India faces a significant burden from increasing cases of orthopaedic disorders due to an ageing population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopaedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopaedic devices market is set to grow at a compound annual growth rate (CAGR) of around 5 per cent through 2033, forecasts GlobalData.
GlobalData’s research reveals that India accounted for around 13 per cent of the Asia-Pacific (APAC) orthopaedic devices market in 2024, driven by the rising incidence of musculoskeletal conditions. Additionally, increasing healthcare awareness and growing medical tourism are further fueling the market expansion.
Shreya Jain, Medical Devices Analyst at GlobalData, comments, “Despite its rapid expansion, India’s orthopaedic sector remains underserved, unable to keep pace with the growing need for services, and access to advanced orthopaedic care and high-quality devices remains limited in many regions. This gap presents a substantial opportunity for international collaborations to expand access to top-tier orthopaedic care across the country and address the growing needs of India’s orthopaedic patient population.”
In a major development, Alkem MedTech has recently signed an agreement with Exactech to manufacture and market Exactech’s large joint replacement implants in India. The collaboration grants Alkem MedTech marketing rights for Exactech’s brands, including Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation, and Novation CFS, in India.
Under the new partnership, Alkem MedTech will manufacture and market Exactech’s globally recognised knee and hip replacement implants in India, while also accessing Exactech’s design and manufacturing expertise. This development is accompanied by advancements such as advanced implant materials and the integration of augmented reality, which are gradually gaining momentum in the Indian orthopaedic market.
Jain concludes, “The focus on advancing orthopaedic care in India is likely to centre on integrating cutting-edge technologies and expanding access to advanced treatments. Fostering international partnerships will be crucial for leveraging foreign innovations and expertise, as well as for attracting investments in India’s orthopaedic sector.”
Edits made by EH News Bureau