India: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in India

The Indian orthopaedic appliances market expanded slightly to $X in 2022, picking up by 4% against the previous year. In general, consumption showed a buoyant expansion. Orthopaedic appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in India

In value terms, orthopaedic appliances production reached $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopaedic Appliances Exports

Exports from India

In 2022, the amount of orthopaedic appliances and splints exported from India rose significantly to X tons, surging by 8.9% against 2021. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, orthopaedic appliances exports rose notably to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons), Ethiopia (X tons) and the United States (X tons) were the main destinations of orthopaedic appliances exports from India, with a combined 17% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Ethiopia ($X) and the United States ($X) constituted the largest markets for orthopaedic appliances exported from India worldwide, together comprising 17% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, with an increase of 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Romania ($X per ton), while the average price for exports to Peru ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into India

In 2022, approx. X tons of orthopaedic appliances and splints were imported into India; growing by 32% compared with the year before. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 70%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, orthopaedic appliances imports soared to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), Singapore (X tons) and China (X tons) were the main suppliers of orthopaedic appliances imports to India, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopaedic appliances suppliers to India were the United States ($X), Singapore ($X) and China ($X), with a combined 80% share of total imports.

Singapore, with a CAGR of +45.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 34%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Switzerland ($X per ton), while the price for France ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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