Other Vaccines - Iran

  • Iran
  • The Other Vaccines market in Iran is expected to reach a projected revenue of US$369.10m in 2024.
  • Furthermore, it is anticipated that the market will exhibit an annual growth rate of 9.63% (CAGR 2024-2029), resulting in a market volume of US$584.40m by 2029.
  • In terms of global comparison, United States is projected to generate the highest revenue in the Other Vaccines market, with an estimated revenue of US$24,730.00m in 2024.
  • The demand for other vaccines in Iran is steadily increasing due to the country's commitment to public health and preventive measures.

Key regions: Australia, Brazil, United Kingdom, Europe, Canada

 
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Analyst Opinion

The Other Vaccines market in Iran has been experiencing significant growth in recent years.

Customer preferences:
Iran has a large and growing population, with a high demand for healthcare services. As a result, there is a strong demand for vaccines, including Other Vaccines. Additionally, the Iranian government has been actively promoting vaccination programs, which has further increased demand for Other Vaccines.

Trends in the market:
One of the main trends in the Other Vaccines market in Iran is the increasing popularity of combination vaccines. These vaccines offer multiple protections in a single shot, making them more convenient and cost-effective for both patients and healthcare providers. Additionally, there has been a growing interest in new technologies and formulations for Other Vaccines, which has led to the development of more effective and efficient products.

Local special circumstances:
Iran is a unique market for Other Vaccines due to its political and economic situation. The country has faced significant challenges in recent years, including economic sanctions and political instability. These factors have had a significant impact on the healthcare industry, including the availability and affordability of vaccines. However, despite these challenges, the Iranian government has continued to prioritize healthcare spending, which has helped to support the growth of the Other Vaccines market.

Underlying macroeconomic factors:
The growth of the Other Vaccines market in Iran is also influenced by broader macroeconomic factors. For example, the country's young and growing population is driving demand for healthcare services, including vaccines. Additionally, the increasing prevalence of infectious diseases and the rise of chronic conditions such as cancer and diabetes are also contributing to the growth of the Other Vaccines market. Finally, the Iranian government's efforts to promote healthcare and improve access to vaccines are also supporting the growth of the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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