On Saturday, the Ministry of chemicals and fertilizers said, following the capping of prices by the National Pharmaceutical Pricing Authority (NPPA), 91% brands of five medical devices reported downward revision of prices.
The government regulatory agency has cut down prices for pulse oximeters, digital thermometer, nebulizers, glucometers and blood pressure monitors.
“It was further notified that the prices are to be revised by manufacturers or importers as per the formula prescribed … The revised prices shall be effective from 20 July, 2021,” read a July 23 office memorandum signed by Rajesh Kumar T, deputy director, medical devices, NPPA.
“In larger public interest, Government caps Trade Margin for 5 Medical Devices, effective from July 20; Pulse Oximeter, Blood Pressure Monitoring, machine, Nebulizer, Digital Thermometer, Glucometer. It will hugely reduce prices of Medical devices,” Union health minister Mansukh Mandaviya tweeted on Saturday.
