BMI View: The Iraqi medical device market will benefit from the reconstruction of Iraq's damagedinfrastructure and the recapture of Mosul by the Iraqi army, which will support economic growth, althougheconomic activity will experience a slowdown in 2017 as oil production falls. As there is very little domesticproduction, the market will remain heavily reliant on imports. The political outlook will contain importgrowth over the forecast period.
Latest Updates And Key Forecasts
We maintain our forecast that the market will expand by a 2015-2020 CAGR of 10.8% in local currencyterms, which should see it rise to IQD505.2bn in 2020. In US dollar terms, the market will expand by a2015-2020 CAGR of 10.3%.