Market Dynamics:

One of the major drivers responsible for growth of the India orthopedic braces and support casting and splints market is the rising prevalence of orthopedic diseases and injuries. According to the Indian Journal of Orthopaedics, around 60 to 70 million Indians suffer from musculoskeletal disorders on an annual basis. Moreover, increasing popularity of sports activities and road accidents has also contributed significantly to the disease burden. For instance, as per WHO road traffic crashes kill more than 1.35 million people each year globally and injure between 20-50 million more people. Hence, growing number of injuries and fractures is propelling demand for orthopedic braces, casts and splints thereby fuelling market growth over the forecast period.Additionally, launch of advanced orthopedic braces and support products equipped with innovative designs, lightweight materials and smart technologies is also boosting adoption and patient compliance in India. However, high cost of customized and sophisticated braces & supports in some cases along with lack of awareness especially in rural areas remain major challenges for market expansion. The market is projected to exhibit significant growth owing to the aforementioned factors during the forecast period.

SWOT Analysis

Strength: The India orthopedic braces and support casting and splints market has strong presence of established domestic players. These players have developed extensive distribution networks across the country to ensure availability of their products. Moreover, the rising disposable incomes have increased spending on healthcare in India.

Weakness: High costs associated with orthopedic braces and casting equipment poses a major challenge for widespread adoption in India. Additionally, lack of sufficient reimbursement policies further limits the affordability of such products.

Opportunity: Growing geriatric population prone to orthopedic disorders and injuries creates new opportunities. Moreover, increasing awareness about various orthopedic support devices would drive the demand. The government's focus on improving healthcare infrastructure also supports market growth.

Threats: Presence of cheaper alternative treatment options and cosmetic concerns over usage of external support devices are major threats. Moreover, lack of awareness in rural areas partly hinders the market's potential.


Key Takeaways

The Indian Orthopedic Braces And Support Casting And Splints Market Size  is expected to witness steady growth due to rapid aging of population and rising incidence of bone injuries. The market was valued at USD 0.5 billion in 2022 and is projected to reach USD 0.7 billion by 2030, expanding at a CAGR of 3.2% during the forecast period.

Regional analysis:

The western region accounts for the major share in India currently due to higher awareness and healthcare expenditure. States like Maharashtra and Gujarat have emerged as key markets. However, northern and southern regions are expected to offer high growth opportunities attributed to increasing disposable incomes and improving medical infrastructure.

Key players:

Key players operating in the Indian orthopedic braces and support casting and splints market are DJO Global, Zimmer Biomet, Össur Corporate, 3M, Bauerfeind, BSN Medical, and DeRoyal Industries. These established brands have strong brand recognition and hold major market share.

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