Orthopedic braces and support casting and splints are medical devices that support injured or weakened joints or bones of the body. Braces are used to support limbs during the healing process of fractures, sprains and strains by providing immobilization and limiting movement to avoid further injury. Braces are usually made of lightweight yet durable materials such as thermoplastics, metal or composites and are custom fitted to distribute pressure evenly. Casting involves applying a durable material such as plaster of paris or fibreglass around the injured limb to immobilize it and help in set and heal fractures or broken bones. Splints are used to immobilize smaller body parts such as fingers, wrists or ankles. The need for orthopedic braces and support casting and splints arises due to injuries suffered from accidents, fall, sports or age-related deterioration of bones.
India Orthopedic Braces And Support Casting And Splints Market Is Estimated To Be Valued At US$ 73.5 Mn In 2024 And Is Expected To Exhibit A CAGR Of 6.8% Over The Forecast Period 2024 To 2031
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, Össur Corporate, 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 market is dominated by large multinational players owing to their robust product portfolios and distribution networks.
The India Orthopedic Braces And Support Casting And Splints Market Growht owing to rising cases of trauma injuries due to road accidents and fall in India. As per World Health Organization (WHO)data, India has the world's highest number of road accident fatalities with ~150,000 deaths reported annually. Rising sports injuries and participation in sports is also driving market growth.
Technological advancements in brace, casting and splint designs which provide better comfort, lightweight and allow increased mobility are enhancing patient compliance. Use of composite materials, 3D printing technologies and smart sensors are improving product efficacy and patient outcomes.
Market Trends
- Increased adoption of modular/customizable braces: Modular braces which can be customized based on the patient's condition allow for increased mobility and better healing outcomes. This is a major trend.
- Growing demand for telehealth solutions: Managed care providers are focusing on telehealth and remote patient monitoring solutions for orthopedic patients using smart sensors and mobile apps to remotely track recovery progress.
Market Opportunities
- Untapped rural markets: Limited availability of orthopedic support devices in rural areas presents an opportunity for players to penetrate deeper into rural India.
- Favourable regulation for local manufacturing: Government policies supporting local manufacturing of medical devices will encourage companies to set up local production and benefit from low-cost advantages.
Impact of COVID-19 on India Orthopedic Braces And Support Casting And Splints Market
The COVID-19 pandemic severely impacted the India Orthopedic Braces And Support Casting And Splints Market Size and Trends. Travel restrictions and social distancing led to fewer road accidents and sports injuries which reduced the demand for orthopedic products. Hospitals postponed elective orthopedic procedures to focus on COVID care. Supply chain disruptions led to shortage of raw materials for brace and cast manufacturers. The operating profits of companies declined significantly in 2020. However, as the restrictions were gradually lifted post the first wave, the market is recovering. The demand is increasing for post-COVID rehabilitation and treatment of chronic musculoskeletal issues that worsened during lockdowns. Teleconsultation helped bridge the gap to some extent. Going forward, companies are focusing on pandemic preparedness, investing in digital technologies, and strengthening supply chains to deal with future uncertainties. Safety of healthcare workers and patients will continue to be of high importance.
Geographical regions where market in terms of value is concentrated:
The India orthopedic braces and support casting and splints market is currently concentrated in urban centers of North India, with states like Delhi, Uttar Pradesh, Haryana and Punjab accounting for over 40% of the total market value. This is due to higher incidence of trauma and road accidents in this region. Easy access to advanced healthcare infrastructure and orthopedic facilities drives the demand. Metropolitan cities like New Delhi, Mumbai, Bengaluru are also major markets due to concentration of population, hospitals and availability of qualified orthopedists. However, with increasing health awareness and improving rural healthcare infrastructure, the rest of India including South and East markets are expected to grow at a faster pace going forward.
Fastest growing region for India Orthopedic Braces And Support Casting And Splints Market:
The South region of India, comprising states like Tamil Nadu, Karnataka, Andhra Pradesh and Kerala, is projected to be the fastest growing market for orthopedic braces and support casting and splints over the forecast period. This is attributed to factors like rapidly rising orthopedic disease burden due to sedentary lifestyles, growing med-tech investments in these states and increasing medical tourism. Cities like Chennai, Hyderabad and Bengaluru are emerging as healthcare hubs attracting vast population from within and outside the region for quality orthopedic treatments. Favorable government support through infrastructure development and health access programs are enabling higher uptake of technologically advanced braces, casts and splints in South India. By 2031, the South region is expected to contribute over 30% to India's orthopedic market value.
Get More Insights: India Orthopedic Braces And Support Casting And Splints Market
For More Insights Discover the Report In language that Resonates with you
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)