India Orthopedic Devices Market Size & Outlook, 2023-2030
India orthopedic devices market, 2018-2030 (US$M)
Related Markets
India orthopedic devices market highlights
- The India orthopedic devices market generated a revenue of USD 1,841.0 million in 2023 and is expected to reach USD 3,032.5 million by 2030.
- The India market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 1,841.0 million |
| Market revenue in 2030 | USD 3,032.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, India accounted for 3.0% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,032.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India orthopedic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to orthopedic devices market will help companies and investors design strategic landscapes.
Joint replacement/ orthopedic implants was the largest segment with a revenue share of 42.99% in 2023. Horizon Databook has segmented the India orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
Many businesses, including domestic and foreign competitors, make up the India orthopedic devices market. Imports, which provide goods of top quality and pricing, comprise more than 70% of the market. Key market drivers include rising availability of minimally invasive procedures, growing geriatric population, and increasing incidence of osteoporosis, osteoarthritis, & obesity.
According to National Family Health Survey-5 (NFHS-5), in 2022, one in four Indians is obese. At the national level, obesity has climbed from 21% to 24% among women and from 19% to 23% among males The vast majority of Indians lack access to high-quality healthcare.
Only the Tier-I cities, a few Tier-II cities, and metropolitan areas have the majority of orthopedic hospitals, including larger public hospitals. In India, urban areas with a population of 28% have access to 66% of the country's hospital beds.
Reasons to subscribe to India orthopedic devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India orthopedic devices market databook
-
Our clientele includes a mix of orthopedic devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into India orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India orthopedic devices market size, by product, 2018-2030 (US$M)
India Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
