- Up to 70,000 knee and hip replacement procedures performed each year in India
- Next 5-7 years will see 25-30% growth p/a in joint replacement market
- Indians prefer exercise to invasive surgery
LONDON--(BUSINESS WIRE)-- An increasingly ageing population afflicted with painful joint conditions such as arthritis is causing an significant increase in demand for orthopedic joint replacement procedures in India, according to a new report available from companiesandmarkets.com. Market growth is estimated to be in the region of 25-30% over the next five years.
Overview of Orthopedic Joint Replacement Market in India
A burgeoning economy, lifestyle changes, introduction of medical insurance, improvements to the healthcare industry and reduced cost of implants have seen the Indian orthopedic joint replacement market flourish. It is expected to increase by over 25% before the end of the decade.
The report explains that an obstacle to growth in the joint replacement market is the hesitation amongst sufferers to take surgical options, preferring holistic therapies such as physiotherapy and yoga. There are also concerns over success rates, the potential for infection, as well as the time required for recovery.
Furthermore, Indian surveys have shown limited awareness of the prevention of painful joint conditions, e.g. arthritis and osteoporosis, with only 10% of the population understanding their options in terms of diagnosis and treatment.
Within the Indian orthopedic joint replacement market research report are detailed profiles of the four leading players: DePuy Medical Pty. Ltd (Johnson & Johnson), Zimmer India Pvt Ltd, Stryker India Pvt Ltd and Smith & Nephew.
For the purposes of this report, the Indian orthopaedic joint replacement market has been segmented into the following three joint replacement types - knee joint replacement, shoulder and ankle joint replacement, and hip joint replacement. Also discussed are the uses of cemented and uncemented materials used in joint replacement procedures.
The 102 page publication provides a comprehensive overview of the market for orthopedic joint replacement in India, with forecast data to 2017. There is further discussion around the challenges and drivers of the industry, recent mergers and acquisitions, trends, market drivers and obstacles, growth potential of each segment, amongst others. The market is further analysed by means of SWOT and PESTLE analysis.
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INDUSTRY KEYWORDS: Surgery Health Communications Other Communications General Health