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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Orthopedic braces are objects made of rigid materials such as hard plastics and soft materials including spandex or other tightly-knit fabrics designed to inhibit the movement of a joint. Braces are orthopedic products designed to relieve pain in the upper and lower extremity of the body. These also help in recovering from injuries and improve daily life. Casts and splints are wraps and are hard in nature. These are used as a support to protect and join the broken bones, ligaments, and tendons. Casts and splints provide immobilization to the area, where the bones are broken and maintain muscle activity and bone recovery.

The India orthopedic braces & support, casting & splints market is estimated to be valued at US$ 73.5 million in 2020 and is expected to exhibit a CAGR of 6.8% over the forecast period (2020-2027).

Figure 1. India Orthopedic Braces & Support, Casting & Splints Market Share (%), By Region, 2020

India Orthopedic Braces & Support, Casting & Splints  | Coherent Market Insights

Increasing cases of accidents and growing prevalence of orthopedic diseases are expected to drive the market growth over the forecast period 

Rising cases of accidents is expected to drive growth of the India orthopedic braces & support, casting & splints market. For instance, according to National Informatics Center, India recorded a total of 467,044 road accidents in 2018.

Furthermore, increasing prevalence of orthopedic diseases is fueling demand for orthopedic braces & support, casting & splints. This will, in turn, drive growth of the India orthopedic braces & support, casting & splints market. For instance, according to the National Institute of Health and Family Welfare (NIHFW), by the Ministry of Health and Family Welfare (MoHFW), Government of India data, osteoarthritis is the second most common rheumatologic problem and it is the most frequent joint disease with a prevalence of 22% to 39% in India in 2018.

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India Orthopedic Braces & Support, Casting & Splints Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 73.5 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.8% 2027 Value Projection: US$ 116.7 Mn
Geographies covered:
  • North India
  • South India
  • Central India
  • West India
  • East India
Segments covered:
  • By Type:
    • Orthopedic Braces & Supports: Upper Extremity Braces and Support, Low Extremity Braces and Support.
    • Casting Supplies & Equipment
    • Splinting Supplies & Equipment
  • By Distribution Channel: Orthopedic Clinics, Hospitals, OTC, E-commerce.
Companies covered:

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

Growth Drivers:
  • Increasing prevalence of orthopedic diseases
  • Rising cases of accidents
  • Growing prevalence of lifestyle diseases
Restraints & Challenges:
  • Variable reimbursement scenario
  • High cost associated with fiber material

Figure 2. India Orthopedic Braces & Support, Casting & Splints Market Share (%), by Type, 2020

India Orthopedic Braces & Support, Casting & Splints  | Coherent Market Insights

Increasing prevalence of lifestyle diseases & obesity, which leads to orthopedic disorders is expected to drive the market growth over the forecast period

Growing prevalence of obesity and related lifestyle disorders such as cardiovascular diseases, diabetes, etc. is also the major factor responsible for the growth of the India orthopedic braces & support, casting & splints market during the forecast period. For instance, according to one article published in The British Medical Journal, more than 135 million Indians are affected by obesity in 2018. Obese individuals are at a higher risk of orthopedic & musculoskeletal injuries as well as diabetes. These patients are at higher risk for orthopedic disorders, hence fuelling the growth of India orthopedic braces & support, casting & splints market.

India Orthopedic Braces & Support, Casting & Splints Market – Impact of Coronavirus (Covid-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in over 68.1 million infected individuals worldwide as of December 10, 2020. Moreover, according to Ministry of Health and Family Welfare, Government of India data, total 352,586 active COVID-19 cases were seen as of December 14 2020. Supply chain of orthopedic braces & supports, casting & splints have been hampered due to strict lockdown, and logistic constraint due to travelling hindrance. Quarantines, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending until the end of the third quarter of 2020.

India Orthopedic Braces & Support, Casting & Splints Market - Restraint

Variations in reimbursement scenario in different regions such as public & private player’s guidelines, and high cost associated with fiber material are some of the major factors which is expected to hinder the India Orthopedic Braces & Support, Casting & Splints market growth.

Key Players

Major players operating in the India orthopedic braces & support, casting & splints market include 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

Orthopedic braces and supports are widely used for ankle sprains and knee ligament injuries in sports & other injuries. They provide compression, support, and joint stability and often help alleviate joint pain in sports injuries and chronic conditions such as arthritis. The primary medical function of braces & supports include stabilization of a joint. The muscle receptors are stimulated with usage of these medical devices. These braces supports to alleviate oedema, effusions, and hematoma in orthopedic disorders. In case of permanent orthopedic impairments, they can maintain functions for proper body movement and prevent or reduce pain.

Market Dynamics

Rising aging population with orthopedic conditions, and increasing road accidents, sports injuries are some of the major factors that are expected to drive growth of the India orthopedic braces & support, casting & splints market. For instance, according to the Ministry of Road Transport and Highways, Government of India data, around 36 road accidents per one lakh population were reported across the country in 2017.

