India Orthopedic Braces & Supports Market Overview, 2028

India Orthopedic Braces & Supports Market Overview, 2028

In recent years, India has emerged as a prominent location for orthopaedic procedures, particularly in the field of joint replacement. The rapid improvement of joint replacement technology allows doctors to offer patients mobility soon after surgery, and patients can easily walk out the same day. Furthermore, the effective adoption and application of robotics and artificial intelligence are creating new opportunities for the use of orthopedic braces and supports in India. The healthcare sector in India has evolved a great deal over the last couple of decades. This fast development has led to an impressive growth in the medical devices industry. Orthopedic devices contribute to a major part of medical devices industry and it plays a crucial role in providing pain relief, improving mobility, and enhancing the quality of life of the patients suffering from musculoskeletal disorders. Furthermore, the rising prevalence of obesity and related lifestyle disorders such as cardiovascular disease, among others, is a major factor driving the growth of the Indian orthopaedic braces and supports market. Furthermore, as healthcare expenditure continues to rise in India, more people are able to afford orthopaedic braces and supports. As a result, demand for these products has increased. The Government of India provides various supports for orthopedic braces and supports through its healthcare policies and programs. Ayushman Bharat Scheme: The Ayushman Bharat Scheme, launched in 2018, provides free healthcare coverage to economically vulnerable families. This scheme covers the cost of orthopedic braces and supports for eligible patients. Futhermore, the Indian Red Cross Society provides free or subsidized orthopedic braces and supports to economically vulnerable patients through its healthcare programs.

According to the research report ""India Orthopedic Braces and Supports Market Overview 2028,"" published by Bonafide Research, The India orthopedic braces and supports market is expected to grow at CAGR of 9.64% from 2023 to 2028. The increased prevalence of arthritis, spondylitis, and osteoporosis is driving the Indian orthopaedic braces and supports market. People are increasingly prone to musculoskeletal diseases as their sedentary lifestyles and geriatric and working populations increase. As a result, the demand for orthopaedic braces and support has increased since they provide patients suffering from musculoskeletal dysfunctions with a sensation of mobility. They are also used externally to retain, align, correct, and support joints after surgery. Furthermore, as the popularity of sports and fitness activities continues to rise in India, there is a growing demand for sports-specific braces that are designed to provide support and protection during sports activities. In addition people are becoming more aware of the benefits of non-invasive treatment options and are opting for orthopedic braces and supports to manage their conditions instead of opting for surgery. This trend is driving the growth of the orthopedic braces and supports market in India. Hybrid braces, which combine the benefits of rigid and soft braces, are gaining popularity in India. These braces provide the support of rigid braces and the comfort of soft braces, making them an ideal choice for patients with varying degrees of injury or discomfort.

The Indian Orthopaedic Association Annual Conference is a premier event in India that brings together orthopedic surgeons, researchers, and industry professionals to discuss the latest advancements in orthopedic care, including the use of braces and supports. Futhermore, various national-level workshops are organized in India to train healthcare professionals on the proper use of orthopedic braces and supports. These workshops help to improve the quality of care provided to patients and promote the effective use of orthopedic braces and supports. Several organizations in India conduct awareness campaigns to educate the public about the benefits of using orthopedic braces and supports. These campaigns aim to break the stigma associated with orthopedic conditions and promote the use of braces and supports to manage these conditions effectively.

According to the report, the market is segmented into, Knee Braces and Supports, Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, And Spine Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand & Wrist Braces and Supports, Facial Braces and Supports. The Knee braces and supports are the most used orthopedic braces and supports in India and is dominating the market as well. Furthermore, Knee braces and supports offer support and stability to people suffering from knee injuries or disorders like osteoarthritis. In India, many types of knee braces are used, including hinged knee braces, compression knee sleeves, and patella. There are other orthopedic braces and supports also used in India. Back braces are used to support the lower back and can be helpful for patients with conditions such as sciatica, herniated discs, or spinal stenosis. There are several types of back braces, including lumbar belts, sacroiliac belts, and full torso braces. The Hip, back and spine Orthopedic braces and supports are expected to grow with maximum CAGR during the anticipated period. Furthermore, Accidents such as car accidents and workplace accidents can result in hip, back, and spine injuries that require the use of orthopedic braces and supports for support and rehabilitation. Furthermore, the aging population in India is increasing, leading to a higher incidence of conditions such as osteoporosis, arthritis, and spinal stenosis. These conditions often require the use of orthopedic braces and supports for pain relief and support.

Based on distribution Channel, the market is segmented into Hospitals and Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, Other End Users (physiotherapy centers, government regulatory organizations, academic institutes, and CROs, among others). Hospitals are the primary distribution channel for orthopedic braces and supports in India, accounting for a significant share of the market. This is because hospitals have specialized departments and medical professionals who are trained to diagnose and treat musculoskeletal conditions, and can prescribe and fit orthopedic braces and supports for their patients. Additionally, hospitals often have partnerships with manufacturers and distributors of orthopedic braces and supports, which allow them to provide a wide range of products to their patients. However, the e-commerce segment is growing rapidly in India, driven by increasing internet penetration and the convenience of online shopping. E-commerce platforms offer a wide variety of orthopedic braces and supports, often at lower prices than traditional retail channels. This is attracting more customers to purchase orthopedic braces and supports online, leading to a shift in the market share from hospitals to e-commerce platforms.

Considered in this report
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• India Orthopedic Braces and Supports market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Knee Braces and Supports
• Ankle Braces and Supports
• Foot Walkers and Orthoses
• Hip, Back, And Spine Braces and Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand & Wrist Braces and Supports
• Facial Braces and Supports

By Distribution Channel
• Hospitals and Surgical Centres
• Orthopedic Clinics
• Pharmacies & Retailers
• E-commerce platforms
• Other End Users (physiotherapy centers, government regulatory organizations, academic institutes, and CROs, among others)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Orthopedic Braces and Supports industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.