Pricing regulation on medical devices gains momentum
The government move to cap device prices is getting political attention too
Modi's government has in recent months slashed prices of medical devices such as knee implants and heart stents by up to 75 percent to make them more affordable.
Govt has notified 22 medical devices as drugs under Drugs and Cosmetics Act, 1940
Rules classifies medical devices in to 4 groups based on associated risks - Class A, B, C & D
Final regulations may not change from the draft despite industry protests
The new draft wants companies to specify manufacturing date along with expiry date on packaging
Medical devices to get licences within six months of notification
A report by Deloitte and NATHealth says global medical devices and technology market is expected to grow to $520 bn by 2020