Representatives from Uzbekistan, Armenia, Turkey, and Bosnia signed 40 memorandums of understanding with Iranian knowledge-based companies during the 3-day event.

In addition to the international sector, government agencies such as the Ministry of Energy, Ministry of Industry, Mining and Trade have also presented their technological needs, in general, 600 technological needs were announced.

The TESTA exhibition is held internationally with the aim of using the capacity of universities, research institutes, parks, and knowledge-based companies to meet the needs of research and technology, and is host to delegations from five countries, Venezuela, Armenia, Uzbekistan, Iraq, and Afghanistan.

Iranian knowledge-based companies marketed 70 countries

Iranian knowledge-based companies marketed their products in 70 countries, and in some global markets have overtaken European and American companies, Siavash Maleki, deputy head of the Innovation and Prosperity Fund, said.

Iranian companies producing medical equipment export their products to 54 countries across the world.In the last two days, the number of knowledge-based companies has exceeded 6,800, he stated, emphasizing that half of them are active in the field of electronics and electricity.

Last year, knowledge-based companies gained about $800 million in revenue from export, and in the current year (started March 21), it seems to reach over $1 billion, he noted.

Medical equipment global market share

Iran holds a share of one percent (about $5 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. In pharmaceuticals, around 70 percent of Iran’s $4.5 billion markets are domestic products and, in 2018, 97 percent of pharmaceuticals 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 countries across the world.

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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. In pharmaceuticals, around 70 percent of Iran’s $4.5 billion markets are domestic products and, in 2018, 97 percent of pharmaceuticals 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 countries across the world.

Iran Health expo which is to be held on May 24- 27 is also a platform for international medical manufacturers to demonstrate their products and services annually at the International Permanent Fairground in Tehran. This event showcases and covers a wide spectrum of products like medical devices, health care services, laboratory equipment, hospital equipment, pharmaceutical products and services associated with this field, etc. This event would also have several concurrent Medical Workshops and B2B Meetings covered in dentistry, laboratory, and pharmaceutical domains.

The 23rd edition of the international exhibition of medical, pharmaceutical & laboratory equipment  (Iran Health) will take place at Tehran International Fairground. Iranian and non-Iranian companies and organizations gather to exchange their scientific and technical knowledge, technologies, potentials, and demands.

The post Iran has capacity to increase share of medical equipment market appeared first on Iran News Daily.

Following the outbreak of the novel coronavirus in the country, the defense industry’s experts made round-the-clock efforts and conducted research and managed to mass-produce thermal cameras used to screen the people for detecting coronavirus patients, according to the Defense Ministry’s Public Relations Department.

Speaking at a ceremony held on Wednesday to unveil the advanced thermal cameras, the managing director of Iran Electronics Industries said the Defense Ministry regards the suffering of the people as its own.

Defense industry experts have managed to produce state-of-the-art thermal cameras that have been completely designed by domestic technology and software through mobilizing all scientific capacities, he added.

Iran’s administration on Thursday extended the closure of all schools and universities nationwide until the end of the current Iranian year (March 19) as the country is struggling with the outbreak of the novel coronavirus.

First detected in Wuhan city in central China in December, the virus has spread to more than 100 countries.

More than 4,200 people have died of COVID-19 across the world, and more than 113,000 people have also been infected, according to the World Health Organization (WHO). About 64,000 people have also recovered from the illness, globally.

The death toll from the COVID-19 outbreak in Iran has risen to 291. Meanwhile, more than 2,700 coronavirus patients have recovered from respiratory disease and discharged from hospitals so far.

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