Iran Medical Devices Report

Published 04 August 2015

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Iran Medical Devices Report

BMI Industry View: 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 however, as the growth of imports will likely be tempered by lower oil prices.

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 the year ending in December 2014 grew by 8.3%, reaching USD792.2mn.

  • 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 December 2014 rose by 66.0% to USD10.3mn.

Headline Industry Risk/Reward Index

  • Iran is the seventh least attractive market in the Middle East and Africa region in which to commercialise a medical device, according to BMI's Medical Device Risk/Rewards Index. The country's overall score for Q315 is 47.9 out of 100, up from 46.1 for Q215. This compares to a regional average of 49.8 for the 14 key markets covered, down slightly from the 49.4 for Q215.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
24
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2013
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, June 2012 -December 2014 (USDmn)
62
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
70
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2013
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, June 2012 - December 2014 (USDmn)
85
Macroeconomic Forecasts
87
Economy To Grow Again On Sanctions Relief
87
Table: Economic Activity (Iran 2010-2019)
93
Table: GDP By Expenditure (Iran 2012-2019)
93
Industry Risk/Reward Index
95
Table: MEA Medical Device Risk/Reward Index, Q315
96
Market Overview
97
Medical Device Market Overview
97
Table: Medical Device Market, Key Ratios, 2013
98
Table: Medical Device Market By Product Area, 2013
98
Healthcare Overview
99
Health Status
99
Healthcare System
100
Healthcare Funding
102
Healthcare Resources
102
Healthcare Activity
103
Healthcare Personnel
104
Key Healthcare Data
104
Table: Key Healthcare Data, 2009-2014
104
Industry Trends And Developments
107
Industry Trends & Developments
107
Regulatory Development
114
Medical Device Regulations
114
Competent Authority
114
Regulation
114
Used & Refurbished Medical Devices
114
Medical Device Pricing & Reimbursement
115
Competitive Landscape
116
Domestic Medical Device Manufacturing
116
Manufacturing
116
Research & Development
116
National Medical Device Manufacturers
117
Multinational Medical Device Manufacturers
120
Multinational Market Activity
120
Table: Multinational Market Activity, 2015
120
Medical Device Market Access
121
Market Environment
121
Distribution
121
Trade Association
121
Trade Shows
122
Methodology
123
Forecast Methodology
123
Trade Code Classifications
124
Table: Used HS Trade Codes
124
Table: Rearranged HS Trade Codes
126
Risk/Reward Index Methodology
129
Table: Medical Devices Risk/Reward Index Indicators
130
Sources
132
Contact
133

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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