Orthopedic braces and support products such as casting and splints are widely used for injury management and pain relief. They provide immobilization and alignment support to knees, ankles, elbows, and wrists among others, thereby accelerating the body's natural healing process. Such products are designed to deliver optimal comfort and protection without hindering mobility.
The global India Orthopedic Braces And Support Casting And Splints Market is estimated to be valued at US$ 2.5 billion in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological Advancements in Material Science. Manufacturers are developing lightweight, comfortable and water-resistant braces made from innovative materials such as carbon fiber and breathable fabrics. They are focusing on combining stability with flexibility. Advanced composite materials allow braces to offer robust immobilization and customized fit without restricting joint movements. New generation braces resemble regular clothing in aesthetic appearance and offer discreet protection against sports injuries or post-surgery recovery. Their growing popularity among active consumers is expected to drive future market revenue growth.
Segment Analysis
The India orthopedic braces and support casting and splints market is segmented into lower extremity braces and support, upper extremity braces and support, and spinal braces & support based on product. Among these, the lower extremity braces and support segment has the major share in the market as these are widely used to provide support and immobilization to injured body parts like knees, ankles, etc.
Key Takeaways
The Global India Orthopedic Braces And Support Casting And Splints Market Demand is expected to witness high growth. The global India Orthopedic Braces And Support Casting And Splints Market is estimated to be valued at US$ 2.5 billion in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030.
Regional analysis:
The southern region holds the major share in India orthopedic braces and support casting and splints market owing to the high population density and early adoption of advanced orthopedic products. With rising healthcare infrastructure and awareness, the western and eastern regions are expected to witness high growth rates over the forecast period.
Key players:
Key players operating in the India orthopedic braces and support casting and splints market are DJO Global, Inc., Össur Hf, BSN medical, Prime Medical, Allied OSI Labs, DeRoyal Industries, Inc., Medi GmbH & Co., Zimmer Biomet, 3M, Orfit Industries N.V., and Spencer Italia S.r.l. Össur Hf and DJO global Inc. collectively hold over 35% of market share owing to their widespread product portfolio and distribution networks across the country.
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