Key features of the study:

  • This report provides in-depth analysis of the India Orthopedic Braces & Support, Casting & Splints market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the India Orthopedic Braces & Support, Casting & Splints market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include 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
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The India Orthopedic Braces & Support, Casting & Splints market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India Orthopedic Braces & Support, Casting & Splints market

Detailed Segmentation:

  • India Orthopedic Braces & Support, Casting & Splints Market, By Type:
    • Orthopedic Braces & Supports
      • Upper Extremity Braces and Support
      • Low Extremity Braces and Support
    • Casting Supplies & Equipment
    • Splinting Supplies & Equipment
  • India Orthopedic Braces & Support, Casting & Splints Market, By Distribution Channel:
    • Orthopedic Clinics
    • Hospitals
    • OTC
    • E-commerce
  • India Orthopedic Braces & Support, Casting & Splints Market, By Region:
    • North India
      • By Type:
        • Orthopedic Braces & Supports
          • Upper Extremity Braces and Support
          • Low Extremity Braces and Support
        • Casting Supplies & Equipment
        • Splinting Supplies & Equipment
      • By Distribution Channel:
        • Orthopedic Clinics
        • Hospitals
        • OTC
        • E-commerce
    • South India
      • By Type:
        • Orthopedic Braces & Supports
        • Orthopedic Braces & Supports
          • Upper Extremity Braces and Support
          • Low Extremity Braces and Support
        • Casting Supplies & Equipment
        • Splinting Supplies & Equipment
      • By Distribution Channel:
        • Orthopedic Clinics
        • Hospitals
        • OTC
        • E-commerce
    • Central India
      • By Type:
        • Orthopedic Braces & Supports
          • Upper Extremity Braces and Support
          • Low Extremity Braces and Support
        • Casting Supplies & Equipment
        • Splinting Supplies & Equipment
      • By Distribution Channel:
        • Orthopedic Clinics
        • Hospitals
        • OTC
        • E-commerce
    • East India
      • By Type:
        • Orthopedic Braces & Supports
          • Upper Extremity Braces and Support
          • Low Extremity Braces and Support
        • Casting Supplies & Equipment
        • Splinting Supplies & Equipment
      • By Distribution Channel:
        • Orthopedic Clinics
        • Hospitals
        • OTC
        • E-commerce
    • West India
      • By Type:
        • Orthopedic Braces & Supports Orthopedic Braces & Supports
          • Upper Extremity Braces and Support
          • Low Extremity Braces and Support
        • Casting Supplies & Equipment
        • Splinting Supplies & Equipment
      • By Distribution Channel:
        • Orthopedic Clinics
        • Hospitals
        • OTC
        • E-commerce
  • Company Profiles
    • 3M*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • 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
    • Orthosys

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Technological Advancements
    • Recent Product Launch/Approvals
    • Regulatory Scenario
    • PEST Analysis
    • Mergers, Acquisitions, and Partnerships
    • Epidemiology
  4. India Orthopedic Braces & Support, Casting & Splints Market – Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • Supply and Demand Analysis
    • Research and Development
    • Government Initiatives
  5. India Orthopedic Braces & Support, Casting & Splints Market, By Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Orthopedic Braces & Supports
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Upper Extremity Braces and Support
        • Low Extremity Braces and Support
    • Casting Supplies & Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Splinting Supplies & Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. India Orthopedic Braces & Support, Casting & Splints Market, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Orthopedic Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • OTC
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • E-commerce
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. India Orthopedic Braces & Support, Casting & Splints Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North India
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • South India
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • Central India
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • East India
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
    • West India
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      •  3M
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • BSN medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Zimmer Biomet Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • DJO, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Össur Corporate
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ottobock Holding GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • medi GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Remington Products Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Becker Orthopedic
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Prime Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Tynor Orthotics Pvt Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • United Medicare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthosys
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 28 figures on "Orthopedic Braces & Support, Casting & Splints Market” - India Forecast to 2027

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Frequently Asked Questions

The India orthopedic braces & support, casting & splints market is estimated to be valued at US$ 73.5 million in 2020 and is expected to exhibit a CAGR of 6.8% between 2020 and 2027.
Increasing prevalence of orthopedic diseases, rising cases of road accidents & sports injuries, and increasing lifestyle diseases are expected to drive the market growth over the forecast period.
Orthopedic braces & supports segment is the leading product type segment in the India orthopedic braces & support, casting & splints market.
North India is expected to hold the largest market share in the India orthopedic braces & support, casting & splints market.
Variable reimbursement scenario, and high cost associated with fiber material are the major factors restraining growth of the India orthopedic braces & support, casting & splints market.
Major players operating in the India Orthopedic Braces & Support, Casting & Splints Market include 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
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