In other regions, similar policies are enforced less stringently. In India for example, whilst there is a strong push for local manufacturing, with the Indian government offering incentives to convince vendors to produce systems locally, the objective from the government is to increase investment in India. In Brazil there is a 45% tax on imports and a preference of 10% in price if the product is made in Brazil. However, vendors can import and assemble systems in Brazil and still get certification, so long as a local component is included. The recent framework agreement announced between GE HealthCare and the Kazakhstan government will include localized production of medical equipment, including Ultrasound systems.
About the author: Mustafa Hassan is a senior market analyst at Signify Research. He is part of the Medical Imaging team that covers areas such as ultrasound, general radiography and machine learning in medical imaging. Signify Research provides healthtech market intelligence powered by data. The company blends insights collected from in-depth interviews with technology vendors and healthcare professionals, with sales data reported by leading vendors to provide a complete and balanced view of the market trends.Back to HCB News
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