Would treatment options for orthopaedics progressively become cheaper or dearer?
As treatment options become more established and widespread and improvements to techniques are made which reduce patient hospitalisation times, then we can expect to see treatment options becoming cheaper. In recent years, we have seen an increasing tendency of opting for orthopaedic surgery at a relatively early age… With faster recovery times and increased implant longevity, the trend towards undergoing elective surgery at a younger age is certainly being heralded as a stimulus to the US and European markets, and is one factor amongst many contributing to market growth. As far as India is concerned, how do you view the tariff system affecting the cost of critical components affecting the total cost of treatment? Indias bound tariff rates of as high as 40 per cent for orthopaedic products and 25 per cent for these products from most favoured nations, is a major issue; an obstacle to the major names in the industry penetrating the Indian market and also an obstacle to affordability f
