The Iranian medical equipment market with a value of $ 832.5 billion has been ranked fifth in the Middle East and Africa. This is while the per capital medical equipment cost in country worth $ 11 is in sixth place from the end in region. Of course, the market is expected to expand at a fixed annual growth rate of 1.9% by 2018; at the same time, it should not be forgotten that this growth rate is likely to be influenced by Iran’s relations with leading economies in the world due to nuclear enrichment policies.
So it is expected that the market will grow at an average annual growth rate of 9.1 percent on the basis of US dollar and it will reach $ 1284.3 million by 2020. However, expenditure of per capita is expected to increase significantly over the same period. Despite the production of basic materials such as syringes, needles and catheters, dental and bone repair inside the country, import of medical equipment is about 90% of the market.
Of course, it must be admitted that Iran is not among major exporters of medical equipment, and therefore, the country’s export performance is significant. In addition, last year’s export value dropped to 21.1 percent from the value of $ 6.6 billion in 2013. In fact, exports between 2008 and 2013 are up by an annual growth rate of 3.9 percent. According to the latest data on the monthly consolidation of exports, by the end of June 2014, the rate reached 12.6 percent at $ 6.8 million.