India Orthopedic Devices Market to Grow at a CAGR of 7.71% during Forecast Period
Continuously increasing
geriatric population, rising prevalence of diseases such as diabetes, obesity, osteoarthritis, and
osteoporosis and increase in health care expenditure to drive India Orthopedic Devices
Market during the forecast period.
According to recently released TechSci
Research report “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 (North, South, East, West), Forecast & Opportunities, FY2016-FY2026” India Orthopedic
Devices Market is forecast to grow at a CAGR of 7.71% in value
terms to reach USD 2384.81 million by FY2026. Increase in geriatric population and prevalence
of diseases is expected to propel the market over the next five years. Further,
the rise in the health care expenditure and entrance of more domestic
orthopedic devices manufacturing companies in the market has enhanced the
accessibility and made orthopedic devices quite affordable to lower income
group which is further
projected to boost market growth until FY2026.
Browse over 18 market
data Figures spread through 70 Pages and an in-depth TOC on "India Orthopedic
Devices Market"
https://www.techsciresearch.com/report/india-orthopedic-devices-market/7256.html
The India Orthopedic Devices Market can
be segmented based on product type, application, end-user, company, and region.
Based on product type, the market can be fragmented into Joint reconstruction, Orthopedic
braces and supports, Trauma fixation, Spinal devices, Orthopedic prosthetics,
and Orthopedic accessories. The joint reconstruction in Orthopedic devices segment
is expected to witness significant growth during the forecast period due to
rising geriatric population. In by application segment, knee replacement is expected to hold a
significant market share over the next five years. Based on application, the market can be categorized into
knee replacement, spine injuries, hip replacement, shoulder replacement and
others (including anthroscopy and implants). The knee replacement is expected
to hold a significant market share over the next five years. This can be
accredited to the increasing rate of geriatric population.
Stryker India Pvt. Ltd., Zimmer India
Pvt. Ltd., Smith & Nephew Healthcare Pvt. Ltd., India Medtronic Pvt. Ltd.,
Globus Medical Pvt. Ltd., Auxein Medical Pvt. Ltd., Smit Medimed Pvt. Ltd., GPC
Medical Ltd., Femur Medical Pvt. Ltd. And TriMed Solutions (India) Pvt. Ltd.
are some of the companies operating in the Orthopedic Devices Market in India.
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“Orthopedic Devices Market in India
includes several players, including a blend of large multi-nationals as well as
small players forming a large unorganized market. Trauma fixation devices is
the fastest growing segment in Orthopedic devices market due to elevating rate
of road accidents and other afflictions. Whereas Joint reconstruction is the
dominating and expected to significantly control the market during the forecast
period too due to increase in population especially geriatric population” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global 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, Forecast & Opportunities, FY2016-FY2026” has evaluated the future growth potential of
India Orthopedic Devices Market and provides statistics and 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.
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