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- Every Year We Get 12,000 Crore Second Hand Medical Equipment From Abroad; Foreign Companies Occupy 80% Of The Market
new Delhi18 minutes agoAuthor: Pawan Kumar
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Former Director General of Health (Government of India) Dr Jagdish Prasad says that if the equipment is indigenous, the price will be reduced by 50-70%. -File photo
- Customs duty is only up to 7.5% on medical equipment coming from abroad
- If medical equipment is made in India, the cost of treatment will be reduced from 30% to 50%.
Every year medical equipment worth 42 thousand crores is imported in the country. These include surgical instruments, implants, and other devices. 80% of the country's market is occupied by foreign companies. Rajeev Nath, convenor of the Association of Indian Medical Device Industries, says hospitals in the corporate sector do not like native equipment. At the same time, cheap products are bought in government hospitals. Among the equipment that we import, 12 thousand crores of equipment are second-hand.
Dr. CS Yadav, a former AIIMS implant specialist, says that if most implants or medical devices are manufactured in India, then the cost of treatment can be reduced by 30% to 50%.
|Equipment||Indian Product (Rs)||Foreign Product (Rs)|
|Radiant Heat Warmer||45 thousand to 1 lakh||2 Lakh to 6 Lakh|
|Phototherapy machine||20 thousand to 30 thousand||85 thousand to 1.25 lakh|
|Artificial knee||45 thousand to 50 thousand||1.25 Lakh|
|X-ray machine||50 thousand to 3 lakhs||1.5 million to 1.5 million|
|ECG machine||25 thousand 75 thousand||45 thousand to 5 lakhs|
MRP of foreign equipment is 3-4 times the actual cost.
1. Good quality Indian equipment cannot be supplied in private hospitals, as the MRP of the imported product is 3-4 times the cost of purchase. This earns both the company and the hospital.
2. Whenever there is a tender for an implant or any equipment in government hospitals, the lowest priced company is given prominence. In such a situation, Chinese or other foreign companies lose their bets.
3. Second-hand products from abroad also come to India. Especially ventilators, ultrasound and CT scan machines. In such a situation, Indian companies are unable to challenge cheaper prices.
4. Medical equipment coming to India from abroad attracts a maximum custom duty of up to 7.5%. Therefore, they are also available cheaply.
5. Many buyers ask for FDA approved products from the US, especially the corporate sector. Because of this, Indian products are out.
Spending on research, manpower in the country will have to increase
Former Director General of Health Dr. Jagdish Prasad says that if the equipment is indigenous, the price will be reduced by 50-70%. However, the government will have to spend a lot on research development and manpower.
At the same time, Rajiv Nath, the convener of the Association of Indian Medical Device Industry, says that if the government makes a policy by removing the problems of the indigenous manufacturer, India can become a global factory in this matter and we can make affordable devices.