May 10, 2023, 8:46 PM
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News ID: 85107883
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Iran’s medicine market to hit $2.4 billion in year to March

May 10, 2023, 8:46 PM
News ID: 85107883
Iran’s medicine market to hit $2.4 billion in year to March

Isfahan, IRNA – Iran’s medicine market is expected to hit 1,200 trillion rials ($2.4 billion) in turnover by the end of the current Iranian calendar year in March 2024, according to an official.

Gholamreza Asghari, a senior advisor in Iran's Health Ministry, said on Wednesday that the figure stood at 650 trillion rials last calendar year and 350 trillion rials a year before that.

The figure suggests that the country’s medicine market turnover is expected to nearly double in the year to March.  

Noting that herbal medicines and natural products have merely a 1% share of the country’s medicine market, adding that Iran's herbal medicine output had reached 275,000 metric tons per year.

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