India Prosthetics And Orthotics Market Size & Outlook
India prosthetics and orthotics market, 2017-2030 (US$M)
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India prosthetics and orthotics market highlights
- The India prosthetics and orthotics market generated a revenue of USD 315.9 million in 2022 and is expected to reach USD 499.5 million by 2030.
- The India market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 315.9 million |
| Market revenue in 2030 | USD 499.5 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, India accounted for 4.7% of the global prosthetics and orthotics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China prosthetics and orthotics 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 766.9 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India prosthetics and orthotics 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 prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 84.33% in 2022. Horizon Databook has segmented the India prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
India prosthetics and orthotics market is expected to grow at a CAGR of 5.8% over the forecast period due to various factors such as low price of implants, increased government initiatives to support amputees.
For instance, in September 2015, the Ministry for Social justice and Empowerment, Government of India has inaugurated the production facility for producing affordable lower limb prosthetic systems in Uttar Pradesh.
According to the latest National Crime Records Bureau data, in 2019, total of 4,37,396 road accidents was recorded across the country. There are an estimated 72.96 million cases of diabetes in adult population of the country.
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Target buyers of India prosthetics and orthotics market databook
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Our clientele includes a mix of prosthetics and orthotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into India prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India prosthetics and orthotics market size, by type, 2017-2030 (US$M)
India Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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