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 to 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 during 2016 . We do not expect a sharp rise, however, 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 the three months to August 2015 grew by 8.1% in US dollar terms to USD239.1mn. Imports in the year to August 2015 rose by 3.7% in US dollar terms to USD834.7mn.

  • Exports will remain low and fluctuate considerably. The latest collated monthly mirror trade data show that exports decreased by 45.2% in US dollar terms to USD1.3mn in the three months to August 2015. In comparison, exports in the year to August 2015 rose by 15.8% in US dollar terms to USD9.3mn.

  • The lifting of almost all sanctions on Iran's economy during 2016 will herald a new era for the country and see substantial growth rates over the coming decade. There will be a notable immediate impact on the oil market, benefitting the economy. Over the long-term, Iran's healthcare market will benefit from greater multinational interest as foreign manufacturers will look to expand their business operations.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates and Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
20
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
25
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
36
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
37
Other Medical Devices Market Forecast
38
Latest Updates
38
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
59
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
63
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
64
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
66
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Detailed Medical Device Export Trends By Product Area, 2014
70
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
73
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
76
Monthly Medical Device Exports
79
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
79
Industry Risk/Reward Index
80
Table: MEA Medical Device Risk/Reward Index, Q216
81
Market Overview
82
Medical Device Market Overview
82
Table: Medical Device Market, Key Ratios, 2014
82
Table: Medical Device Market By Product Area, 2014
83
Healthcare Overview
83
Health Status
83
Healthcare System
85
Healthcare Funding
87
Healthcare Resources
87
Healthcare Activity
89
Healthcare Personnel
89
Key Healthcare Data
90
Table: Key Healthcare Data, 2010-2015
90
Industry Trends And Developments
92
Industry Trends & Developments
92
Regulatory Development
96
Medical Device Regulations
96
Competent Authority
96
Regulation
96
Used & Refurbished Medical Devices
96
Medical Device Pricing & Reimbursement
97
Competitive Landscape
98
Domestic Medical Device Manufacturing
98
Manufacturing
98
Research & Development
98
National Medical Device Manufacturers
99
Multinational Medical Device Manufacturers
102
Multinational Market Activity
103
Table: Multinational Market Activity, 2016
103
Medical Device Market Access
105
Market Environment
105
Distribution
105
Trade Association
105
Trade Shows
106
Methodology
107
Forecast Methodology
107
Trade Code Classifications
108
Table: Rearranged HS Trade Codes
109
Risk/Reward Index Methodology
112
Table: Medical Devices Risk/Reward Index Indicators
113
Sources
115
Contact
116

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.