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Medical Device Market in Iran Expected to Rise Steadily Over the Next Few Years

Posted on: Tuesday, 3 April 2007, 03:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c53151) has announced the addition of The Medical Device Market: Iran to their offering.

Government investment has resulted in an improved health sector in Iran, with modernised services and facilities being built annually. Ownership of hospitals is evenly split between the public and private/charity sectors but can be fragmented due to lack of co-ordination between agencies. A series of Development Plans, spanning consecutive five-year periods from 1990, have aimed to rejuvenate Iran's health sector by raising hospital bed and personnel numbers, building primary healthcare facilities, improving family planning and immunisation rates, focusing on care of the elderly and prevention of non-communicable diseases, reforming the state medical insurance scheme and social welfare systems in addition to attracting foreign investment. However, there is no firm evidence of the success of these measures.

Iran's medical device market appears to have no coherent regulatory framework and Iranian buyers are very thorough in evaluating products for purchase. It is therefore advised that overseas firms appoint a local distributor to undertake negotiations as they are aware of the most convenient method of doing business. Foreign firms, especially US-based companies, find it difficult to operate in Iran due to tense international relations and find themselves distributing their products via these agents, or even via neighbouring countries such as the UAE. Local agents represent companies from as far afield as Denmark, Germany, Japan, New Zealand, Switzerland, the UK and the US. Alternatively, companies can operate from the Kish Island Free Trade Zone, where 100% foreign ownership is permitted. Major government contracts are made through tenders issued by the relevant ministry.

Despite having a population larger than the UK, the Iranian market for medical devices is relatively small, especially in per capita terms. The market is expected to rise steadily over the next few years, due to both continued investment in the healthcare system and low levels of domestic production resulting in reliance on imported goods.

Continued healthcare investment may prove to be an opportunity for the Iranian medical device market. However, foreign investment and international aid could now be in jeopardy with the restarting of the controversial nuclear development programme. The creation of a coherent regulatory framework and the clarification of procedures could attract investors. Expansion of domestic production capabilities would also boost the market and lessen Iran's reliance on overseas imports. Imports account for at least 95% 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$255.2 million in 2004, with Germany and the UK being the leading suppliers. Electromedical equipment, X-ray apparatus and orthopaedic & prosthetic appliances were the most significant import sectors.

GEOGRAPHY

Map of Iran

POLITICAL OVERVIEW

ECONOMIC OVERVIEW

Economic Indicators, 1995-2012

POPULATION

Estimated Population, 1999-2005 (000s)

Population by Province, 2005

Population by Age, 1986-1996

Key Indicators, 1999-2004

MoH Vaccinations by Type, 1986-2004 (000s)

MORTALITY

MORBIDITY

Infectious Diseases by Type, 1997-2001

CHARTS

Population, 1980-2005 (million)

Population by Age, 1996 Census (%)

Infant Mortality Rate, 1992-2003 (Per Thousand Live Births)

ORGANISATION & ADMINISTRATION

HEALTH EXPENDITURE

Average Annual Household Net Expenditure on Medical Care & Health Services, 1986-2001 (Rials)

HOSPITAL SERVICES

Hospitals by Operator, 1986-2004

Medical Establishments by Specialty, 1999-2004

Beds by Operator, 1986-2003

AMBULATORY CARE

Health & Treatment Centres by Operator, 1986-2003

Health Homes in Rural Areas, 1996-2001

Rehabilitation Homes by Operator, 1986-2003

Pharmacies by Operator, 1986-2004

MEDICAL PERSONNEL

Physicians, 1996-2004

MoH Physicians by Specialty, 1999-2004

Nurses, 1996-2001

Other Medical Professionals, 1986-2003

CHARTS

Healthcare Expenditure as Percentage of Total Expenditure, 1997-2003

INTRODUCTION

TRADE FAIRS

DISTRIBUTORS

AL AMIN MEDICAL INSTRUMENTS COMPANY (IRAN)

ARMAN SETAD COMPANY

ARSHIA CROWN TEB

AT-T COMPANY (ATIYEH FAN TAKVIN)

B.N.M.TRADING

DOUST YAD SAEED

FARNAD TEB NOVIN

IDEA (INDUSTRIAL DEVELOPMENT BY ELECTRONIC APPLICATION)

IRANBAT TRADING

MALEKAN

MEDICAL IRAN TOMEL

MOHSEN SHALCHILAR & BROS

PERSIA THERAPEUTICS

SAZGAN GOSTAR

TADJHIZ GOSTAR

TARA TEB

VERTON

DOMESTIC PRODUCTION

Domestic Producers

Bandhaye Pezeshki Iran (BPI

Behzisty Coop. Co.

East Advanced Medical Pvt. Ltd Co

Farafan Eng. Co.

Sifra

Soha

Supa Medical Devices

DIRECTORY

Healthcare Organisations

Hospitals

Manufacturers

For more information visit http://www.researchandmarkets.com/reports/c53151

Source: Espicom Business Intelligence

Source: Business Wire

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