Medical devices industry and trade have been thriving in India with no regulatory control for a very long time despite the demand for these products has been steadily growing over the years. The main beneficiary of this industrial environment continues to be the multinational companies who dominate 80 per cent of the domestic market on their own terms. Although these are life saving products as medicines, the government never thought of bringing any quality monitoring and price control on these products for a long time leading to free marketing of these products at very high prices. The first initiative to bring a control on these products was 6 years ago, when the government classified 14 medical devices like cardiac stents, drug eluting stents, orthopaedic implants, etc.
