Iran exports medical equipment to 54 countries

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TEHERAN – Iranian medical device manufacturers export their products to 54 countries around the world, the deputy health minister for medical devices and accessories announced.

In light of the coronavirus pandemic, domestic knowledge-based companies have been at the forefront of the battle by expanding production lines and making us very independent, IRNA quoted Es’haq Ameri on Tuesday.

In 2018, the National Medical Device Directorate reported that the Iranian medical device market was worth $ 2.5 billion, 30 percent of which was owned by more than 1,000 domestic companies.

Worldwide, 56 percent of 500,000 medical devices available on the world market have an Iranian version. In pharmaceuticals, around 70 percent of Iran‘s $ 4.5 billion markets are domestic products, and in 2018 97 percent of the drugs consumed in the country were made locally.

Worldwide, 56 percent of 500,000 medical devices available on the world market have an Iranian version. In 2018, 67 percent of the active pharmaceutical ingredients (APIs) used to manufacture medicines in Iran were made locally.

According to the Vice Presidency of Science and Technology, a total of 227 knowledge-based companies supply medical devices to health centers across the country.

Pharmaceutical imports fall by 91%

The import of pharmaceuticals in Iran has fallen by 91 percent, which shows the efficiency of the country’s pharmaceutical industry, said Mohammad Reza Shanehsaz, former head of the Food and Drug Administration, on October 11.

Nowadays, all drugs used to treat the coronavirus are made by domestic manufacturers, and if we were to import all items there would be a high exchange rate, he said, stressing that the development of COVID-19 vaccines will add to the power of the Pharmaceutical industry show.

With the support of the domestic pharmaceutical industry, we were able to reduce the sum of the preferred currencies and other currencies used in the country from 4.2 billion US dollars to 2.84 billion US dollars from 2017 to 2020, he emphasized.

Shanehsaz went on to say that foreign exchange consumption of raw materials rose by 2 percent, while pharmaceutical imports fell by 31 percent in value.

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