OnDemand WTP Pricing Research

Task force for price control order for medical devices | ET HealthWorld

NEW DELHI: Even as the government is mulling regulating medical devices sector, a task force has recommended a separate price control order by putting them under the Essential Commodities Act.

Once the devices come under the purview of the Act, the government can keep a tab on prices of equipment.

The Task Force on Medical Devices constituted under the Chairmanship of Secretary, Department of Pharmaceuticals, has also recommended formulation of the ‘Medical Device Regulatory Act’.

“…the medical devices may be included separately from drugs in the Essential Commodities Act and regulated under a separate Medical Devices (Price Control) Order (MDPCO)..,” it added.

The committee also underlined that drug price regulator NPPA should be empowered for fixation and monitoring of prices of medical devices under a separate vertical.

Read complete article here:

Task force for price control order for medical devices.