18 February 2019 - 19:52
News Code 83214359
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$700 million of medical equipment’s market produced domestically

Tehran, Feb 18, IRNA- General Director of Medical Equipment of the Food and Drug Administration announced that the medical equipment sector has a large market in Iran worth about $2.5 billion of that $700 million are related to domestic products.

Hossein Safavi said on Tuesday at the first national conference on medical equipment in Tarbiat Modares University that the number of domestic products included a higher percentage. Imported goods are products that have more rial value due to sensitivities and technology. Of course, in recent years, domestic producers have moved to producing high-sensitive and high-value goods.

He stated that 25 medical products were first produced in the country, indicating that the movement of medical equipment manufacturers is positive and promising. With regard to the sanctions and the lower dependence of the currency, the fluctuations that we are facing will decrease in this way.

“The quality of domestic products can compete with similar products in other countries and it is an honor regarding the country's situation and sanctions,' Safavi continued.

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