Ban on used medical device imports sparks medtech reaction
2 months ago

Ban on used medical device imports sparks medtech reaction

Live Mint  

A ban on imports of refurbished medical devices, notified recently, by the Central Drugs Standard Control Organisation, has sparked off a debate among domestic healthcare and medtech players. The import of refurbished medical devices—largely high-tech equipment like MRIs, CT scans, and surgery robots—has been a point of contention with the domestic medtech industry, which has called for restrictions on growing imports. Need for regulations Many industry players believe that a formal policy regulating the import of refurbished medical devices would be better than a ban. “At a time when the domestic industry is already grappling with issues like negligible import tariff of 0 to 7.5% on medical devices in India, allowing import of refurbished devices had further acted as a deterrent to the entrepreneurial spirits of the domestic manufacturing industry making India severely imports dependent,” Rajiv Nath, forum coordinator of AiMeD, said in a statement.

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History of this topic

A taste of their own medicine: Reciprocal tariffs will hurt US healthcare and how
1 month ago

A taste of their own medicine: Reciprocal tariffs will hurt US healthcare and how

India Today  

The game of tariffs is not a one-sided loss for any country. Medicines from Indian companies saved USD 219 billion in 2022, and USD 1.3 trillion between 2013 and 2022 for the US healthcare system, according to the IQVIA Institute for Human Data Science. MEDICINE IMPORTS BY INDIA In line with the significance of India’s pharma companies to the US, …

How will the suspension of imported refurbished medical devices impact the healthcare sector? Experts are divided
1 month, 3 weeks ago

How will the suspension of imported refurbished medical devices impact the healthcare sector? Experts are divided

The Hindu  

Seeking to regulate the ₹1,500 crore Indian market for imported pre-owned and refurbished medical devices, the Central Drugs Standard Control Organisation has halted imports until a regulation is established for such devices. Impact on the domestic market Meanwhile, speaking for the domestic market for medical devices manufacture, Rajiv Nath, forum co-ordinator, Association of Indian Medical Device Industry said that the …

Manufacturers of medical devices seek MRP monitoring of imported devices
2 months, 1 week ago

Manufacturers of medical devices seek MRP monitoring of imported devices

The Hindu  

Medical device manufacturers have called for monitoring of maximum retail prices of imported medical devices into India so that domestic consumers can get affordable rates. In its pre-budget memorandum to the Union Ministry of Finance, the Association of Indian Medical Device Industry has highlighted that the government’s efforts to reduce import duty on devices goes in vain since consumers/patients pay …

Indian medtech firms eye exports as established MNCs dominate local market
2 months, 3 weeks ago

Indian medtech firms eye exports as established MNCs dominate local market

Live Mint  

India’s medical technology industry is poised for rapid growth in the coming years, with several new players entering the segment to meet the rising global demand for a range of medical devices. The Indian medtech industry is relatively young and will take time to earn the confidence of local hospital chains that source most of their devices from established, foreign …

Medical devices maker Poly Medicure to focus on exports amid geopolitical shift
2 months, 3 weeks ago

Medical devices maker Poly Medicure to focus on exports amid geopolitical shift

Live Mint  

Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the US and as global economies look to diversify their supply chains away from China, a top company official said. The US president-elect is also talking about this…So I think now it's more of a bolder approach," Poly Medicure's managing director Himanshu …

More M. Tech seats in medical engineering to be created; trade gap in medical devices to be wiped out in five years
3 months, 3 weeks ago

More M. Tech seats in medical engineering to be created; trade gap in medical devices to be wiped out in five years

Live Mint  

New Delhi: The government will start M. Tech courses in medical engineering at leading institutions like IITs and NITs among measures aimed at creating a pool of skilled talent for testing and operating high-tech medical devices and reducing import dependence in this key sector. Other measures include scaling up the number of seats for this course in National Institutes for …

Govt unveils new schemes for meditech sector
4 months, 2 weeks ago

Govt unveils new schemes for meditech sector

Live Mint  

The government on Friday launched a scheme aimed at strengthening the medical devices industry with an initial outlay of ₹500 crore for three years 2024-2025 to 2026-27. It consists of five sub-schemes—common facilities for medical devices clusters with an outlay of ₹100 crore, marginal investment for reducing import dependence, capacity building and skill development for medical devices and medical device …

Govt plans new pricing norms for medical device industry
10 months, 2 weeks ago

Govt plans new pricing norms for medical device industry

Live Mint  

The government is exploring new pricing strategies for the medical device industry and also looking at specific regulations to streamline the licensing, trading, and exporting processes for manufacturers, according to officials familiar with the situation. Medical device licences are currently categorized under the Drugs and Cosmetics Act, and industry associations have long advocated for specific regulations, arguing that the criteria …

Explained | What is the National Medical Devices Policy, 2023?
1 year, 10 months ago

Explained | What is the National Medical Devices Policy, 2023?

