The National Pharmaceutical Pricing Authority-NPP has extended the exemption in knee implants by up to one year.
new Delhi. If you are suffering from knee discomfort and are thinking of getting a knee implant (Knee Implant), then this news is for you. The National Pharmaceutical Pricing Authority-NPP today reported that the exemption in knee implants has been extended for a year. Now this exemption will be applicable till 14 September 2021.
Discount extended for one year
According to the authority, this step will save customers Rs 1500 crore annually. The NPPA held a meeting on 6 August, in which 14 big companies were called. These 14 companies included 10 import companies and 4 domestic manufacturing companies. In this meeting, the relaxation in knee transplant was extended from 15 August to 15 September 2020. Now it has been extended for a year.
he price of implanting the first knee was fixed in 2017.
The NPPA first fixed the price of a knee transplant for one year in 2017. On 14 September 2020, the authority met again. In which it was noted that in 2017, the price of orthopedic knee transplant has come down by 69 percent. Also, the market share of domestic manufacturers has increased. This gives strength to self-sufficient India.
70% reduction in the price of the implant
Actually, knees are a common problem with time, while due to lifestyle, there is an increase in the number of serious patients. Earlier, the cost of such an operation was very high, from which people avoided the operation despite suffering. In view of this, the authority decided to cut prices by up to 70 percent, so that this facility reached more and more people.