclear negotiations in the coming quarters.

  • The market will remain import reliant, despite the manufacture of products such as syringes, needles & catheters, dental instruments & fittings and orthopaedics. The latest collated monthly mirror trade data show that imports in Q215 grew by 2.0% in US dollar terms to USD199.1mn. Imports to the year to June 2015 experienced higher single digit growth, rising by 6.8% in US dollar terms to USD820.7mn.

  • Exports will remain low and fluctuate considerably. The latest collated monthly mirror trade data show that exports decreased by 26.8% in US dollar terms to USD1.4mn in the three months to June 2015. In comparison, exports to the year to June 2015 rose by 47.2% in US dollar terms to USD10.5mn.

  • In November 2015, the Minister of Industry, Mines and Trade, Mohammad Reza Nematzadeh, announced that Iran is looking to expand its mutual trade ties with Germany, particularly Bavaria. The co-operation covers various sectors, including medical devices. We note that Germany is one of the leading suppliers, behind only the Netherlands, with around a 15% share.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 200-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
33
Table: Dental Products Market, 2010-2019 (USDmn % Change)
34
Orthopaedics & Prosthetics Market Forecast
36
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
37
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
38
Patient Aids Market Forecast
39
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
40
Other Medical Devices Market Forecast
42
Table: Other Medical Devices Market, 2009-2019 (USDmn)
43
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
44
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
53
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
55
Table: Detailed Medical Device Import Trends By Product Area, 2014
58
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
61
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, November 2012 -May 2015 (USDmn)
64
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
72
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
80
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
83
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, November 2012 - May 2015 (USDmn)
87
Macroeconomic Forecasts
89
Economy To Grow Again On Sanctions Relief
89
Table: Economic Activity (Iran 2010-2019)
95
Table: GDP By Expenditure (Iran 2012-2019)
95
Industry Risk/Reward Index
97
Table: MEA Medical Device Risk/Reward Index, Q415
98
Market Overview
99
Medical Device Market Overview
99
Table: Medical Device Market, Key Ratios, 2014
100
Table: Medical Device Market By Product Area, 2014
100
Healthcare Overview
101
Health Status
101
Healthcare System
102
Healthcare Funding
104
Healthcare Resources
104
Healthcare Activity
105
Healthcare Personnel
106
Key Healthcare Data
106
Table: Key Healthcare Data, 2009-2014
106
Industry Trends And Developments
109
Industry Trends & Developments
109
Regulatory Development
113
Medical Device Regulations
113
Competent Authority
113
Regulation
113
Used & Refurbished Medical Devices
113
Medical Device Pricing & Reimbursement
114
Competitive Landscape
115
Domestic Medical Device Manufacturing
115
Manufacturing
115
Research & Development
115
National Medical Device Manufacturers
116
Multinational Medical Device Manufacturers
119
Multinational Market Activity
119
Table: Multinational Market Activity, 2015
119
Medical Device Market Access
120
Market Environment
120
Distribution
120
Trade Association
120
Trade Shows
121
Methodology
122
Forecast Methodology
122
Trade Code Classifications
123
Table: Rearranged HS Trade Codes
124
Risk/Reward Index Methodology
127
Table: Medical Devices Risk/Reward Index Indicators
128
Sources
130
Contact
131

The Iran Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Iran provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Iran Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Iran, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Iran.
  • Target Business Opportunities in the Iran Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Iran.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.