In 2023, imports of orthopaedic and fracture appliances to India were valued at approximately 19.87 million USD. From 2024 onwards, the forecast shows a steady increase: 20.24 million USD in 2024, escalating to 21.682 million USD by 2028. The year-on-year growth rates from 2024 to 2028 average around 1.5-2% annually, indicating a steadily rising demand. Over five years (2024-2028), the compound annual growth rate stands at roughly 1.7%.
Future trends to watch for include:
- Technological innovations enhancing product functionality may drive increased imports.
- Rising incidences of musculoskeletal disorders could escalate demand.
- Government healthcare policies impacting import regulations and duties.