India Orthopedic Devices Market, By Product; By Application; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

List of Tables

India Orthopedic Devices Market Size Booming to Touch USD 2.24 Billion by 2030

India Orthopedic Devices Market is flourishing due to the rising burden of musculoskeletal disorders, growing geriatric population, and government support for healthcare infrastructure.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Orthopedic Devices Market size at USD 1.54 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Orthopedic Devices Market size to expand at a CAGR of 14.28% reaching a value of USD 2.24 billion by 2030. The Orthopedic Devices Market in India is propelled by the increasingly aging population, who are more prone to orthopedic ailments, such as osteoporosis and arthritis. Notably, the rise in sports-related injuries and road accidents has contributed substantially to the demand for orthopedic devices. Also, advancements in technology and the introduction of innovative implants and prosthetics have played a crucial role in driving market expansion. Other driving factors are the government initiatives aimed at enhancing healthcare infrastructure, coupled with the increasing prevalence of lifestyle diseases, have led to a notable uptick in orthopedic surgeries, thereby boosting the demand for orthpedic devices.

Opportunity - Growing medical tourism for orthopedic treatments

Over the past decade, the healthcare delivery sector has undergone a vast transformation, witnessing the establishment of several large multispecialty hospital chains offering world-class treatment options and facilities. These hospitals have thrived with the emergence of a more prosperous middle class demanding better quality healthcare. Additionally, a more recent trend has been the establishment of single-specialty chains in areas such as oncology, nephrology, and obstetrics, which offer focused, specialized care. These centers have also been instrumental in driving the growth in medical tourism to India. As a result, India Orthopedic Devices Market experiences growth from increasing medical tourism, driven by cost-effective procedures, skilled medical professionals, and quality healthcare facilities. International patients favor India for orthopedic treatments, bolstering market expansion. The country's top-notch healthcare infrastructure and proficient healthcare workforce elevate its attractiveness as a medical tourism hub.

Impact of Escalating Geopolitical Tensions on India Orthopedic Devices Market

Geopolitical tensions can have a multifaceted impact on the India Orthopedic Devices Market. Uncertainty stemming from geopolitical conflicts may disrupt supply chains, leading to shortages of critical medical supplies and materials for orthopedic devices. Additionally, economic instability resulting from geopolitical unrest can affect healthcare spending and investment, potentially hindering market growth. Moreover, heightened geopolitical tensions may deter foreign investments and collaborations, limiting technological advancements and innovation in the orthopedic sector. Overall, the India Orthopedic Devices Market may face challenges in maintaining stability and growth amidst escalating geopolitical tensions.

India Orthopedic Devices Market

Segmental Information

India Orthopedic Devices Market - By End User

On the basis of end user, the India Orthopedic Devices Market is divided into Hospitals & Surgical Centers, Orthopedic Clinics, and Ambulatory & Trauma Care Centers segments. The hospitals & surgical centers segment holds the highest share in the India Orthopedic Devices Market by end user. Orthopedic devices are predominantly utilized within hospital settings, where they are typically implanted via surgical procedures. This preference is largely due to the high volume of patients with orthopedic injuries seeking treatment in hospitals, facilitated by favorable reimbursement policies. Meanwhile, the ambulatory & trauma care centers segment is expected to witness the fastest growth rate during the forecast period. It is primarily due to the rising popularity of minimally invasive techniques that offer patients alternatives to traditional hospital-based care.

India Orthopedic Devices Market - By Region

Geographically, the India Orthopedic Devices Market is divided into North India, South India, East India, and West India regions. The South India region holds the highest share in the India Orthopedic Devices Market and is expected to maintain its dominance during the forecast period. It is primarily due to its advanced healthcare infrastructure, featuring modern hospitals and clinics equipped with cutting-edge orthopedic devices. The southern region of the country benefits from widespread health insurance coverage, encouraging individuals to seek orthopedic treatments and invest in the latest devices. Public awareness of medical technologies further drives South India's dominance, with a well-informed population actively seeking advanced treatment options. Additionally, the region's significant portion of aging population fuels demand for orthopedic procedures, including joint replacements and implants. These factors collectively position South India as a key player in meeting the demand for high-quality orthopedic devices and ensuring comprehensive healthcare for its population.

