Law to regulate medical devices market
Law to regulate medical devices market The government has decided to intoduce a new law to curb dumping of substandard medical equipment, and regulate the Rs 150 billion medical devices market in the country, reports Economic Times .
Science and Technology minister Kapil Sibal, said that they would venture into a new legislation to enforce uniform and effective standards throughout the country.
India will benefit by regulating the market for medical equipment from other countries.
He further added that some mechanism should be in place to check the quality of equipment being imported in the country.
About 85% of medical equipments are imported from others countries, these imports are valued at Rs 150 billion and are growing by 12 to 15 % annually.
A draft bill which has already been prepared, will seek to establish and maintain a national system of certification relating to quality, safety, efficacy and availability of medical devices.
