India's orthopaedic and cardiac implant sector is expected to reach USD 4.5-5 billion by 2027-28, mainly driven by strong domestic demand and gradually growing exports, a report said on Monday. Currently, the orthopaedic and cardiac implant sector, including exports, stood at USD 2.4-2.7 billion in FY24, according to a report by CareEdge Ratings. The growth in the sector is led by increasing per capita income, greater healthcare awareness, ageing population, expanding healthcare infrastructure, and broadening insurance coverage, it stated. The report said that domestic manufacturers have grown at a faster pace than the dominant foreign MNCs in recent years, aided by their price competitiveness and a gradual build-up of an efficacy and safety track record. The segment is dominated by the presence of foreign multinational companies, which largely import the implants and sell them in India as the implant business requires strong technological capabilities, a proven track record of saf
Big opportunity for Franchise Model
The NPPA notified the ceiling price of orthopaedic knee implants on 16th August, 2017
After capping the prices of cardiac stents and proving that huge margins at various levels of the supply chains is why their prices of stents were sky high, the National Pharmaceutical Pricing Authority (NPPA) has started monitoring the prices of other medical devices as well. A recent report is on the margins in the supply chain for various orthopaedic implants. NPPA says the average margin on a full set of orthopaedic implants seems to be 313 per cent. The total trade margin is essentially the Maximum Retail Price (MRP) minus the import price. In this, distributor and hospital get a margin of 335 per cent; the company importing these implants earns a margin of 76 per cent. NPPA put orthopaedic implants into four categories -- femoral, tibial plate, insert and patella. The total margin in the case for femoral implants is 287 per cent. That to distributor and hospital is 120 per cent; the importer gets 76 per cent. The margins for tibial plate and patella are on the same lines. Fpr ...