Competitive Landscape

The India Orthopedic Devices Market is fragmented, with numerous players serving the market. The key players dominating the India Orthopedic Devices Market include Stryker Corporation, Smith & Nephew, Zimmer Biomet, Medtronic, DePuy Synthes, Globus Medical, Narang Medical, Atlas Surgical, Auxein Medical, Integra LifeSciences, NuVasive, Sharma Orthopedic (India) Pvt Ltd, CONMED Corporation, DJO Global, GPC Medical, TriMed Inc., Hcm Orthocare, Matrix Meditec Pvt Ltd, NRV OrthoTech Pvt Ltd, and Orthofix. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Orthopedic Devices Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Orthopedic Devices Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24298

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. India Orthopedic Devices Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising burden of musculoskeletal disorders
  - 3.2.1.2. Growing geriatric population
  - 3.2.1.3. Government support for healthcare infrastructure
- 3.2.2. Restraints
  - 3.2.2.1. High cost of imported orthopedic devices
  - 3.2.2.2. Shortage of skilled orthopedic doctors
  - 3.2.2.3. Limited insurance coverage for procedures and devices
- 3.2.3. Opportunities
  - 3.2.3.1. Focus on domestic manufacturing for affordability
  - 3.2.3.2. Advancements in surgical techniques and biomaterials
  - 3.2.3.3. Growth of medical tourism for orthopedic treatments
- 3.2.4. Challenges
  - 3.2.4.1. Ensuring quality control and stricter regulations
  - 3.2.4.2. Fragmented market hindering standardization and distribution
  - 3.2.4.3. Presence of counterfeit products impacting safety and competition
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. India Orthopedic Devices Market: Marketing Strategies

5. India Orthopedic Devices Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Product
  - 5.2.1.1. Orthopedic Fixation Devices
  - 5.2.1.1.1. Internal Fixation Devices
  - 5.2.1.1.2. External Fixation Devices
  - 5.2.1.2. Orthopedic Replacement Devices
  - 5.2.1.2.1. Ankle Replacement Devices
  - 5.2.1.2.2. Hip Replacement Devices
  - 5.2.1.2.3. Knee Replacement Devices
  - 5.2.1.2.4. Shoulder Replacement Devices
  - 5.2.1.2.5. Elbow Replacement Devices
  - 5.2.1.2.6. Wrist Replacement Devices
  - 5.2.1.3. Orthopedic Prosthetics
  - 5.2.1.3.1. Solid Ankle Cushion Heel Prostheses
  - 5.2.1.3.2. Single-axial Prostheses
  - 5.2.1.3.3. Multi-axial Prostheses
  - 5.2.1.3.4. Dynamic Response Prostheses
  - 5.2.1.3.5. Microprocessor-controlled Prostheses
  - 5.2.1.4. Orthopedic Braces and Support Products
  - 5.2.1.4.1. Ankle Braces and Support Products
  - 5.2.1.4.2. Knee Braces and Support Products
  - 5.2.1.4.3. Foot Walkers and Orthoses
  - 5.2.1.4.4. Back, Hip, and Spine Braces and Support Products
  - 5.2.1.4.5. Shoulder Braces and Support Products
  - 5.2.1.4.6. Elbow Braces and Support Products
  - 5.2.1.4.7. Hand and Wrist Braces and Support Products
  - 5.2.1.4.8. Facial Braces and Support Products
  - 5.2.1.5. Spinal Implants and Surgical Devices
  - 5.2.1.5.1. Spinal Fusion Devices
  - 5.2.1.5.2. Spinal Non-fusion Devices
  - 5.2.1.6. Arthroscopy Instruments
  - 5.2.1.7. Ortho biologics
  - 5.2.1.8. Bone Graft Substitutes
- 5.2.2. By Application
  - 5.2.2.1. Fracture Treatment and Recovery
  - 5.2.2.2. Rheumatoid Arthritis and Osteoarthritis
  - 5.2.2.3. Ligament Injuries
  - 5.2.2.4. Neurological Disorders
  - 5.2.2.5. Diabetic Foot Diseases
  - 5.2.2.6. Spinal Fusion, Fixation, and Decompression
- 5.2.3. By End User
  - 5.2.3.1. Hospitals and Surgical Centers
  - 5.2.3.2. Orthopedic Clinics
  - 5.2.3.3. Ambulatory and Trauma Care Centers
  - 5.2.3.4. Others
- 5.2.4. By Region
  - 5.2.4.1. North India
  - 5.2.4.2. South India
  - 5.2.4.3. East India
  - 5.2.4.4. West India

6. North India Orthopedic Devices Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Application
- 6.2.3. By End User

7. South India Orthopedic Devices Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Application
- 7.2.3. By End User

8. East India Orthopedic Devices Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Application
- 8.2.3. By End User

9. West India Orthopedic Devices Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Application
- 9.2.3. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. India Orthopedic Devices Company Market Share Analysis, 2023
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Escalating Geopolitical Tensions on India Orthopedic Devices Market

