India Orthopedic Braces And Supports Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 241.41 Million |
| Market Size (2029) | USD 328.31 Million |
| CAGR (2024 - 2029) | 6.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Orthopedic Braces And Supports Market Analysis
The India Orthopedic Braces And Supports Market size is estimated at USD 241.41 million in 2024, and is expected to reach USD 328.31 million by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).
Factors such as the rise in bone fracture cases, the increasing prevalence of musculoskeletal disorders, and the growing number of road accidents and sport-related injuries are expected to boost market growth.
The rising prevalence of musculoskeletal diseases and the rise in bone fracture cases in India are expected to drive market growth, as they are expected to boost the usage of orthopedic supports and braces in the country. For instance, according to an article published by Heliyon in December 2023, awkward postures, repetitive movements, and workplace tiredness often trigger occupational musculoskeletal disorders, and they have a high burden on workers belonging to both organized and unorganized sectors in India. Hence, the high prevalence of musculoskeletal disorders in India is expected to drive the adoption of orthopedic supports and braces, which may drive the growth of the market studied.
Moreover, according to an article published by the Indian Journal of Orthopaedics in December 2023, various studies revealed the prevalence of osteoporosis in Indian women, ranging from 8% to 62%. Poor dietary calcium intake, low vitamin D, and lifestyle changes contribute to osteoporosis. Thus, the high prevalence of osteoporosis may lead to a large number of bone fracture cases, which may facilitate market growth, as these cases would lead to increased adoption of orthopedic supports and braces for rehabilitation.
Furthermore, the development of new orthopedic centers is also expected to enhance the market growth in the country, as these centers would lead to the increased usage of orthopedic braces and supports. For instance, in July 2023, The Government of Bihar announced the development of a new super specialty orthopedic center at Lok Nayak Jaiprakash Narayan (LNJP) Hospital in the state. This is expected to increase the usage of orthopedic braces and supports in India. Thus, owing to such factors, the market studied is expected to grow significantly over the forecast period.
Therefore, owing to the aforementioned factors, such as the rising prevalence of musculoskeletal diseases and the rise in bone fracture cases, the market studied is anticipated to grow over the analysis period. However, the negligence toward minor injuries and lack of awareness regarding the new orthopedic braces and supports are likely to impede the market growth.
India Orthopedic Braces And Supports Market Trends
The Ankle and Foot Segment is Expected to Witness Significant Growth Over the Forecast Period
Ankle and foot fractures are two of the most commonly diagnosed forms of trauma, which are managed by orthopedic doctors. The long-term effects are significantly characterized by pain and disability, and physical, psychological, and social factors into consideration. Stress fractures caused due to overuse and repetitive activity in the ankles and feet are very common among athletes. Factors such as the high prevalence of ankle and foot injuries and the rising number of road traffic accidents are expected to boost the studied segment’s growth.
For instance, according to the data updated by the Ministry of Road Transport and Highways in 2023, India has a very high prevalence of road traffic accidents. As per the data, a total of 461,312 road traffic accidents took place in India in 2022, which injured 443,366 persons. Thus, the large number of road traffic accidents in India is expected to boost the adoption of ankle and foot braces for recovery, driving the segment growth.
Moreover, according to an article published by the Journal of Foot and Ankle Surgery in January 2024, lateral ankle sprain (LAS) is a very common recurrent musculoskeletal injury noticed in primary care, podiatry, orthopedics, and physical therapy centers in India. The source also stated that LAS can result in significant pain, a lack of mobility, instability, and disability, which, in turn, serve as major risk factors for depression, dependability, and a reduced quality of life (QoL). Thus, such a high number of foot and ankle surgeries in India is expected to drive segment growth, as it would lead to an increase in the adoption of foot and ankle braces for rehabilitation.
Therefore, the ankle and foot segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
The Knee Segment is Expected to Hold a Significant Share of the Market Studied
The knee segment is expected to hold a significant share of the market owing to factors such as the increasing prevalence of knee fractures and the rising prevalence of orthopedic disorders such as osteoarthritis and osteoporosis. Moreover, the rising number of road traffic accidents and the increasing geriatric population in the country are also among the key factors contributing to the growth of the market studied.
For instance, according to an article published by the International Journal of Health Sciences and Research in October 2023, India has a high burden of osteoarthritis, with the prevalence of knee osteoarthritis in the country falling between 22-39%. The source also stated that osteoarthritis is much more prevalent in India than in Western countries, and it is one of the most common causes of joint dysfunction. Thus, the high prevalence of such disorders in India is also expected to increase the adoption of knee braces and supports, driving the segment growth.
