Indian medical devices challenged by low-cost Chinese imports
31-May-17, ET Healthworld
The Indian medical devices industry is facing an onslaught of low-priced Chinese imports, and it is being beaten by restrictive conditions on "perceived quality" in government and institutional tenders.
%20ET%20Healthworld.jpg "Indian medical devices challenged by low cost Chinese imports (c) ET Healthworld")
Image: ET Healthworld
The impact on domestic companies seems to be defeating the purpose of the 'Make In India' and 'Startup India' initiatives, as many manufacturing units are on the verge of closure without government procurement, industry experts say.
Data shows 30-odd medical devices are facing stiff competition from cheap Chinese imports. The imports account for anywhere from 5% to 95% of a segment. Certain diagnostic, ophthalmic surgical instruments, and instruments for measuring blood pressure and magnetic resonance imaging apparatus were impacted the most.