The Hindu  

The story so far: On April 26, the Union Cabinet approved the National Medical Devices Policy, 2023. It is expected to help the domestic medical devices sector market grow from $11 billion to $50 billion by 2030 alongside achieving a 10-12% global market share over the next 25 years. To ensure a skilled workforce and create future ready MedTech human …

Medical devices industry distressed over Budget 2023 announcements
2 years, 1 month ago

Medical devices industry distressed over Budget 2023 announcements

The Hindu  

The Indian medical devices industry has expressed disappointment over what they believe is a tokenistic 2023-24 Budget announcement of plans for skilling human resources in the sector. The government has not announced any measures to help end the 80-85% import dependence forced upon India, and an ever-increasing import bill of over ₹63,200 crores,” said Rajiv Nath, Forum Coordinator, Association of …

CDSCO falling short in effectively regulating the medical devices industry: Parliamentary panel
2 years, 6 months ago

CDSCO falling short in effectively regulating the medical devices industry: Parliamentary panel

The Hindu  

The Central Drugs Standard Control Organisation is falling short in effectively regulating the medical devices industry, observed the Department-related Parliamentary Standing Committee on Health, headed by Prof. Ram Gopal Yadav, M.P., Rajya Sabha stating that the organisation in its existing structure and expertise is more pharma centric. The Committee is of the considered opinion that having adequate common infrastructure including …

Govt Revises Rates of Medical Devices Used for Covid Treatment to Make Them Affordable
3 years, 7 months ago

Govt Revises Rates of Medical Devices Used for Covid Treatment to Make Them Affordable

News 18  

The government has capped the trade margin on five medical devices extensively used for treatment and prevention of COVID-19 — pulse oximeters, digital thermometers, blood pressure monitoring machines, nebulizers, and glucometer — with immediate effect. A total of 684 products, brands of such medical devices have witnessed downward revision of prices and 620 products/brands have reported downward revision of MRP, …

Implant Files: India fares poorly in probe into medical devices industry with low recall rate, non-existent regulations
6 years, 3 months ago

Implant Files: India fares poorly in probe into medical devices industry with low recall rate, non-existent regulations

Firstpost  

The ICIJ’s “Implant Files” report notes that India’s regulatory system “effectively doesn’t exist” and that there are “no specific rules or a law” that gives the government the authority to direct a manufacturer to compensate a victim of a faulty device. “Often following the trusted advice of their doctors, they have been injured, maimed and killed by poorly-tested implants.” While …

Opinion | Learning from the past on medical device pricing
6 years, 6 months ago

Opinion | Learning from the past on medical device pricing

Live Mint  

After having brought down the prices of drugs, the government has medical devices on its agenda. It will soon announce its decision on the method of rationalizing trade margins for medical devices from the first point of sale. According to the report of the committee of high trade margins in the sale of drugs, released by the department of pharmaceuticals …

Medical device margins set to be capped at 65% in India
6 years, 7 months ago

Medical device margins set to be capped at 65% in India

Live Mint  

New Delhi: India is set to cap trade margins on medical devices, abandoning the current price control mechanism, as it seeks to curb profiteering as well as allay concerns of device makers, particularly importers of stents and knee implants, who have complained that price caps hurt innovation, two people aware of the matter said. Prime Minister Narendra Modi is likely …

Increase in import duties on medical devices to increase healthcare cost for patients: MTaI
7 years, 1 month ago

Increase in import duties on medical devices to increase healthcare cost for patients: MTaI

ABP News  

New Delhi, January 30 : Once again we hear that custom duty may be hiked on some medical devices. The custom duties on medical devices and equipment were increased almost across the board by 7.3 percent. In fact, for high risk complex medical devices, the barrier isn't customs duty, or lack of preferential market access, they are: a. Therefore, increasing …

First world dumping discarded medical devices in Indian markets-India TV News
9 years, 11 months ago

First world dumping discarded medical devices in Indian markets-India TV News

India TV News  

New Delhi: Complaints from all across developing world are coming in about medical devices being 'dumped' or 'sold at inflated prices' by first-world countries and trading companies. A 2012 report in The Lancet showed that about 40% of healthcare equipment in poor countries is out of service mainly because of ill-conceived donations-for instance, oxygen concentrators donated to a Gambian hospital …

Budget 2015: Govt may announce incentive package for medical services sector
10 years, 1 month ago

Budget 2015: Govt may announce incentive package for medical services sector

Firstpost  

The government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers. New Delhi: After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers. In its Budget proposals, the Commerce and Industry Ministry has suggested to …

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