Iran Medical Devices Report

Published 27 March 2015

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$1,295.00
Iran Medical Devices Report

BMI Industry View: The Iranian medical device market ranks fifth in the Middle East and Africa (MEA) , valued at USD 832.5mn. Per capita expend iture, however, is the sixth low est in the MEA, at USD 11. The market looks set to expand at a solid 9.1% CAGR to 2018, but this growth could be affected if relations with the world's leading economies fall through over the country's nuclear enrichment policies.

Headline Industry Forecasts

  • In 2013, Iran's medical device market was estimated to be worth USD832.5mn. However, per capita expenditure is very low, at USD11. The market is projected to grow by a relatively moderate CAGR of 9.1% in US dollar terms, taking the market to USD1,284.3mn by 2018. Per capita spending is not expected to rise strongly over the same period.

  • Medical device imports account for around 90% of the market, despite the manufacture of basic consumables such as syringes, needles & catheters, dental instruments & fittings and orthopaedics. Imports were valued at USD741.7mn in 2013, a rise of 0.4% in US dollar terms over the previous year. A large proportion of imports (67.1%) were procured from suppliers from the European Union (EU-27). Based on the latest collated monthly data, imports to year ending in September 2014 grew by 14.4%, reaching USD800.9mn.

  • Iran is not a major exporter of medical devices, therefore export performance tends to fluctuate considerably. In US dollar terms, exports fell by 21.1% over the previous year to USD7.6mn in 2013. Exports had a negative 3.9% CAGR from 2008-2013. Based on the latest collated monthly data, exports to the year ending in September 2014 rose by 6.7% to USD6.3mn.

Headline Industry Risk/Reward Index

  • Iran is the seventh least attractive market in the Middle East and Africa (MEA) region in which to commercialise a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). The country's overall score for Q215 is 46.1 out of 100, up from 42.8 for Q115. This compares to a...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
18
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
23
Table: Consumables Market, 2008-2018 (USDmn)
23
Table: Consumables Market, 2009-2018 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
27
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
28
Dental Products Market Forecast
30
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (USDmn)
30
Table: Dental Products Market, 2009-2018 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
34
Patient Aids Market Forecast
36
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2008-2018 (USDmn)
36
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (USDmn)
39
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, March 2012 -September 2014 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
69
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
80
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, March 2012 - September 2014 (USDmn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Table: Economic Activity (Iran 2010-2019)
92
Industry Risk/Reward Index
93
Table: MEA Medical Device Risk/Reward Index, Q215
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
98
Healthcare Funding
100
Healthcare Resources
100
Healthcare Activity
101
Healthcare Personnel
102
Key Healthcare Data
102
Table: Key Healthcare Data, 2009-2014
102
Industry Trends And Developments
105
Industry Trends & Developments
105
Regulatory Development
111
Medical Device Regulations
111
Medical Device Pricing & Reimbursement
111
Competitive Landscape
112
Domestic Medical Device Manufacturing
112
Manufacturing
112
Research & Development
112
National Medical Device Manufacturers
113
Multinational Medical Device Manufacturers
116
Multinational Market Activity
116
Table: Multinational Market Activity, 2015
116
Medical Device Market Access
117
Market Environment
117
Distribution
117
Trade Association
117
Trade Shows
118
Methodology
119
Forecast Methodology
119
Trade Code Classifications
120
Table: Used HS Trade Codes
120
Table: Rearranged HS Trade Codes
122
Risk/Reward Index Methodology
125
Table: Medical Devices Risk/Reward Index Indicators
126
Sources
128
Contact
129

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.

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