India Orthopedic Devices Market to Grow with a CAGR of 7.84% through 2030
Increasing number of large joint reconstruction
surgeries and alarming rise in the road accidents is expected to drive the India
Orthopedic Devices Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Orthopedic
Devices Market -Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is
anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being
driven by several factors. The most prominent ones include an increase in the
elderly population, who are more prone to orthopedic conditions such as
osteoporosis and arthritis. Moreover, the rise in sports injuries and road
accidents are also contributing to the demand for orthopedic devices.
Advances in technology and the introduction of
innovative implants and prosthetics have further propelled the market growth.
Additionally, government initiatives aimed at improving healthcare
infrastructure and the increasing prevalence of lifestyle diseases have led to
an upward trend in orthopedic surgeries, thereby fueling the market demand for
these devices.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "India
Orthopedic Devices Market”
India's
orthopedic devices market is undergoing significant expansion, driven by
several key factors. These include an aging population, a rising incidence of
conditions like osteoporosis and osteoarthritis, and an increase in
sports-related injuries and road accidents. Orthopedic devices encompass
medical equipment used for diagnosing, treating, or preventing skeletal
deformities and can be categorized broadly into joint reconstruction, spinal
devices, trauma fixation devices, orthobiologics, and arthroscopic devices. The
demand for these devices is primarily fueled by demographic changes, notably
the aging population and a rise in obesity and lifestyle-related ailments. As
the population ages, there is a corresponding increase in the need for
orthopedic interventions and devices. Additionally, initiatives by the
Government of India to enhance healthcare infrastructure and increase
healthcare spending are major contributors to market growth. Technological
advancements like 3D printing, robot-assisted surgeries, and smart implants are
further propelling market expansion by improving the precision and
effectiveness of orthopedic procedures. The integration of digital health
solutions and telemedicine services is also revolutionizing orthopedic care
delivery in India.
Despite
these growth drivers, challenges such as the high cost of devices and stringent
regulatory approval processes exist. Manufacturers and suppliers must navigate
complex regulatory frameworks to ensure compliance with quality and safety
standards. Pricing strategies also need to be carefully managed to ensure
affordability for patients. The orthopedic devices industry in India is highly
competitive, with both domestic and international players competing for market
share, which is fostering innovation in product development and pricing
strategies. The market is expected to continue its growth trajectory due to
factors such as an increasing number of hospitals and clinics and a shift
towards minimally invasive procedures. Additionally, India's appeal as a
medical tourism destination due to lower procedure costs, skilled doctors, and
quality healthcare facilities is boosting the market further. Looking ahead,
the future of India's orthopedic devices market appears promising, with
opportunities for growth in product design, materials, and surgical techniques
aimed at improving patient outcomes and quality of life. Collaboration between
industry players, healthcare providers, and research institutions will be key
to driving innovation and shaping the future of orthopedic care in India.
The India Orthopedic Devices Market is segmented into product
type, application, end user, regional distribution, and company.
Based on
end user, the hospital segment is currently dominating the India Orthopedic
Devices Market.
Orthopedic surgeries and treatments often require specialized
equipment and facilities that are typically available in hospitals. Procedures
such as joint replacements, spine surgeries, and trauma care necessitate the
use of advanced orthopedic devices, which are predominantly accessed and
utilized within hospital settings. Hospitals provide a comprehensive range of
orthopedic services, from diagnostics to surgical interventions and
post-operative care. This makes hospitals the primary destination for patients
requiring orthopedic treatments, thereby driving the demand for orthopedic
devices within these facilities. Hospitals generally have the infrastructure
and resources necessary to handle orthopedic cases efficiently. This includes
operating rooms equipped with specialized orthopedic instruments, advanced
imaging technologies (like MRI and CT scans), and dedicated orthopedic units
with trained medical staff. The reimbursement policies of health insurance
providers often favor hospital-based treatments, leading patients to choose
hospitals for orthopedic care. Insurance coverage and tie-ups with hospitals
also play a significant role in directing patients towards these facilities for
their orthopedic needs. Leading orthopedic surgeons and specialists are often
associated with hospitals, attracting patients seeking high-quality care. The
presence of renowned orthopedic departments and experts in hospitals further
strengthens the dominance of this segment in the market. Patients with
orthopedic issues are frequently referred to hospitals by primary care
physicians and specialists. This referral network ensures a steady flow of
orthopedic cases into hospitals, thereby sustaining the demand for orthopedic
devices within these settings.
