Domestic stent market on a healthy growth track despite price controls

The stent market here is on a healthy growth track despite price caps. While domestic stent makers seem to have grown overall market share, multinational companies (MNCs) selling more expensive stents are growing too.

According to industry estimates in 2018 calendar year the overall Indian cardiac stent market grew by 16-18 per cent in terms of volumes.

Prices of coronary stents were capped in February 2017 (prices were slashed by nearly 80 per cent). In terms of value, thus, the growth is 4-6 per cent. Before the cap, the MNCs enjoyed a 65 per cent share of the