The increasing geriatric populace is more prone to orthopedic diseases due to organ deformities and maturing. Hence, the rising geriatric populace with more gamble to orthopedic disorders is expected to fuel the India orthopedic braces and support, casting, and splints market development during the forecast period. For instance, as indicated by the Ministry of Health and Family Welfare (MoHFW), Government of India information, around 45% of women over the age of 65 years in India have side effects of osteoarthritis in 2018 while 70% of those over 65 years show radiological evidence of osteoarthritis.
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Orthopedic braces and supports are medical devices prescribed by a specialist in case of injuries and illnesses of the body’s support system or ligaments and locomotor system which additionally promotes healing. It helps people to increase their versatility. Braces and supports stabilize, immobilize, and relieve the body or affected appendages, or provide physiologically correct guidance for body movement. Incorrect weight and malposition bearing can be prevented, counteracted, or corrected. In case of permanent impairments, they can keep up with elements of body movement and prevent or reduce torment. There are different types of materials used to make braces like metal, plastic, and fiberglass.
The COVID-19 pandemic has affected different industries around the world. The supply of key unrefined components for delivering medical devices has been severely disrupted due to the forced quarantine, and absence of work and natural substances. As the connection between regional warehouses isn’t smooth, the transportation of natural substances between regions can’t be carried out successfully. This shortage of unrefined substances and components has affected the store network of the India Orthopedic Braces and Support, Casting, and Splints market. Quarantine, travel requirements, and social separation measures are likely to lead to a steep decline in business and consumer spending for the rest of 2020. Moreover, due to the increasing prevalence of COVID-19, key players operating in the Orthopedic Braces and Support, Casting, and Splints market are zeroing in on research and development of novel items to support and battle the effect of COVID-19.
Furthermore, the developing number of street accidents and sports injuries are additionally fueling the development of the India orthopedic braces and support, casting, and splints market. For instance, as indicated by information provided by the Ministry of Road Transport and Highways, India, the absolute number of street accidents in India has increased to 464,910 in the year 2017 from 351,999 in 1995 the nation over.
The India orthopedic braces and support, casting, and splints market is expected to exhibit a CAGR of 6.8% during the forecast period, inferable from the rising maturing populace with orthopedic diseases, and developing demand for advanced medical devices used for orthopedic applications due to increasing lifestyle diseases like diabetes, joint inflammation, etc. For instance, as indicated by the concentration by SRL Diagnostics in India for a period of over 3 years, in 2017, it is estimated that joint inflammation affects over 180 million people in India.
Among types, the orthopedic braces and supports segment is estimated to stand firm on its prevailing foothold in the India orthopedic braces and support, casting, and splints market in 2020, attributable to increasing demand for these devices due to technological advancements, distribution tie-ups of multinationals with nearby players, and several advantages it offers in orthopedic diseases. For instance, in November 2016, Hyderabad-based Sandor Orthopedics Private Ltd. secured exclusive marketing freedoms of U.S.- based DJO Global’s Donjoy and Aircast range of orthopedic items, which included ankle and knee braces in India and SARRC countries.
Among distribution channels, the orthopedic clinics segment held the prevailing situation in 2019 in the India orthopedic braces and support, casting, and splints market. Awareness lobbies for orthopedic problems by clinics, increasing conference of the patient towards specialized clinics for orthopedic disease, and rising surgeries are some of the central points responsible for the development of this segment. For instance, Max Superspecialty Ortho Clinic, Hyderabad organized free ortho camps every month’s first Sunday at the Hyderabad center
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Among regions, North India is estimated to hold the largest market share in the India orthopedic braces and support, casting, and splints market in 2020, attributable to the increasing number of street accidents, larger patient populace with orthopedic problems, further developing healthcare expenditure, and early reception of technologically advanced items in significant cities like Delhi. For instance, as indicated by information provided by the Ministry of Road Transport and Highways, India, all out 30 street accidents per 1 lac populace were reported in Rajasthan just in 2017.
Key players operating in the India orthopedic braces and support, casting and splints market include Orthosys, United Medicare, Tynor Orthotics Pvt Ltd., Prime Medical Inc., Becker Orthopedic, Remington Products Company, Medi GmbH & Co. KG, Ottobock Holding GmbH & Co. KG, Stryker Corporation, Össur Corporate, DJO, LLC, Zimmer Biomet Holdings, Inc., BSN medical, and 3M.
Reasons to buy this India Orthopedic Braces & Support, Casting & Splints Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ India Orthopedic Braces & Support, Casting & Splints market size estimation and recent advancements in the industry are explained.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 India Orthopedic Braces & Support, Casting & Splints Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: India Orthopedic Braces & Support, Casting & Splints Industry Impact
Chapter 2 India Orthopedic Braces & Support, Casting & Splints Competition by Types, Applications, and Top Regions and Countries
2.1 India Orthopedic Braces & Support, Casting & Splints (Volume and Value) by Type
2.3 India Orthopedic Braces & Support, Casting & Splints (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 India Orthopedic Braces & Support, Casting & Splints Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 6 East Asia India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 7 Europe India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 8 South Asia India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 9 Southeast Asia India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 10 Middle East India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 11 Africa India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 12 Oceania India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 13 South America India Orthopedic Braces & Support, Casting & Splints Market Analysis
Chapter 14 Company Profiles and Key Figures in India Orthopedic Braces & Support, Casting & Splints Business
Chapter 15 India Orthopedic Braces & Support, Casting & Splints Market Forecast (2022-2028)
Chapter 16 Conclusions
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