Despite its importance as a strategic industry in Iran, Iran’s pharmaceutical industry still depends on foreign suppliers in both medicine products and ingredients. While foreign ingredients are needed for the production process, foreign medicines are imported mainly because they can’t be formulated in the country yet.
The market is derived mostly by the aging population. Being a young country in the past, Iran has faced with a decrease in birth rate in the recent decades.
With its 80 million aging population which need more medical services and healthcare products, Iran has a big market for pharmaceutical products.
With a governmental support for domestically production of pharmaceuticals, domestic producers can supply 95% of the needed drugs. Though this 95% includes those drugs that just have had a packaging change in the country. Although the official data tell that the imported drugs are only 5% of the total market volume, but they considerably worth near 40% of the total market value!
Despite a decrease in the volume of consumed drugs in the recent years, the total value has been increased which shows a positive growth in consuming foreign drugs. This enthusiasm for consuming foreign drugs, even when there are similar Iran-made products, is mainly because during the sanctions time Iran had to import needed ingredients for the formulation process from India and China that don’t supply high quality ingredients.
With huge gaps in supplying needed ingredients and pharmaceutical products, the market would welcome any supplier who is interested in participating in these two fields.
If you need more information in this industry we can provide you with a report including the following sections:
- Country Overview
- Market Highlights
- Market Influencers (including market drivers and trends)
- Supply Chain (company profile and product portfolio of key players)
- SWOT Analysis (strengthens, weaknesses, opportunities, and threats)
- Future Projection
This report gives you a general overview of the industry and the list of top producers and distributors in the market. It provides a deep understanding the significant market shortages and the best opportunities in this industry. Besides, the report will inform you about the key influencers in the market, current trends, and future outlook.
Purchase Industry’s Key Players Directory
If you only need the contact details of Iranian companies active in your industry, you can purchase our industry-specific directory. The directory includes:
- List of 20-300 Companies, based on the industry
- Company Name
- Company Address
- Contact Person
- Website, if any
This list enables you to directly get in touch with potential Iranian buyers/partners and kick-start your negotiations in Iran. Before we send the directory to you, we contact these companies and check the contact information of every single company on the directory and make sure we provide fresh and accurate data to you.
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