Key Market Indicators
Iran's export of diagnostic reagents experienced a significant decline in 2023, dropping to approximately $286,000. This represents a 16.3% decrease from the previous year's total of around $341,000. The trend has been downward since 2004, with exports falling at an average annual rate of 13.1%. In contrast, Iran's import of diagnostic reagents is on a rising trajectory. By 2028, imports are projected to reach nearly $85 million, up from about $73 million in 2023. This growth reflects a compound annual growth rate (CAGR) of 2.4%. Since 2002, the country's demand for these reagents has increased by 4% annually.
