The global 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, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Orthopedic braces, supports, castings, and splints are medical devices that are used to immobilize, support, and protect injured or weak body parts, especially the musculoskeletal system. These products play a crucial role in orthopedic treatment by providing stability, pain relief, and enhancing the healing process. The rising incidence of orthopedic disorders, such as fractures, sprains, strains, and osteoarthritis, is driving the demand for orthopedic braces and supports in the Indian market. Additionally, the growing geriatric population and increasing awareness about the benefits of orthopedic braces and supports are further contributing to market growth.
Market Key Trends:
One key trend observed in the India Orthopedic Braces & Support, Casting & Splints Market is the increasing adoption of advanced materials in the manufacturing of orthopedic braces and supports. Traditional braces were made of materials like metal, which were heavy, uncomfortable, and limited mobility. However, with advancements in technology, manufacturers are now using materials such as fiberglass, carbon fiber, and latex-free neoprene, which are lightweight, flexible, and offer a better fit. These advanced materials provide improved patient comfort, breathability, and ease of use. Moreover, these materials are durable and have a higher load-bearing capacity, ensuring superior support and protection for the injured or weak body parts. The adoption of advanced materials in orthopedic braces and supports is expected to drive market growth
PEST Analysis:
Political: The political factors influencing the orthopedic braces and support, casting, and splints market in India are relatively stable. The government's focus on promoting healthcare and improving access to medical facilities is expected to positively impact the market. Regulations and policies related to healthcare infrastructure, quality standards, and pricing may also influence the market dynamics.
Economic: The economic factors affecting the market include the growing healthcare expenditure in India and the increasing affordability of orthopedic braces and support. The rising disposable income and overall economic growth contribute to the market's expansion. Moreover, the market is also supported by the presence of health insurance policies and reimbursement schemes.
Social: Social factors play a crucial role in the adoption and growth of orthopedic braces and support. The aging population, the prevalence of orthopedic conditions, and changing lifestyles leading to a sedentary lifestyle have increased the demand for orthopedic solutions. Moreover, the awareness and acceptance of orthopedic braces and support have significantly improved, driving market growth.
Technological: Technological advancements, such as the development of lightweight and durable materials for orthopedic braces and support, have positively impacted the market. Innovative designs and features that enhance comfort and mobility have also contributed to market growth. The integration of smart technologies, such as sensors and connectivity, has further expanded the scope of orthopedic solutions.
Key Takeaways:
The global Orthopedic Braces And Support, Casting, And Splints Market in India is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period. This growth is primarily attributed to the increasing prevalence of orthopedic conditions and the rising geriatric population. Furthermore, government initiatives to improve healthcare infrastructure and increasing disposable income contribute to market expansion.
Regionally, India is projected to be the fastest-growing and dominating region in the orthopedic braces and support market. The country's large population, increasing healthcare spending, and focus on improving medical facilities create a favorable market environment. Additionally, the presence of key players in the region further strengthens India's position in the market.
Key players operating in the India orthopedic braces and support, casting, and 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. These players have a significant presence in the market and contribute to its growth through product developments, collaborations, and strategic partnerships.
Report on World Orthopedic Braces & Support Casting & Splints Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comOrthopedic Braces & Support Casting & Splints market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/49745-world-orthopedic-braces-and-support-casting-and-splints-market-reportThe Players mentioned in our reportDJO GlobalOttobock3M CompanyBauerfeindDeRoyalMedi GmbH & Co.ZimmerLohmann & RauscherBregOssurTHUASNEORTECBSN MedicalTynor OrthoticsDUK-INPrime MedicalAdhenorAspenRcaiTruelifeHuici MedicalDynamic Techno MedicalsGlobal Orthopedic Braces & Support Casting & Splints Market: Product Segment AnalysisBraces & SupportCasting SuppliesSplinting SuppliesGlobal Orthopedic Braces & Support Casting & Splints Market: Application Segment AnalysisHospitalsRetail PharmaciesOnline SalesGlobal Orthopedic Braces & Support Casting & Splints Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Orthopedic Braces & Support Casting & Splints Market @ https://www.decisiondatabases.com/contact/download-sample-49745There are 10 Chapters to Deeply Display the World Orthopedic Braces & Support Casting & Splints Market.Chapter 1 About the Orthopedic Braces & Support Casting & Splints IndustryChapter 2 World Market Competition LandscapeChapter 3 World Orthopedic Braces & Support Casting & Splints Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Orthopedic Braces & Support Casting & Splints Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Orthopedic Braces & Support Casting & Splints Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-49745Other Reports by DecisionDatabases.com:World Orthopedic Braces System Market Research Report 2025 (covering USA, Europe, China, Japan, India, South East Asia and etc)World Orthopedics Devices Market by Product Type, Market, Players and Regions-Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The latest trending report Global Orthopedic Splints Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Orthopedic Splints market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Orthopedic Splints industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Orthopedic Splints and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/19284-orthopedic-splints-market-analysis-reportThe major players covered in Orthopedic Splints are:DJOORFITÖssur3M HealthcareZimmer BiometBSN MedicalMika MedicalDeRoyalLohmann & RauscherParker Medical AssociatesDarcoSpencerBy Type, Orthopedic Splints market has been segmented intoFiberglass SplintsPolyester SplintsOthersBy Application, Orthopedic Splints has been segmented into:HospitalOrthopedic ClinicThe report offers in-depth assessment of the growth and other aspects of the Orthopedic Splints market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Orthopedic Splints Market @ https://www.decisiondatabases.com/contact/download-sample-19284The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Orthopedic Splints product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Orthopedic Splints, with price, sales, revenue and global market share of Orthopedic Splints in 2018 and 2019.Chapter 3, the Orthopedic Splints competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Orthopedic Splints breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Orthopedic Splints market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Orthopedic Splints sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Orthopedic Splints Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19284Other Reports by DecisionDatabases.com:Global Orthopedic Surgical Power Tools Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Orthopedic Orthotics Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Orthopedic Shoes Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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