BMI: Iran Healthcare Overview, Forecast
Economy, Domestic Economy

BMI: Iran Healthcare Overview, Forecast

The Iranian government has invested substantially in the development of the healthcare system, with investments paving the way for an increase in the number of doctors and hospitals, although quality issues have yet to be resolved.
The government has improved public access to primary and preventative care, particularly in the rural areas where more than 35% of the population reside.
Since 2005, a rural insurance scheme has been implemented, which has led to a significant decline in infant mortality among those at-risk groups. The measures have improved basic health indicators to some extent and life expectancy has been rising steadily in recent years, according to Business Monitor International.
All Iranians are eligible for community-based preventive public health and limited curative health services, financed and provided through the primary healthcare network, which is funded entirely by the national government. This system was established to improve rural access to healthcare and reduce the gap between rural and urban health outcomes.
Although Social Security Organization guarantees a minimum level of care for those who meet their insurance obligations, it also gives added benefits to those who volunteer to pay higher premiums.
Absolute spending levels have risen steadily in recent years, despite government attempts to control costs. Nevertheless, the government accounts for a progressively smaller percentage of the overall spending on health even though the country’s private healthcare coverage remains fragmented.
Although the private sector, including out-of-pocket spending, accounts for the majority of healthcare expenditure, private health insurance comprises only 2-3% of total expenditure.
The government currently meets less than half of the total healthcare spending in the country, with one-third of pharmaceuticals’ costs under health insurance continuing to be met out of pocket, despite substantial increases in the government healthcare budget in recent years on the back of growing oil revenues.
BMI estimates healthcare expenditure reached 711,914 billion rials ($22.39 billion) in 2014. By 2019, the group forecasts Iranian healthcare expenditure to reach 1.32 trillion rials ($28.19 billion), corresponding to a local currency compound annual growth rate of 13.2% (4.7% in US dollar terms).
By 2024, BMI forecasts Iran’s healthcare market to reach 2.09 trillion rials ($38.06 billion), equating to CAGR of 11.4% and 5.5% in local currency and US dollar terms, respectively.

Short URL : https://goo.gl/shZMhW
  1. https://goo.gl/yWhL4M
  • https://goo.gl/DjZON8
  • https://goo.gl/8TIJE6
  • https://goo.gl/7P7ILT
  • https://goo.gl/pgO5zr

You can also read ...

Relations with banks from China, the UAE and Turkey had recently hit snags.
A senior Iranian official announced that there are no...
Gov’t Sends AML/CFT Amendments to Majlis
President Hassan Rouhani has presented two bills for making...
Undue Expectations From Gov’t
Trade Promotion Organization of Iran, affiliated with the...
Gold Coin  Hits Record
Gold coin prices recorded multiple rallies in the past month...
Forex ETS to Expedite Rate Unification
The Central Bank of Iran’s Exports Department has sought to...
Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.
Local automaker Kerman Motor is trying to shift focus from its...
The government now owes more than 1,400 trillion rials ($35 billion) and counting to SSO.
Disputes over Iranian pension funds are coming to a boil, a...
Iran signed a $650-million contract with the world’s largest shipbuilding company Hyundai Heavy Industries Company in December for the South Korean firm to build four 14,400 TEU container ships and six 50,000 DWT product tankers.
South Korea was Iran's fourth biggest export destination (...