INSUBCONTINENT EXCLUSIVE:
equipment companies showcase their products and services to Hospital owners and decision-makers.The Vice Presidency for Science and
Technology, in cooperation with the Innovation and Prosperity Fund, has provided the possibility of the presence of knowledge-based and
creative companies active in the field of medicine at this event to present their latest achievements and capabilities to enter the global
medical equipment of approximately $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 $2.5
billion, 30 percent of which belonged to over 1,000 domestic firms.On a global scale, 56 percent of 500,000 medical equipment items
available in the world market have Iranian versions
consumed in the country were manufactured locally.In 2018, 67 percent 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
