India Orthopedic Soft Tissue Repair Market Size & Outlook
India orthopedic soft tissue repair market, 2018-2030 (US$M)
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India orthopedic soft tissue repair market highlights
- The India orthopedic soft tissue repair market generated a revenue of USD 166.9 million in 2023 and is expected to reach USD 337.9 million by 2030.
- The India market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 166.9 million |
| Market revenue in 2030 | USD 337.9 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, India accounted for 2.5% of the global orthopedic soft tissue repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 360.7 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 42.06% in 2023. Horizon Databook has segmented the India orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
According to data NCBI, the prevalence of musculoskeletal disorders among the Indian population was approximately 25.9%. Musculoskeletal disorders, such as osteoarthritis, often cause soft tissue repair injuries. Osteoarthritis is rising at an alarming rate in India, affecting more than 15 million adults every year, especially women and geriatric population.
Hence, with growing geriatric population in India, the prevalence of osteoarthritis is also increasing, thereby contributing to the rapid growth of the market. Consequently, India provides high untapped opportunities for the soft tissue repair market. Furthermore, road accidents are also frequent in India, which is further expected to drive the market.
The rise in the number of new multispecialty hospitals in India is also one of the major factors contributing to market growth in the country. In addition, the increasing focus of major players on expanding and penetration the Indian soft tissue repair products market through mergers, acquisitions, & geographic expansions is driving growth.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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India orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
India Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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