Moreover, the high geriatric population in the country is also expected to boost segment growth as most knee problems are associated with elderly people. For instance, according to the data updated by the UN World Population Fund Dashboard in 2024, an estimated 7% of the total population in India is aged 65 years or over. Thus, the high geriatric population is also expected to boost segment growth in the country.
Therefore, owing to the aforementioned factors, such as the high geriatric population and the increasing prevalence of knee disorders, the knee segment is expected to witness growth during the forecast period.
India Orthopedic Braces And Supports Industry Overview
The Indian orthopedic braces and supports market is fragmented due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well known. Some of the key market players include Essity Medical Solutions, Solventum, Enovis (DJO LLC), Ossur, and Zimmer Biomet.
India Orthopedic Braces And Supports Market Leaders
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Essity Medical Solutions
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Ossur
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Zimmer Biomet
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Enovis (DJO LLC)
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Solventum
*Disclaimer: Major Players sorted in no particular order
India Orthopedic Braces And Supports Market News
- April 2024: 3M, a leading provider of orthopedic braces and supports, completed the planned spin-off of its healthcare business, which formally launched Solventum Corporation as an independent company.
- December 2023: Tynor Orthotics inaugurated a manufacturing facility in Punjab, India. This state-of-the-art manufacturing facility is set to diversify the company’s product range by manufacturing an array of healthcare solutions, including advanced knee braces.
India Orthopedic Braces And Supports Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Bone Fracture Cases Coupled With the Increasing Prevalence of Musculoskeletal Disorders
4.2.2 Growing Number of Road Accidents and Sport-related Injuries
4.3 Market Restraints
4.3.1 Negligence Toward Minor Injuries and Lack of Awareness Regarding the New Orthopedic Braces and Supports
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product
5.1.1 Lower Extremity Braces and Supports
5.1.1.1 Ankle and Foot
5.1.1.2 Hip
5.1.1.3 Knee
5.1.2 Spinal Braces and Supports
5.1.3 Upper Extremity Braces and Supports
5.1.3.1 Elbow
5.1.3.2 Hand and Wrist
5.1.3.3 Other Upper Extremity Braces and Supports
5.2 By End User
5.2.1 Hospitals
5.2.2 Orthopedic Centers
5.2.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Essity Medical Solutions
6.1.2 Solventum
6.1.3 Enovis (DJO LLC)
6.1.4 Ossur
6.1.5 OTTOBOCK
6.1.6 Zimmer Biomet
6.1.7 Bauerfeind
6.1.8 Becker Orthopedic
6.1.9 DeRoyal Industries Inc.
6.1.10 Vissco Healthcare Pvt. Ltd
6.1.11 Microgene Diagnostic Systems Pvt. Ltd (Accusure)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Orthopedic Braces And Supports Industry Segmentation
As per the scope of the report, orthopedic braces and supports are usually made of rigid materials, such as hard plastics, and soft materials, such as spandex, and are mostly used for immobilizing joints, allowing them to heal effectively.
The Indian orthopedic braces and supports market is segmented by product and end user. By product, the market is segmented into lower extremity braces and supports, spinal braces and supports, and upper extremity braces and supports. By lower extremity braces and supports, the market is segmented into ankle and foot, hip, and knee. By upper extremity braces and supports, the market is segmented into elbow, hand and wrist, and other upper extremity braces and supports. By end user, the market is segmented into hospitals, orthopedic centers, and other end users. The report offers market sizes and forecasts in terms of value (USD) for the above segments.
| By Product | |||||
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| Spinal Braces and Supports | |||||
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| By End User | |
| Hospitals | |
| Orthopedic Centers | |
| Other End Users |
India Orthopedic Braces And Supports Market Research Faqs
How big is the India Orthopedic Braces And Supports Market?
The India Orthopedic Braces And Supports Market size is expected to reach USD 241.41 million in 2024 and grow at a CAGR of 6.40% to reach USD 328.31 million by 2029.
What is the current India Orthopedic Braces And Supports Market size?
In 2024, the India Orthopedic Braces And Supports Market size is expected to reach USD 241.41 million.
Who are the key players in India Orthopedic Braces And Supports Market?
Essity Medical Solutions, Ossur, Zimmer Biomet, Enovis (DJO LLC) and Solventum are the major companies operating in the India Orthopedic Braces And Supports Market.
What years does this India Orthopedic Braces And Supports Market cover, and what was the market size in 2023?
In 2023, the India Orthopedic Braces And Supports Market size was estimated at USD 225.96 million. The report covers the India Orthopedic Braces And Supports Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Orthopedic Braces And Supports Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Orthopedic Braces And Supports Industry Report
Statistics for the 2024 India Orthopedic Braces And Supports market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Orthopedic Braces And Supports analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
