Iranian firms to attend Pakistan’s biggest medical event

INSUBCONTINENT EXCLUSIVE:
held in Karachi on October 13-15.This 3-day annual event which started in 2004, is the biggest annual gathering of the related industry
stakeholders and the most important medical event in Pakistan.Iran's pavilion will be established in the fields of knowledge, health, and
medicine with the support of the Vice Presidency of Science and Technology, and the Innovation and Prosperity Fund.An Iranian delegation led
Lahore, IRNA reported on Thursday.Over the past year, this will be the third major exhibition event in Karachi as the economic heart of
billion) in the global market for 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