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Iran Pharmaceutical Sales to Grow 11% Annually to 2020 Says Latest Report - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
Iran Pharmaceutical Sales to Grow 11% Annually to 2020 Says Latest Report

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/04/28 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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The report “Iran Healthcare and Pharmaceuticals Overview” evaluates the general health status of the Iranian population and determines the overall potential of the market.

According to the 121 page report, the population of Iran almost doubled within the last 30 years, and with its current population exceeding 73 million, Iran is ranked as the 18th populated country in the world. Increasing public health awareness, the country general developments and tendency toward quality of life, has increased the demand for health care and pharmaceutical products, made Iran a highly attractive market for business. Its fast growing pharmaceutical market has triggered an escalating competition both by local companies and by international firms in recent years. With 25% annual growth, the value of the market reached US$2.3 billion in 2008 and sustained an average growth of 24% for three consecutive years from 2006 to 2008.

Overall pharmaceutical sales will post a compound annual growth rate (CAGR) of 11.1% over the next decade. However, due to high inflation, the market's nominal rate of expansion is much lower, diminishing the attractiveness of Iran to drugmakers.

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Iran Pharmaceutical Sales to Grow 11% Annually to 2020 Says Latest Report

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