EghtesadOnline: Some $9.5 million worth of vital signs monitoring devices were exported from Iran in the last fiscal year (March 2016-17), registering a 22% increase compared with the year before.
Germany, Syria, Malaysia, the UAE and Belarus were the main export destinations, ISNA reported.
Iran started the export of vital signs monitoring devices only three years ago.
According to US-based market research and consulting firm Grand View Research, the global vital signs monitoring devices’ market was valued at $4.1 billion in 2016 and is expected to grow at a CAGR of 6.5% by 2025. Constant innovation in products, increasing demand for home healthcare services, rising number of healthcare settings primarily hospitals and rising prevalence of chronic disorders are key drivers responsible for the lucrative growth of the market, Financial Tribune reported.