Iranian Firm Seeking to Export Medical Equipment to Belarus

An Iranian knowledge-based company has inked a memorandum of understanding to export medical equipment worth over US$3 million to Belarus. According to the public relations of Pardis Technology Park, these products include the ICU ventilator and its accessories, various types of monitoring, and electroshock devices. This knowledge-based company is a member of the Union of Medical Equipment Exporters, which has exported products to more than 50 countries, ISNA reported on Sunday. A total of 227 knowledge-based firms are supplying medical equipment for health centers across the country. Global market share Iran holds a share of 1% (about US$5 billion) in the global market for medical equipment of approximately US$500 billion, but the country has the potential to increase the share, according to the statistics of the Ministry of Health.

In 2018, the National Medical Device Directorate reported that the Iranian medical equipment market was worth US$2.5 billion, 30% of which belonged to over 1,000 domestic firms.
On a global scale, 56% of 500,000 medical equipment items available in the world market have Iranian versions. In pharmaceuticals, around 70% of Iran’s US$4.5 billion markets are domestic products and, in 2018, 97% of pharmaceuticals consumed in the country were manufactured locally. In 2018, 67% of the active pharmaceutical ingredients (APIs) used to produce drugs in Iran were made locally. A total of 227 knowledge-based firms are supplying medical equipment for health centers across the country, according to the Vice Presidency for Science and Technology.
Iranian companies producing medical equipment export their products to 54 countries across the world. - Tehran Times