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Welcome to today’s episode of the Iranian Market. Iran’s
pharmaceutical industry is one of the industries that
has a high potential for presence in the global markets
because of its domestic capabilities in producing various
types of medicines.

The pharmaceutical industry is one of the key industries
regarding its effects on human health. It is also very
advantageous regarding the profits it produces. Fortune
Magazine announced in an article published in 2010
that the pharmaceutical industry is the third-best
industry in the world with respect to being appropriate
for investment. Investment in this industry naturally leads
to growth.

The growth of the world population along with
mankind’s vital need for health services are among the
factors that help this industry to grow faster. Aging of the
population, the existence of chronical diseases, some
countries’ insurance coverage and economic welfare
can be mentioned as other influential factors on the
growth of the pharmaceutical industry.
Also among the advantages of investing in this market is
the balanced rate of growth in the global pharmaceutical
industry. The pharmaceutical industry is less affected by
global economic fluctuations. This fact became more
evident during the 2008 and 2009 economic crisis when
the market continued its activity with a 70% additional
growth. Today, the turnover of the pharmaceutical
industry in the world has surpassed one trillion dollars.
It should be noted that the expense of the pharmaceutical
industry is high in comparison with other industries.
One of the important expenses in this industry pertains
to research and development (R&D). The expense of
research and development in proportion to the sale is
more than other advanced industries that enjoy state-of-
the-art technologies.

The pharmaceutical industry is on the track of
development, expansion, and innovation because of its