India Orthopedic Implants Market Size & Outlook, 2023-2030
India orthopedic implants market, 2018-2030 (US$M)
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India orthopedic implants market highlights
- The India orthopedic implants market generated a revenue of USD 791.4 million in 2023 and is expected to reach USD 1,256.3 million by 2030.
- The India market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, lower extremity implants was the largest revenue generating product in 2023.
- Dental is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic implants market data book summary
| Market revenue in 2023 | USD 791.4 million |
| Market revenue in 2030 | USD 1,256.3 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lower Extremity Implants, Spinal Implants, Dental, Upper Extremity Implants |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, NuVasive, Globus Medical Inc Class A, Arthrex, Enovis Corp, MicroPort Scientific Corp, ConforMIS, Exactech, Invibio, B. Braun, Acumed, Alphatec Holdings Inc, Integra Lifesciences Holdings Corp, Corin Group, Medacta Group SA Ordinary Shares, OrthoPediatrics Corp, Orthofix Medical Inc, FH Orthopedics, Enovis |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global orthopedic implants 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 implants 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 1,256.3 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 54.11% in 2023. Horizon Databook has segmented the India orthopedic implants market based on lower extremity implants, spinal implants, dental, upper extremity implants covering the revenue growth of each sub-segment from 2018 to 2030.
Several factors drive the market growth, including the increasing availability of minimally invasive procedures, a growing geriatric population, and a rising incidence of conditions like osteoporosis, osteoarthritis, & obesity.
According to a Lancet study, the obesity rate in India increased significantly from 1990 to 2022, with a rise from 1.2% to 9.8% in women and from 0.5% to 5.4% in men. Access to high-quality healthcare remains a challenge for most of the Indian population. Orthopedic hospitals are predominantly concentrated in Tier-I cities, a few Tier-II cities, and metropolitan areas.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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India orthopedic implants market size, by product, 2018-2030 (US$M)
India Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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