India Orthopedic Braces And Support Casting And Splints Market Driven
Market Drivers
The primary growth driver for the India Orthopedic Braces And Support Casting And Splints Market is the rising number of sports injuries in the country. India has seen increased participation in sports like cricket, soccer, cycling, mountaineering etc over past decade. However, lack of adequate safety gear and infrastructure often leads to musculoskeletal injuries. This is driving sales of orthopedic support products.
Another key factor is increased incidence of bone-related diseases like osteoporosis in the aging Indian population. As per a study, about 25 million Indians suffer from osteoporosis induced bone fractures. This growing geriatric patient base requires long-term bracing and immobilization solutions to aid post fracture healing process.
Impact of geopolitical situation on India Orthopedic Braces And Support Casting And Splints Market growth
The current geopolitical instability and rising geopolitical tensions across various regions are negatively impacting the growth of India Orthopedic Braces And Support Casting And Splints Market Size . The ongoing Russia-Ukraine war has disrupted the global supply chains and increased inputs costs. This has reduced the access to key raw materials for manufacturing orthopedic braces, casts and splints in India. Additionally, the rising inflationary pressure due to high commodity prices is restricting the spending on treatment and orthopedic devices in the country. Moreover, the changing trade policies and relations with key trading partners is affecting the import and export of orthopedic products in India. All these geopolitical factors are posing challenges for the orthopedic devices market players in India.
To sustain growth in this dynamic environment, companies need to focus on developing indigenous supply chains and strategic local sourcing partnerships. They should also explore new export opportunities in non-traditional markets. Adopting advanced manufacturing technologies can help optimize production and reduce costs. Furthermore, investments in R&D to develop cost-effective and customized solutions as per the needs of Indian population will drive future growth. Collaborating with hospitals, physiotherapists and orthopedic associations can aid innovation and expand reach in rural areas.
Geographical concentration of India Orthopedic Braces And Support Casting And Splints Market
In terms of value, the India Orthopedic Braces And Support Casting And Splints Market is highly concentrated in major cities of North, West and South regions. Metropolitan areas like Delhi, Mumbai, Chennai, Bengaluru, Hyderabad and Kolkata account for over 60% of the total market size due to well-established healthcare infrastructure and growing patient pool with osteoarthritis, fractures and other orthopedic disorders. The availability of advanced private and public hospitals offering comprehensive orthopedic treatment attracts patients from across the country.
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