Who don't want price controls?
Multinational pharmaceutical and medical device companies and their domestic counterparts represented through the Indian Pharmaceutical Alliance (“IPA”) are unanimous in their desire to eliminate price controls.
why the govt wants to control prices?
The government clearly see price controls as a ready means for assisting families to affordable health care.
why the Department of Pharmaceuticals (“DOP”), which is part of the Chemicals & Fertilizer Ministry to repeal its Drug Price Control Order, 2013 (“DPCO 2013”)?
To facilitate drug manufacturers.
How many formulations are under Price control?
there is a price ceiling on 348 essential medicines.
The government allows an annual hike of 10% in prices of all other medicines.
How the manufacturing sector reacts?
The government wants price control measure for essential medicines.
But the pharmaceutical companies have reduced the production of those
vital drugs because their profit margins have gone down .
which has the mandate to ensure availability of medicines in the
market while keeping a check on prices?
National Pharmaceutical Pricing Authority (NPPA).
What is the value of Indian pharma market?
over Rs 86,000 crore annually.
Why the growth of the sector is hindered ?
because of over regulation and lack of clarity in pricing norms.
Is there any plan to Cap on prices of medical devices ?
yes. the govt plan to regulate the prices of critical medical devices including stents,
catheters and implants.
Currently, prices of only two medical devices - condoms and Intra Uterine Devices — are directly under government control and prices are capped for these products.
what is the value of medical devices market?
The medical devices market in India was estimated at $6.3 billion in 2013 and growing annually at 10-12%. Most of it is dominated by imported products. According to a recent report by the The Boston Consulting Group (BCG), around 70% of the medical devices used in India are imported.
to define medical devices separately from drugs and regulate their prices with a different mechanism.
The government is also likely to soon table in Cabinet a proposal for a separate FDI policy for medical devices. The proposal suggests allowing 100% FDI in the sector without safeguards or riders as are present in the policy for pharmaceuticals or medicines.
Multinational pharmaceutical and medical device companies and their domestic counterparts represented through the Indian Pharmaceutical Alliance (“IPA”) are unanimous in their desire to eliminate price controls.
why the govt wants to control prices?
The government clearly see price controls as a ready means for assisting families to affordable health care.
why the Department of Pharmaceuticals (“DOP”), which is part of the Chemicals & Fertilizer Ministry to repeal its Drug Price Control Order, 2013 (“DPCO 2013”)?
To facilitate drug manufacturers.
How many formulations are under Price control?
there is a price ceiling on 348 essential medicines.
The government allows an annual hike of 10% in prices of all other medicines.
How the manufacturing sector reacts?
The government wants price control measure for essential medicines.
But the pharmaceutical companies have reduced the production of those
vital drugs because their profit margins have gone down .
which has the mandate to ensure availability of medicines in the
market while keeping a check on prices?
National Pharmaceutical Pricing Authority (NPPA).
What is the value of Indian pharma market?
over Rs 86,000 crore annually.
Why the growth of the sector is hindered ?
because of over regulation and lack of clarity in pricing norms.
Is there any plan to Cap on prices of medical devices ?
yes. the govt plan to regulate the prices of critical medical devices including stents,
catheters and implants.
Currently, prices of only two medical devices - condoms and Intra Uterine Devices — are directly under government control and prices are capped for these products.
what is the value of medical devices market?
The medical devices market in India was estimated at $6.3 billion in 2013 and growing annually at 10-12%. Most of it is dominated by imported products. According to a recent report by the The Boston Consulting Group (BCG), around 70% of the medical devices used in India are imported.
to define medical devices separately from drugs and regulate their prices with a different mechanism.
The government is also likely to soon table in Cabinet a proposal for a separate FDI policy for medical devices. The proposal suggests allowing 100% FDI in the sector without safeguards or riders as are present in the policy for pharmaceuticals or medicines.
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