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Indian Government caps price of knee implants, 65 % price reduction for Cobalt-Chromium implants

Government fixes ceiling prices of Knee Implants. Based on the numbers of about 1 to 1.5 lakh orthopaedic knee procedures done in India every year, there will be a saving of about Rs.1500 crore for the people of India per annum.  “Walking the talk of Prime Minister, Shri Narendra Modi’s speech on Independence Day 2017, the Government has fixed the ceiling prices of orthopaedic implants used in knee surgeries from today”, informed Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar, while addressing the media at Delhi.

Kumar said that as per the data analysis of National Pharmaceutical Pricing Authority (NPPA), under Ministry of Chemicals & Fertilizers, there was huge margin in trade which was found to be unreasonable and in a way unethical ‘profiteering’. The NPPA, while fixing the ceiling prices, has kept all the new technology implants in mind and prices have been fixed accordingly, which are as follows:

Type of Knee Implant Average

MRP

Earlier

(Rupees) Average

Price

Reduction New Ceiling

Price and MRP*

(Rupees) Cobalt Chromium (most widely used) 1,58,324 65% 54,720 Special Metal like Titanium & Oxidized Zirconium 2,49,251 69% 76,600 High Flexibility Implant 1,81,728 69% 56,490 Revision Implants 2,76,869 59% 1,13,950 Specialised

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