Based on
region, North India is the fastest-growing region in the Orthopedic Devices
Market. North India, particularly states like Delhi, Uttar Pradesh, Haryana,
Punjab, etc., has a rapidly growing population. With a larger population comes
a higher incidence of orthopedic disorders and injuries, such as arthritis,
fractures, and sports-related injuries. This increased demand for orthopedic
devices is contributing to the market growth. Economic development in North
India has led to increased affluence among the population. As people become
wealthier, they are more willing and able to spend on healthcare services,
including orthopedic treatments and devices. This rising disposable income is
fueling the demand for advanced orthopedic devices. Investments in healthcare
infrastructure, including hospitals, clinics, and specialty orthopedic centers,
are on the rise in North India. Improved healthcare facilities mean better
access to orthopedic treatments and surgeries, which in turn drives the demand
for orthopedic devices. There is an increasing awareness among people in North
India about orthopedic conditions and the availability of treatment options.
This awareness, coupled with better access to healthcare services, leads to
earlier diagnosis and treatment of orthopedic ailments, thus boosting the
demand for orthopedic devices. Government initiatives aimed at improving
healthcare services and making orthopedic treatments more accessible and
affordable are also contributing factors. Subsidies, insurance coverage, and
public health programs focused on orthopedic care can stimulate market growth. The
orthopedic devices market is witnessing rapid technological advancements, such
as minimally invasive surgical techniques, 3D-printed implants, and advanced
prosthetics. These innovations are gaining traction in North India, attracting
both patients and healthcare providers towards adopting these advanced
solutions.
Major companies operating in India Orthopedic Devices
Market are:
- Globus Medical India Pvt.
Ltd.
- Auxein Medical Pvt. Ltd.
- Smit Medimed Pvt. Ltd.
- GPC Medical Ltd.
- Femur Medical Pvt. Ltd.
- Stryker India Pvt. Ltd.
- India Medtronic Pvt. Ltd.
- Zimmer India Pvt. Ltd.
- Smith+Nephew Healthcare Pvt.
Ltd.
- TriMed Solutions (India) Pvt.
Ltd.
Download
Free Sample Report
Customers can also request for 10%
free customization on this report
“In recent years, India has emerged as a leading hub
for orthopaedic surgeries, particularly in the field of joint replacement. The
rapid advancements in joint replacement technology have empowered doctors to
facilitate immediate post-surgery mobility for patients, allowing them to
comfortably walk out on the same day. Additionally, the effective integration
and utilization of robotics and Artificial Intelligence (AI) have created
unparalleled opportunities in the realm of orthopaedic procedures. The future
of the Orthopedic Devices Market in India looks promising, driven by the rise
in the aging population, increasing prevalence of orthopedic diseases, and
growing awareness towards advanced treatment modalities. With the advent of
cutting-edge technologies such as 3D printing, robot-assisted surgical
procedures, and AI-powered predictive analytics, the market is expected to
witness significant growth. Nonetheless, government initiatives to improve
health care infrastructure and encourage medical device manufacturers could
further propel the market's growth in the coming years.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“India Orthopedic
Devices Market By Product Type (Joint Reconstruction, Spinal Devices,
Orthopedic Braces and Supports, Trauma Fixation, Orthopedic Accessories,
Orthopedic Prosthetics), By Application (Hip Replacement, Knee Replacement,
Spine Injuries, Shoulder Replacement, Others), By End User (Hospitals,
Orthopedic Clinics, Ambulatory Surgical Centers, Others), By Region,
Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Orthopedic
Devices Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Orthopedic Devices
Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com