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The 7th International Healthcare Exhibition & Conference
INVESTING TODAY FOR A HEALTHY TOMORROW 15 - 18 October 2017 Erbil International Fair Ground Erbil, Kurdistan Region – Iraq
www.iraqmedicare.com
IRAQ’S HEALTHCARE MARKET ON THE RISE The healthcare sector in Iraq is slated to grow amid increasing demand for medical supplies, pharmaceuticals, and therapeutic services, as well as the government’s efforts to reform the healthcare system and strengthen the relationship and coordination between the Ministry of Health and the private sector. Iraq’s government approved its 2017 budget of $85.2 billion projecting the country will sell its oil at an average price of $42 per barrel and export 3.75 million barrels. The Iraqi economy is expected to strengthen in 2017 resulting in a fertile ground for foreign investments and commercial opportunities to expand and modernize the country’s healthcare infrastructure. According to the research firm BMI, healthcare expenditure in Iraq is set to grow from $11.32 billion in 2016 to $11.95 billion in 2017 and $12.60 billion in 2018.
MEDICAL EQUIPMENT MARKET
PHARMACEUTICALS MARKET
According to a BMI report, Iraq’s market for medical equipment, which is strongly reliant on imports, is expected to grow at a CAGR of 10.8% in local currency terms in the coming years to reach $4.28 mn in 2020. The market is set to expand by a 2015-2020 CAGR of 10.3% in US dollar terms. The research predicts the medical devices market will grow from a projected $267.1mn in 2016 to $299.9mn in 2017 and $340.3mn in 2018.
PROJECTED MEDICAL DEVICE MARKET Source: BMI
Iraq is currently ranked 17th out of 33 markets in the Middle East and Africa Region in terms of attractiveness to pharmaceutical investors, states a recent report by BMI. The research firm predicts the pharmaceutical and healthcare sector will sustain its long-term potential for development and forecasts sales of pharmaceuticals to increase from a projected $1.79 billion in 2016 to $1.87 billion in 2017 and $1.975 billion in 2018. Also, pharmaceuticals’ imports will continue to cover most of the domestic demand.
Year
Total
Per Capita
Total
Per Capita
Exchange Rate
2015 2016 2017 2018 2019 2020
259 267 300 340 384 423
7.1 7.1 7.8 8.6 9.4 10.1
302,434 315,703 354,533 402,220 454,286 505,166
8,303 8,408 9,172 10,118 11,120 12,036
1,167 1,182 1,182 1,182 1,182 1,194
USD mn
USD
Local Currency mn
Local Currency
Local Currency / USD
PHARMACEUTICAL & HEALTHCARE FORECASTS 2014
2015
2016f
2017f
2018f
2019f
2020f
PHARMACEUTICAL SALES
1.624
1.731
1.790
1.879
1.975
2.079
2.171
PHARMACEUTICAL SALES
0.72
0.98
1.10
1.00
0.91
0.85
0.80
PHARMACEUTICAL SALES
15.8
15.9
15.8
15.7
15.7
15.6
15.6
HEALTH SPENDING
10.3
10.7
11.3
11.9
12.6
13.3
13.9
USD bn
% of GDP
% of health expenditure USD bn
Source: BMI
ERBIL IS THE EPICENTER OF PRIVATE HEALTHCARE IN THE REGION. THE CITY HAS BECOME A REGIONAL DESTINATION FOR HEALTHCARE PROVISION, WITH PATIENTS ARRIVING FROM ACROSS IRAQ.
INVESTMENT PROGRAM (2013-2017) QUANTITY / COST (USD M)
New Hospital Beds 2,000 / 600 New Primary Healthcare Centers 90 / 90 Hospital Rehabilitation 15 / 300 PHC Rehabilitation 200 / 60 Medical Equipment 150 Drugs & Medical Supplies 100 Hospitals’ Information Systems 20
HEALTHCARE SPENDING BETWEEN 20162020 IN KURDISTAN IS SET TO RISE TO $2.1 BILLION, WITH EMPHASIS TO BE PLACED ON THE MODERNIZATION AND EXPANSION OF THE SECTOR’S INFRASTRUCTURE, BUILDING 165 NEW PHARMACIES, AND INCREASING HOSPITAL CAPACITY IN THE REGION BY 3,200 (REPRESENTING A 42% INCREASE).
A PREMIUM NETWORKING PLATFORM FOR HEALTHCARE PROFESSIONALS IN IRAQ
IN ERBIL, THE PRIVATE HEALTHCARE PROJECTS HAD A TOTAL INVESTMENT CAPITAL OF $596 MILLION (ROUGHLY 81% OF ALL FUNDS ALLOCATED TO THE HEALTHCARE LICENSES). 24 OF ERBIL’S 46 HOSPITALS ARE NOW PRIVATE, MAKING ERBIL THE ONLY GOVERNORATE IN THE REGION WITH A MAJORITY OF PRIVATE HOSPITALS.
