Approval of 700 Trillion Rials in Funding for the Healthcare Sector on the Sidelines of Iran Med 2025

The allocation of 700 trillion rials to the healthcare sector was approved at the latest meeting of the heads of the three branches of government. Mohammad Reza Zafarghandi, Minister of Health and Medical Education, announced the decision on the sidelines of his visit to the Iran Med 2025 Medical Equipment Exhibition and provided details about the state of the medical equipment industry.

Speaking to reporters, he stated that more than 300 companies were participating in the Iran Med 2025 Exhibition. This strong participation demonstrates that the country’s medical equipment industry is firmly pursuing a path of growth. According to Zafarghandi, domestic manufacturers currently meet a significant share of market demand and have begun exporting products in several fields.

Growth in Domestic Medical Equipment Production and a Focus on Quality

The Health Minister emphasized that Iran’s medical equipment industry has made significant progress in recent years. Many advanced medical devices are now manufactured domestically. In addition to reducing dependence on foreign currency, this trend has increased the country’s export capacity.

Zafarghandi stated that the Ministry of Health’s primary approach in this field is to improve the quality of medical equipment. He stressed that expanding exports would not be possible without continuous improvements in quality. Manufacturers must comply with international standards and carefully analyze the requirements of their target markets.

He added that exports to neighboring countries and other interested markets are a priority. By relying on its technical advantages and competitive pricing, Iran could secure a larger share of the regional market. Achieving this objective requires coordination among manufacturers, regulatory bodies, and economic institutions.

Financial and Foreign-Currency Support for Medical Equipment Companies

Zafarghandi also addressed financial support for the industry. He announced that the heads of the three branches of government had approved the allocation of 700 trillion rials to various segments of the healthcare sector, including medical equipment. These funds could help settle part of the accumulated outstanding payments and alleviate companies’ liquidity challenges.

The Health Minister also stated that during a recent meeting with the Ministry of Health, the Central Bank pledged greater cooperation in providing the foreign currency and liquidity required by medical equipment companies. This support plays an important role in stabilizing production and preventing disruptions to the supply chain.

The timely provision of foreign currency and financial resources allows companies to plan for the long term and invest more extensively in research and development. This directly affects product quality and strengthens companies’ competitiveness in international markets.

Iran Med 2025: A Showcase of the Healthcare Industry’s Capabilities

The Iran Med 2025 Exhibition has provided an important opportunity to showcase the capabilities of domestic manufacturers. The participation of more than 300 companies offers a clear picture of the country’s industrial capacity. The exhibition also serves as a valuable platform for developing business partnerships, attracting investment, and expanding exports.

Previous reports on the “Opening of the Iran Med 2025 Exhibition and the pledge to settle medical equipment companies’ outstanding debts” discussed the foreign-currency agreements reached with the Central Bank. The article titled “Development of Iran’s Medical Equipment Exports” also examined strategies for increasing the country’s share of regional markets. Reading these reports can provide a more comprehensive overview of developments in Iran’s medical equipment industry.