The import of artificial body parts, aids, and appliances to India has shown varied trends over the past decade. Standing at 184.84 thousand kilograms in 2023, the imports witnessed a year-on-year increase of 3.34% from 2022. The past two years saw an average growth rate of around 3.43%. Over the last five years, the Compound Annual Growth Rate (CAGR) has been approximately 6.59%, indicating a steady rise in imports.
From 2013 to 2017, the imports fluctuated, with occasional drops in value. However, since 2018, there has been a consistent upward trend, demonstrating a growing demand for these products. Forecast until 2028 projects a CAGR of 2.24%, anticipating a gradual increase leading to a projected 213.0 thousand kilograms.
Future trends to watch for include advancements in medical technology, increased accessibility to healthcare, and growing awareness regarding artificial body parts and aids. Changes in healthcare policies and economic factors could also significantly impact these import trends.