Stemming from a significant need for revamping the healthcare system in Iraq, and injecting investments to upgrade medical facilities and services, Medicare IraqErbil will provide a unique meeting point for the industry’s stakeholders to come together, share expertise, showcase their equipment and products, and capitalize on business opportunities in the country’s demanding market. The 7th edition of the International Healthcare Exhibition and Conference will be held from 15 to 18 October at Erbil International Fair Ground. The show will set the stage for healthcare and medical professionals and academics to discuss pressing matters facing the country’s healthcare sector, as well as current and future trends in areas of medical tourism, dentistry, and ophthalmology among others. It will also cement relationships between regional and international suppliers with representatives of local hospitals, clinics, and wellness centers that are looking to source new medical equipment and solutions.
WHY EXHIBIT? ►
P resent your medical equipment, products, and services to a highly-targeted audience
►
N etwork with government officials and the industry’s key players
►
A cquire valuable contacts and generate new business leads
►
S ecure business partnerships and sign contracts on the spot
►
E xplore opportunities for investment and expansion of your business
►
S tay ahead of the competition and keep an eye on market trends and developments
►
P osition your company as a top healthcare provider
MEDICARE 2015 AT A GLANCE 90 EXHIBITORS 10 PARTICIPATING COUNTRIES
VISITORS PROFILES
PARTICIPATING COUNTRIES
► High-ranking ► Directors
Egypt
Pakistan
Iran
Turkey
Iraq
UAE
Italy
UK
Lebanon
USA
Government Officials
of Healthcare Organizations
► International
Trade Delegations
► Doctors,
Specialists, Nurses, Dentists & Technicians
► Hospital
& Clinic Managers
► Biologists
& Biochemists
► Physiotherapists ► Community ► Traders
& Pharmacists
Health Service Dispensaries
& Suppliers
► Academics
DR. REKAWT H. RASHID, KRG MINISTER OF HEALTH
“I believe that Medicare Iraq is an excellent exhibition that keeps on growing and evolving every year. It is always a pleasure to see the international companies participate actively in the exhibition. I invite all foreign companies to increase their presence and investments in Kurdistan, and look forward to work together to revitalize the healthcare sector in Kurdistan.”
GENERAL INFORMATION ABOUT IFP IRAQ IFP Iraq is a member of IFP Group, the Middle East’s most accomplished event organizer with a rich experience of over 34 years and more than 500 international exhibitions with worldwide recognition. IFP Iraq organizes the region’s top trade fairs, designed to be the ideal platforms for foreign and local companies doing business in Iraq and seeking exposure among top regional buyers and decision makers.
ABOUT THE VENUE Erbil International Fair Ground Erbil, Kurdistan Region – Iraq Erbil International Fair Ground is Iraq’s most equipped exhibition venue, offering state-of-the-art facilities and services, including: ► 24,000
SQM of exhibition space (19,000 SQM of airconditioned halls and 5,000 SQM of outdoor exhibition space) ► Business center services, internet access, and ample parking space ► Stand contracting services, furniture rental, and stand extras
EXHIBITS PROFILES GENERAL PRODUCTS, EQUIPMENT & SERVICES ► Accident
& Emergency Equipment Services ► Ambulances & Ambulance Equipment ► Associations ► Baby Care Products ► Consultancy Services ► Diagnostic & Lab Equipment ► Disinfection, Disposal & Waste Treatment Systems ► Disposable Products ► Equipment & Products for the Disabled ► Exercise Machines ► General Surgery Equipment & Tools ► Healthcare IT ► Hospital & Clinic Furniture ► Hospital Building Technology ► Hospital Management ► Hospitals & Clinics ► Insurance Programs ► Medical & Hygienic Products ► Medical Tourism ► Mobile Hospitals ► Natural Products, Supplements & Vitamins ► Orthopedic Equipment & Supplies ► Pharmaceutical Products ► Protective Gear & Uniforms ► SPA, Cosmetic & Beauty Supplies ► Therapy & Rehabilitation Equipment ► Training & Educational Materials ► Ventilators, Air Cleaning & Purification ► Accreditation
TRAVEL & ACCOMMODATION
OPTICS & OPHTHALMOLOGY
Erbil International Airport (EBL) has direct flights to and from Europe and the Middle East. A wide selection of hotels is available to exhibitors. Please contact the organizers for further details.
► Contact
BOOK YOUR STAND
Lenses Surgery Equipment ► Optical & Ophthalmological Machinery & Equipment ► Optical Frames ► Sunglasses ► Laser
DENTISTRY ► Dental
Clinic Furniture Equipment & Instruments ► Dental Implants ► Dental Radiology ► Oral Care Products ► Dental
FOR LOCAL INQUIRIES: Mr. Rayan Bahnan Tel: +964 66 256 7634 / +964 66 225 2048 Cel: +964 750 467 8012 Email:
[email protected]
Organized by:
FOR INTERNATIONAL INQUIRIES: Ms. Leyla Tay Tel: +961 5 959 111 Fax: +961 5 955 361 Email:
[email protected]
Al Mashraq Street, Villa #2, Hadiab, Ankawa, Erbil - Iraq Tel: +964 66 2567634 / +964 66 2645511 Fax: +44 20 71066688, Email:
[email protected] www.ifpiraq.com
