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 By : Medicare News / Mon, Jul 9th 2018
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Source ForPressRelease.com

Prominent public health experts and Indian medical device industry insiders have warned 16 billion USD Indian export may be in for a severe jolt, if Indian government errs in rationalizing trade margins of medical devices.



They have cautioned: if margin controls are not done from the first point of sale, the export of Indian medical devices will take a nosedive, thereby compromising patient safety and the value of innovative technology.



Public health experts and industry insiders are of the opinion, if India isn’t cautious in the method of calculating trade margin rationalisation, it may face implications on its exports of medical devices.



They have further said India’s Export-Import policy is constantly under the scanner of the south Asian countries and there have been far too many pieces of evidence. For instance, immediately after the price capping of stents by the Indian government, Pakistan, Sri Lanka and Bangladesh followed suit and got a similar line of price control.



In February 2017, India slashed the price of coronary stents by 80%. Immediately, in the same month, Pakistan’s senate committee on health directed the health ministry and the Drug Regulatory Authority of Pakistan to formulate a pricing policy on stents within a month.



Consequently, in April, Bangladesh too joined the bandwagon; the Directorate General of Drug Administration contemplated bringing down the current price by half. 6-months later, Sri Lanka followed suit – the prices of the bare-metal stent and the drug-eluting stent was reduced at a similar rate.



They aver this clearly proves that any Export-Import policy which GOI will try to implement is clearly pursued by the neighbour ring countries.
 
 
 

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