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Iran Pharmaceuticals & Healthcare Q4 2006Published by: Business Monitor International Published: Nov. 1, 2006 - 57 Pages Table of Contents
AbstractIran has a large and predominantly young population, which should be instrumental in driving the expansion of the pharmaceutical market over the coming years. BMI expects the value of the drug market to reach US$1.93bn by 2010. Drug prices, which are still among the lowest in the region, are rising as domestic companies seek to boost revenue. Domestic output accounted for around 90% of the country's requirements in 2005. Government support for privatisation should also help the drug market improve, whilst making local manufacturers more efficient. All state-owned companies that import medicines are required to be privatised and terminate their activities by March 2007. In the past, all drug imports came through four state-owned companies, with local distribution undertaken by six government firms. At present, foreign drugmakers can import drugs through local offices, although the government still greatly favours local producers. All drug imports have to be approved by the Ministry of Health (MoH). BMI's adjusted Business Environment Rankings for the Middle East & Africa reveal that Iran is in 12th place, ahead only of Nigeria and Zimbabwe. This is primarily due to political and economic uncertainty in the country, coupled with poor intellectual property standards. However, Iran's market is experiencing robust growth, although the dominant position of local manufacturing provides a substantial obstacle to investment. Iranian drug exports are growing, led by demand from close regional neighbours. Two markets that are increasing in importance are Iraq and Afghanistan as these countries' economies begin to slowly recover from the effects of war. Afghanistan is currently Iran's largest drug export partner. Local player Iran Pharmaceutical Development and Investment Company IPDC) has yet to see sales return to pre-war levels. Future export growth will concentrate on the former Soviet sates in Central Asia, and the potentially lucrative African market. Meanwhile, Oman and Iran are planning to increase their co-operation in the field of healthcare, which could see a rise in exports from Iran to Oman. Key Benefits of ReportRely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning. Target Business Opportunities & Risks hrough our reviews of latest industry trends, regulatory changes, and major deals, projects and investments Exploit Latest Competitive Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multinational and national companies. Get Full Details About This Report >> |
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