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Orthopaedic implants are medical devices or tissues that are placed inside human body for replacement of missing joint or bone or to provide support to damaged bone. Orthopedic implant market can be broadly divided into three major segments: Trauma Spine, Knee and Hip on the basis of the area of treatment. Indian orthopedic implant market has been made unprecedented progress in near past and is further projected to grow at meteoric growth rate in the upcoming years. More than 200,000 joint replacement surgeries takes place in India every year. By end of the year 2025, India is expected to have the highest number of joint replacement surgeries in the world.
Rapid advancement of orthopaedic devices in India is fuelled by rising incidences of osteoarthritis cases in India, ageing population, increasing access to healthcare facilities, adoption of minimally invasive surgeries and promotion of medical tourism in the nation. The market is expected to gain considerable impetus from recent government intervention which has mandated capping of knee implant prices. However, certain factors such as high procedure cost, lack of awareness about implants, incongruent implant designs and lack of domestic regulatory framework has been hindering growth of the market.
The report Indian Orthopaedic Reconstruction/Implants Knee, Hip, Trauma Spine Market 2022 provides information on the current scenario, detailed market outlook of the Indian orthopedic implant market. It further provides detailed analysis of various subsegments such as Hip implant, Knee implants, Trauma and Spine implants. Future forecasts of Indian orthopedic implants market overall and across various subsegments till 2022 is provided in the report. Furthermore, major industry players, both international and domestic, have been prudently analyzed in the competitive landscape section of the report in order to provide key comparative insights.
Major international industry players operating in the Indian orthopaedic reconstruction/implant market includes international players such as Stryker Corporation, Zimmer Biomet Holdings, Smith Nephew, DePuy Synthes, among others. Prominent Indian industry players include Narang Medical Limited, GPC Medical Ltd. and Apothecaries Sundries Mfg. Co. ASCO Medical. These players are profiled herein based on attributes such as business overview, product segments and financial analysis. It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global as well as Indian orthopaedic implants market.NEXT ARTICLE
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