Determinants of the evolution of the pharmaceutical market in Iran for the period 2000-2017

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The research paper delves into the factors influencing the growth of Iran's pharmaceutical market, highlighting the impact of economic reforms and globalization since the 1990s. It provides an in-depth analysis of the market structure and policies affecting the sector, employing a multivariate model to assess market evolution from 2000 to 2017. Key findings reveal that oil revenue remains crucial for domestic industry development, while social expenditures attempted to stabilize the market amid sanctions, exposing vulnerabilities to trade disruptions. Non-oil exports emerge as new foreign exchange sources for medicine imports.