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According to a new series of reports on the Indian orthopedic small joint devices market by iData Research (www.idataresearch.com), the extremity market is a very lucrative area in the orthopedic industry. The small bone and joint orthopedic device market is still emerging in India and is not as prolific as the large joint market. However, growth in this market will gradually increase as the number of product solutions for indications that have been traditionally underserved continues to expand. Driving factors include the aging population, more active young patients and increasing incidences of osteoarthritis.
India has one of the oldest populations in the world, which is expected to increase by 360% over the next 40 years. India is also the second most populous country in the world with a population of approximately 1.2 billion, which makes its arthroplasty market among the largest in the world. This trend is expected to continue, as the birth rate in India is one of the highest in the world at 22.2 births per 1,000 people.
“The largest segment of the Indian small bone and joint orthopedic device market is the shoulder reconstruction segment”, explains Dr. Kamran Zamanian, CEO of iData.
The hand and wrist device segment is the fastest growing market in the small bone and joint device market in India. This segment will continue growing at a double-digit rate over the next several years. One limiting factor to this market is the increased efficacy of pharmaceutical drugs for treating arthritic pain.
Depuy Synthes leads the overall Indian small bone and joint market due to their GLOBAL® product line which includes total shoulder, partial shoulder and resurfacing shoulder implants. They currently are the only major company in the growing Indian resurfacing shoulder implant market with their GLOBAL® CAP® CTA™. DePuy Synthes also leads the combined hand and wrist device market in India. This is largely based on the company’s strong position in the lucrative distal radius plate market where they sell their Variable Angle LCP Two-Column Volar Distal Radius Plate.
Stryker has the second strongest market share of the Indian small bone and joint market. They are the only company whose product portfolio spans across all small bone and joint markets in India. The company’s position is attributed to its offerings in the external fixation market due to strong sales of their HoffmanTM external fixation system. Stryker also has a strong presence in the shoulder reconstruction market segment with sales of their ReUnion® line of shoulder replacement devices. Additional competitors in the Indian small bone and joint device market include Zimmer Biomet, Evolutis, Orthofix, Arthrex, Apothecaries Sundries, Bakshi’s Elbow, Exactech, J.S. Medimax, Nebula Surgical, Ortho Care, Sharma Orthopedic, XL-Orthomed and other local manufacturers.
For Further Information
More on the small bone and joint market in India can be found in a series of reports published by iData Research entitled the India Market Report Suite for Small Bone and Joint Orthopedic Devices.