Orthopedic braces and supports are devices used for immobilization or to provide stability to injured bones and joints. They provide support for fractures, strains, or other orthopedic injuries and assist in effective movement and reduce pain. Increasing cases of road accidents, degenerative arthritis, and obesity are fueling demand for orthopedic braces and supports in India. The rising geriatric population is also expected to boost market growth over the forecast period. The elderly population is vulnerable to bone injuries and joint disorders that require support devices for effective treatment.

The global India Orthopedic Braces And Support Casting And Splints Market is estimated to be valued at US$ 89.54 Mn in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The growing geriatric population is one of the major drivers propelling growth of the India orthopedic braces and support casting and splints market. As per WHO, the population aged 65 years and above in India is projected to rise to 194 million by 2050 from 103 million in 2015. With age, risks of developing orthopedic conditions such as osteoporosis and arthritis increase which require external immobilization devices for treatment. This is expected to significantly drive demand for orthopedic braces and casts in the country over the forecast period. Moreover, increasing prevalence of obesity is another factor fueling the market growth. Obesity increases load on joints and bones causing joint pains and movement issues that need external support. According to a Global Burden of Disease Study, obesity prevalence in India increased from 12.6% in 2010 to 17.4% 2017. Growth in obesity cases is anticipated to propel usage of orthopedic braces in the country during the forecast period.

SWOT Analysis

Strength: The India orthopedic braces and support casting and splints market has a large young population which is more prone to orthopedic issues. The growing awareness and acceptance of orthopedic products is helping in market growth. The rising healthcare expenditure in India is driving more patients to opt for advanced orthopedic support devices.

Weakness: High pricing of premium orthopedic braces and lack of awareness in rural areas remains a challenge. Many local players provide low-cost substitutes which impacts sales of major brands. The low penetration of private health insurance further limits the addressable market size.

Opportunity: With rising income levels, more people can afford imported high-quality orthopedic products. The growing geriatric population suffering from orthopedic conditions offers an expanding customer base. Smart or digital orthopedic solutions are gaining popularity offering new avenues. Rising medical tourism is another factor augmenting the growth.

Threats: Stiff competition from local manufacturers poses pricing pressure. Strict regulatory approvals for new products can hamper timely launches. Changes in reimbursement policies or funding cuts can adversely impact the demand for some devices.


Key Takeaways

Global India Orthopedic Braces And Support Casting And Splints Market Size is expected to witness high growth. Western region has traditionally dominated the Indian market led by states of Maharashtra and Gujarat having concentration of major private hospitals and medical facilities. North region is another major market with availability of low cost multispecialty healthcare facilities attracting patients from neighboring regions. Eastern region provides growth opportunities for players with states of West Bengal and Odisha having developments in healthcare sector.

Regional analysis related content comprises the western region currently dominates the market owing to higher awareness levels and healthcare infrastructure. However, the southern region is expected to exhibit the fastest growth over the forecast period supported by expanding medical tourism and rising spend on orthopedic care.


Key players related content comprises

Key players operating in the India orthopedic braces and support casting and splints market are 3M, BSN medical, Zimmer Biomet Holdings, Inc., DJO, LLC, Stryker Corporation, Ottobock Holding GmbH & Co. KG, medi GmbH & Co. KG, Remington Products Company, Becker Orthopedic, Prime Medical Inc.,Tynor Orthotics Pvt Ltd., United Medicare, and Orthosys. 3M is one of the leading players catering to a diverse product portfolio. Other players focus on product innovation and geographic expansion to gain market share.

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