China Introduces New Pricing Policies for Devices

August 30, 2019

China’s State Council unveiled a plan to drive down high prices for medical devices and substitute expensive imports with locally made products.

The move echoes China’s approach to controlling drug prices. The government said it will take similar measures to “clean up” the market for high-value medical devices.

The cost containment measures include price cuts through group purchasing organizations and the creation of a more transparent supply chain.

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