Orthopedic braces and support casting and splints are external devices used for treatment and rehabilitation of physical injuries such as bone fractures, sprains, muscle tears etc. These devices provide support, protection, stability and alignment to injured body parts. Some common orthopedic devices including elbow braces, knee braces, ankle braces, back braces, wrist braces and hand splints, shoulder immobilizers and leg casts. Increasing number of sports injuries and road accidents are boosting demand for orthopedic braces, casts and splints in India.
The Global India Orthopedic Braces And Support Casting And Splints Market is estimated to be valued at US$ 103.16 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the India Orthopedic Braces And Support Casting And Splints 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. The Indian orthopedic braces and support casting and splint market offers lucrative growth opportunities owing to rising medical tourism and government focus on healthcare infrastructure development. Key global players are expanding their presence in India through partnerships, collaborations and manufacturing facilities to tap into the large patient pool.
Market drivers: Increasing prevalence of lifestyle diseases such as obesity and diabetes leading to orthopedic conditions is a major growth driver. Rising geriatric population prone to bone injuries and fractures is also augmenting demand. Growing public awareness about early rehabilitation and non-invasive treatment options is boosting sales of orthopedic braces and splints.
Market restraints:
High cost of advanced India Orthopedic Braces And Support Casting And Splints Market Demand may limit adoption. Lack of reimbursement policies in developing regions also restricts market growth. Alternative treatment methods like pain killers and surgeries act as a restraint.
Segment Analysis
The India orthopedic braces and support casting and splints market is segmented into lower extremity bracing casting and splints and upper extremity bracing casting and splints. The lower extremity bracing casting and splints segment is dominating as it captures over 60% of the market share in 2024. Lower extremity injuries are more common compared to upper extremity injuries in India. The increasing prevalence of sports injuries and road accidents is driving the lower extremity bracing casting and splints segment.
Regional Analysis
In terms of regional analysis, South India captured the largest market share in 2024 in India orthopedic braces and support casting and splints market followed by West India. South India is projected to grow at the highest CAGR during the forecast period owing to increasing prevalence of osteoporosis and arthritis coupled with rapid modernization and increasing healthcare expenditure in the region. Access to advanced treatment options and healthcare infrastructure along with growing public awareness are some of the factors contributing to market growth in South India.
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