Knee implants: Up to 450% mark-up on knee implants, govt may cap prices - News Summed Up

Knee implants: Up to 450% mark-up on knee implants, govt may cap prices


The prices of a range of products available in the market vary drastically. For instance, in case of Femoral — a device used in knee replacement surgery — the maximum landed price is Rs 29,470, whereas the MRP is Rs 1,69,123. The product is available to the distributor at Rs 83,000.The MRP of the total "knee system" is Rs 4,13,059, whereas the landed price for the importer is Rs 65,781, the NPPA analysis shows. It reveals that the distributor, who gets the product for Rs 1,67,162, earns a margin of Rs 2,45,297, or 147%, on the product.There is also a significant gap in the range of prices for any particular product. Thereafter, NPPA will be empowered to cap prices of knee implants.


Source: Times of India August 04, 2017 21:02 UTC



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