Why Medicine Prices Are Rising In India: The increasing tension between Iran, Israel and America is now affecting India’s healthcare sector as well. Pharmaceutical companies are expressing concern about disruptions in the supply chain, rising prices of raw materials and sudden jump in production costs. If this situation continues for a long time, its impact can reach the patients directly. In the form of shortage of medicines, delay and expensive treatment. Let us tell you which medicines will be affected.
Which medicines will be affected?
The biggest concern is about essential medicines used on daily basis. Medicines used in the treatment of fever, infection, diabetes and heart diseases can become vulnerable to this crisis. People associated with the industry believe that if costs continue to rise like this, it may be difficult for companies to continue production. For example, a common medicine like paracetamol, which is used in every household, may become expensive or may not be easily available. The same situation can also arise with antibiotics, diabetes and heart medicines. In such a situation, patients may have to change their medicine, may miss a dose or may have to spend more money.
Why will prices increase?
Actually, the root of this crisis is the sharp increase in the prices of raw materials. According to the pharma industry, the prices of active pharmaceutical ingredients, solvents and other essential substances have increased by 200 to 300 percent in just 15 days. The cost of making paracetamol has also almost doubled, from around Rs 250 per kg to Rs 450.
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The problem is also that many essential medicines including paracetamol come under government price control. Their prices are already fixed, so companies cannot increase the prices despite rising costs, which makes it difficult to maintain production. Not only the raw material, but also the cost of packaging is increasing rapidly. Aluminum foil, plastic and glass containers used in packing medicines have become expensive. These things are important for the safety and storage of medicines, hence they cannot be ignored.
How is it affecting?
Due to the ongoing tension in the Middle East, shipping routes have been affected, making transportation expensive and supplies slowing down. Usually companies keep stock for 3 to 6 months, but in the current situation uncertainty is increasing. Its biggest impact is on small and medium pharma manufacturers. These companies operate on low margins and handle a large portion of the supply of cheap medicines. Due to rising costs, many companies are considering reducing production or discontinuing some medicines.
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Disclaimer: This information is based on research studies and expert opinion. Do not consider this as a substitute for medical advice. Before adopting any new activity or exercise, please consult your doctor or relevant specialist.
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