Late to the regulatory game India's government authorities may be, but device companies need to be on their toes to not lose out on vast future market opportunities as the "Make in India" program takes shape. That is the view of international device regulatory and market access expert Ed Rozynski. And while India is on the up, is Japan losing its attractiveness?
For decades, India did not bother to regulate medical devices (except for a handful of higher-risk products) and allowed free pricing for devices.
Since more than 75% of medical device used in India are imported from the US and Europe, foreign firms have...