The current market situation of the medical sector Iran and its huge financial opportunities for the German pharmaceutical and medical equipment industry.
The state of the art Iranian medical system goes back over 100 years ago with the launch of the first modern pharmacy by German, Austrian and French pharmacists in Tehran. The pharmaceutical consumption in Iran are within the top 20 countries and are ranked 3rd in Asia after Japan and China. Beside its relatively huge population of 77 million people and its high drug consumption, Iran is one of the major global market players at the southern coast of the Persian Gulf. Due to the decade lasted sanction the outdated healthcare system of Iran is now an extraordinary market opportunity for investments.
Years of modern Medical System in iran
highest consumption of medicine in asia
% p.a. growth rate of the medical market
Million US dollars of Irans medical sector value (2014)
The Middle Eastern market is the fastest growing pharmaceutical market in the world with a market growth rate of 11% p.a. With a market value of 2.35 billion US dollars (2014) Iran is among the top four. Iran has a high level of exports of generic drugs in the region, an industry that is heavily reliant on imports of raw material. This makes Iran an attractive market for German and international pharmaceutical companies.
Since Iran is trying to improve heavily its healthcare system, the medical equipment market of Iran has an approximated annual turnover of 500 million US dollars.
anual medical equipment market turnover
Iranies are sharing 1 dentist
Tsd. US dollars of imported artificial teeth
Tsd. US dollars of tooth radiography equipment
Tsd. US dollars of autoclaves
For every 1.000 people Iran has only 0.03 dentists. Therefore the government is trying to increase the dentistry coverage in Iran. The dentistry market of Iran is heavily reliant on imports for its equipment as Iran imported $950 thousand of artificial teeth, $8.3 million of tooth radiography equipment, $2.9 million of autoclaves, $1.1 million of dental drill engines, $680 thousand of syringe needles and dental injection needles, $400 thousand of electric dental scaler (cavitron), $450 thousand of other dental equipment (March 2015-2016).
Tsd. US dollars of dental drill engines
Tsd. US Dollar of syringe needles and dental injection needles
Tsd. US dollars of electric dental scaler (cavitron)
Tsd. US dollars of other dental equipment
The figure from 2015 shows that Iran has 135 thousand hospital beds and 5000 Intensive Care Unit (ICU) beds. Most of them are estate owned – 80% of the hospitals in Iran are owned by the government. The government of Iran is encouraging the private health sector to invest 5.7 billion US dollars in its infrastructure. They are planning to create 80,000 new hospital beds in Iran.
Tsd. hospital beds
Tds. Intensive Care Unit (ICU) beds
% government owned beds
Million investment in the private health sectore
Tsd. planed new private hosptial beds