12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

12.1. Stryker Corporation
12.2. Smith & Nephew
12.3. Zimmer Biomet
12.4. Medtronic
12.5. DePuy Synthes
12.6. Globus Medical
12.7. Narang Medical
12.8. Atlas Surgical
12.9. Auxein Medical
12.10. Integra LifeSciences
12.11. NuVasive
12.12. Sharma Orthopedic (India) Pvt Ltd
12.13. CONMED Corporation
12.14. DJO Global
12.15. GPC Medical
12.16. TriMed Inc.
12.17. Hcm Orthocare
12.18. Matrix Meditec Pvt Ltd
12.19. NRV OrthoTech Pvt Ltd
12.20. Orthofix
12.21. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC24298

List of Figures

Figure 1 India Orthopedic Devices Segmentation
Figure 2 India Orthopedic Devices Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Figure 5 India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Figure 6 India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Figure 7 India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Figure 8 North India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Figure 9 North India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Figure 10 North India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Figure 11 North India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Figure 12 South India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Figure 13 South India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Figure 14 South India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Figure 15 South India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Figure 16 East India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Figure 17 East India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Figure 18 East India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Figure 19 East India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Figure 20 West India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Figure 21 West India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Figure 22 West India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Figure 23 West India Orthopedic Devices Market Share, By End User, By Value, 2019-2030

List of Tables

Table 1 India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Table 2 India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Table 3 India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Table 4 India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Table 5 North India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Table 6 North India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Table 7 North India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Table 8 North India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Table 9 South India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Table 10 South India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Table 11 South India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Table 12 South India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Table 13 East India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Table 14 East India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Table 15 East India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Table 16 East India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Table 17 West India Orthopedic Devices Market Size, By Value (USD Million), 2019-2030
Table 18 West India Orthopedic Devices Market Share, By Products, By Value, 2019-2030
Table 19 West India Orthopedic Devices Market Share, By Application, By Value, 2019-2030
Table 20 West India Orthopedic Devices Market Share, By End User, By Value, 2019-2030
Table 21 Stryker Corporation Company Overview
Table 22 Stryker Corporation Company Overview
Table 23 Smith & Nephew Company Overview
Table 24 Smith & Nephew Company Overview
Table 25 Zimmer Biomet Company Overview
Table 26 Zimmer Biomet Company Overview
Table 27 Medtronic Company Overview
Table 28 Medtronic Company Overview
Table 29 DePuy Synthes Company Overview
Table 30 DePuy Synthes Company Overview
Table 31 Globus Medical Company Overview
Table 32 Globus Medical Company Overview
Table 33 Narang Medical Company Overview
Table 34 Narang Medical Company Overview
Table 35 Atlas Surgical Company Overview
Table 36 Atlas Surgical Company Overview
Table 37 Auxein Medical Company Overview
Table 38 Auxein Medical Company Overview
Table 39 Integra LifeSciences Company Overview
Table 40 Integra LifeSciences Company Overview
Table 41 NuVasive Company Overview
Table 42 NuVasive Company Overview
Table 43 Sharma Orthopedic (India) Pvt Ltd Company Overview
Table 44 Sharma Orthopedic (India) Pvt Ltd Company Overview
Table 45 CONMED Corporation Company Overview
Table 46 CONMED Corporation Company Overview
Table 47 DJO Global Company Overview
Table 48 DJO Global Company Overview
Table 49 GPC Medical Company Overview
Table 50 GPC Medical Company Overview
Table 51 TriMed Inc. Company Overview
Table 52 TriMed Inc. Company Overview
Table 53 Hcm Orthocare Company Overview
Table 54 Hcm Orthocare Company Overview
Table 55 Matrix Meditec Pvt Ltd Company Overview
Table 56 Matrix Meditec Pvt Ltd Company Overview
Table 57 NRV OrthoTech Pvt Ltd Company Overview
Table 58 NRV OrthoTech Pvt Ltd Company Overview
Table 59 Orthofix Company Overview
Table 60 Orthofix Company Overview
Table 61 Other Prominent Players Company Overview
Table 62 Other Prominent Players Company Overview

India Orthopedic Devices Market, By Product; By Application; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. India Orthopedic Devices Market Insights

4. India Orthopedic Devices Market: Marketing Strategies

5. India Orthopedic Devices Market Overview

6. North India Orthopedic Devices Market

7. South India Orthopedic Devices Market

8. East India Orthopedic Devices Market

9. West India Orthopedic Devices Market

10. Competitive Landscape

11. Impact of Escalating Geopolitical Tensions on India Orthopedic Devices Market

12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

13. Key Strategic Recommendations

14. Research Methodology

List of Figures

List of Tables