India's orthopaedic devices market to grow at 5% CAGR through 2033

It accounted for around 13% of the APAC market in the current year.

India’s orthopaedic devices market is projected to grow at a compound annual growth rate of approximately 5% through 2033, on the back of an increase in cases due to an ageing population, rising obesity rates, and high incidences of road accidents.

A GlobalData report revealed that India accounted for around 13% of the Asia Pacific (APAC) orthopaedic devices market in 2024.

One of the sector’s key developments is an agreement between Alkem MedTech and Exactech to manufacture and market Exactech’s knee and hip replacement implants in India. 

The partnership also grants Alkem MedTech marketing rights for Exactech’s brands, including Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation, and Novation CFS.

However, GlobalData medical devices analyst Shreya Jain noted that the country's orthopaedic sector remains underserved despite its rapid expansion due to many regions facing limited access to advanced care and high-quality devices.

“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,” Jain said.