India studying proposal to cap prices on certain medical devices

Moving to put the brakes on soaring medical device costs, India’s health ministry is floating a proposal to cap prices on commonly used products including stents, catheters, and some medical implants. If the changes under study are approved, price controls would be imposed for the first time on such devices. Currently, just five medical devices – cardiac stents, condoms, intrauterine devices, drug-eluting stents, and knee implants – are subject to government price controls. Discussions on the specific rules and the extent of the price controls are preliminary and ongoing.