The Medical Device Market: Iran

The Medical Device Market: Iran

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Iran's real GDP growth is expected to decline by 2.3% in 2013; BMI does not forecast that the economy will return to higher growth until 2014. Several factors are behind this decline: the impact of international sanctions; the weakening of domestic currency, the rial; and increasing inflationary pressures.

In 2013, Iran's medical device market is estimated to be worth US$766.5mn; however, the market size per capita is very low, at US$10. The market is projected to grow by a low CAGR of 1.3% in US dollar terms, taking the market to US$819.4mn by 2018. Per capita spending is not expected to rise strongly over the same period.

Imports account for around 90% of the market, despite the manufacture of basic consumable items such as syringes, needles & catheters, dental instruments & fittings and orthopaedic appliances. Imports were valued at US$719.4mn in 2012. A large proportion of imports (67.6%) were procured from suppliers from the European Union (EU-27), with the Netherlands and Germany being the leading suppliers. Diagnostic imaging apparatus and consumables were the most significant import sectors.

Iran's medical device market is regulated by the Medical Equipment Department within the Ministry of Health and Medical Education. Regulatory requirements for medical devices are outlined in the Medical Cure and Medical Education Act; they are classified into four categories, depending upon their degree of risk. This classification structure is comparable to the one used in the EU. Post-approval, the General Department for Medical Equipment is charged with market vigilance. That said, Espicom recommends that overseas firms appoint a local agent with knowledge of relevant procedures.

In May 2012, General Director of the Food and Medicine Organisation Saeed Shahmorandi claimed that Iran was self-sufficient in terms of production of disposable medical devices such as syringes, and the government claimed that there were 294 domestic manufacturers of medical equipment in operation. The government reinforced this image of near-self-sufficiency in May 2013, with its first Iranian laboratory equipment and medical device exhibition.

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Table of Contents

Espicom Industry View
Espicom Industry View
SWOT
Medical Device Market
Political
Economic
Business Environment
Industry Forecast
Medical Device Market Forecast
Past Performance 2008-2013
Future Performance 2013-2018
Table: Projected Medical Device Market, 2013-2018
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% of Total)
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
Consumables Market Forecast
Table: Consumables Market, 2008-2018 (US$mn)
Table: Consumables Market, 2008-2018 (US$ Per Capita)
Table: Consumables Market, 2009-2018 (US$mn % Change)
Diagnostic Imaging Market Forecast
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
Dental Products Market Forecast
Table: Dental Products Market, 2008-2018 (US$mn)
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
Table: Dental Products Market, 2009-2018 (US$mn % Change)
Orthopaedics & Prosthetics Market Forecast
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
Patient Aids Market Forecast
Table: Patient Aids Market, 2008-2018 (US$mn)
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
Other Medical Devices Market Forecast
Table: Other Medical Devices Market, 2008-2018 (US$mn)
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
Annual Medical Device Imports
Iran Medical Devices Report Q1

Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
Table: Detailed Medical Device Import Trends By Product Area, 2012
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, December 2010-June 2013 (US$mn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
Table: Detailed Medical Device Export Trends By Product Area, 2012
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, December 2010-June 2013 (US$mn)
Macroeconomic Forecasts
Economic Analysis
Table: IRAN - ECONOMIC ACTIVITY
Industry Risk Reward Ratings
Industry Risk Reward Ratings
Table: BMI Espicom's Analysis Of The Medical Device Market, 2013
Market Overview
Medical Device Market Overview
Overview
Table: Medical Device Market, Key Ratios, 2013
The Market In 2013