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 medical device 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. Following the removal of most sanctions in Q116, we expect a n import rise in 2016, but 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 maintain 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 USD1.1bn in 2019. The lower US dollar growth rate reflects the depreciation of the rial.

  • We expect the market to 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 decreased by 14.5% y-o-y in US dollar terms to USD153.7mn in the three months to April 2016, but rose by 7.2% to USD863.9mn in the 12 months to April 2016.

  • We anticipate exports will remain low and fluctuate considerably. Exports decreased by 42.6% y-o-y in US dollar terms to USD0.9mn in the three months to April 2016, and fell by 40.9% in US dollar terms to USD6.1mn in the year to April 2016.

  • Second Sight Medical Products' expansion into Iran will contribute to orthopaedics & prosthetics market growth. The company announced in July 2016 plans to expand into Iran with Arshia Gostar Darman through exclusive agreements to distribute the Argus II Retinal Prosthesis System (Argus II).

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
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
13
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
17
Bandages & Dressings
17
Suturing Materials
18
Syringes, Needles & Catheters
18
Other Consumables
18
Table: Consumables Market, 2009-2019 (USDmn)
19
Table: Consumables Market, 2010-2019 (USDmn % Change)
20
Diagnostic Imaging Market Forecast
22
Latest Updates
22
Structural Trends
22
Electrodiagnostic Apparatus
23
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
24
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
25
Dental Products Market Forecast
27
Latest Updates
27
Structural Trends
27
Capital Equipment
27
Instruments & Supplies
28
Table: Dental Products Market, 2009-2019 (USDmn)
28
Table: Dental Products Market, 2010-2019 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
31
Latest Updates
31
Structural Trends
31
Fixation Devices
31
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
33
Patient Aids Market Forecast
34
Latest Updates
34
Structural Trends
34
Portable Aids
34
Therapeutic Appliances
35
Table: Patient Aids Market, 2009-2019 (USDmn)
35
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
37
Latest Updates
37
Structural Trends
38
Table: Other Medical Devices Market, 2009-2019 (USDmn)
39
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
46
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
62
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
63
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
65
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2014
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
72
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
75
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
78
Industry Risk/Reward Index
79
Table: MEA Medical Device Risk/Reward Index, Q316
80
Market Overview
81
Medical Device Market Overview
81
Table: Medical Device Market, Key Ratios, 2015
81
Table: Medical Device Market By Product Area, 2015
82
Healthcare Overview
82
Health Status
82
Healthcare System
84
Healthcare Funding
86
Healthcare Resources
86
Healthcare Activity
88
Healthcare Personnel
88
Key Healthcare Data
89
Table: Key Healthcare Data, 2010-2015
89
Industry Trends And Developments
91
Industry Trends & Developments
91
Regulatory Development
98
Medical Device Regulations
98
Competent Authority
98
Regulation
98
Used & Refurbished Medical Devices
98
Medical Device Pricing & Reimbursement
99
Competitive Landscape
100
Domestic Medical Device Manufacturing
100
Manufacturing
100
Research & Development
100
National Medical Device Manufacturers
101
Bandhaye Pezeshki Iran (BPI)
101
Behzisty Coop
101
East Advanced Medical
102
Farafan Eng
102
Soha
103
Supa Medical Devices
103
Multinational Medical Device Manufacturers
104
Sifra
104
Multinational Market Activity
105
Becton Dickinson
105
Philips Healthcare
105
Medical Device Market Access
106
Market Environment
106
Distribution
106
Trade Association
106
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.