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Iran Medical Devices Report Q2 2016

Iran Medical Devices Report Q2 2016

BMI View: Iran will remain an attractive market in the region due to its large size, but it will register lowgrowth in US dollar terms, due to the depreciation of the rial. With a deal over the country's nuclearactivity reached in July 2015, the easing of international sanctions should see a rise in imported medicaldevices into Iran during 2016. We do not expect a sharp rise, however, as import growth will likely betempered by lower oil prices and the country's lack of investment over the past decade.

Latest Updates and Key Forecasts

We forecast that the market will expand by a 2014-2019 CAGR of 4.7% in US dollar terms, down from a2009-2014 CAGR of 5.6%, taking the value to USD1,110.2mn in 2019. The much lower US dollargrowth rate reflects the continued forecasted depreciation of the rial, as the currency remains sensitive todevelopments in nuclear negotiations in the coming quarters.

The market will remain import reliant, despite the manufacture of products such as syringes, needles &catheters, dental instruments & fittings and orthopaedics. The latest collated monthly mirror trade datashow that imports in the three months to August 2015 grew by 8.1% in US dollar terms to USD239.1mn.Imports in the year to August 2015 rose by 3.7% in US dollar terms to USD834.7mn.

Exports will remain low and fluctuate considerably. The latest collated monthly mirror trade data showthat exports decreased by 45.2% in US dollar terms to USD1.3mn in the three months to August 2015. Incomparison, exports in the year to August 2015 rose by 15.8% in US dollar terms to USD9.3mn.

The lifting of almost all sanctions on Iran's economy during 2016 will herald a new era for the countryand see substantial growth rates over the coming decade. There will be a notable immediate impact on theoil market, benefitting the economy. Over the long-term, Iran's healthcare market will benefit fromgreater multinational interest as foreign manufacturers will look to expand their business operations.


BMI Industry View
Table: Projected Medical Device Market, 2014-2019
Latest Updates and Key Forecasts
SWOT
Medical Device Market
Industry Forecast
Medical Device Market Forecast
Latest Updates
Structural Trends
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2009-2019 (USDmn)
Table: Consumables Market, 2010-2019 (USDmn % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
Dental Products Market Forecast
Latest Updates
Structural Trends
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2009-2019 (USDmn)
Table: Dental Products Market, 2010-2019 (USDmn % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2009-2019 (USDmn)
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2009-2019 (USDmn)
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2014
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Export Trends By Product Area, 2014
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
Industry Risk/Reward Index
Table: MEA Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Healthcare System
Healthcare Funding
Healthcare Resources
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Industry Trends & Developments
Regulatory Development
Medical Device Regulations
Competent Authority
Regulation
Used & Refurbished Medical Devices
Medical Device Pricing & Reimbursement
Competitive Landscape
Domestic Medical Device Manufacturing
Manufacturing
Research & Development
National Medical Device Manufacturers
Multinational Medical Device Manufacturers
Multinational Market Activity
Table: Multinational Market Activity, 2016
Medical Device Market Access
Market Environment
Distribution
Trade Association
Trade Shows
Methodology
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Table: Medical Devices Risk/Reward Index Indicators
Sources
Contact

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