The import of artificial body parts, aids, and appliances to India was valued at approximately 160 million USD in 2023. From 2024 to 2028, we anticipate a steady increase, with a compound annual growth rate (CAGR) of about 2.75% over five years. The year-on-year growth rate averages around 3% from 2024 to 2028, illustrating a modest yet stable upward trend driven by increased healthcare demands and technological adoption.
Future trends to monitor include:
- Advancements in prosthetic technology and materials facilitating more imports.
- Government policies and healthcare initiatives boosting accessibility to assistive devices.
- Economic factors influencing import tariffs and trade agreements which could impact import volumes and values.