Are you planning to build or restructure Orthopaedic Hospitals in India? Looking for information about the major Orthopaedic Hospitals that are available in India? Are you looking to find out which part of the of the city is best to venture in or what all facilities are available and what all should be planned for a new setup? In this article Hospaccx Healthcare Consultancy has mapped all on major players in terms of Orthopaedic Hospitals scenario in India.
Below is the superficial and macro level survey if you need a refined market and financial feasibility or any other study related to Orthopaedic Hospitals, you can contact Hospaccx Healthcare business consulting Pvt. Ltd. on info@hhbc.in or hospaccx.india@gmail.com Or you can visit our website on www.hhbc.in
Introduction
Joints in the human body undergo damage due to causes of disease, falls or injuries giving rise to various orthopaedic conditions. Orthopaedics is the medical specialty that focuses on injuries and diseases of your body’s musculoskeletal system. Osteoarthritis is one of the second most common orthopaedic problems in India with a prevalence of 22-39% and it may become the “osteoarthritis capital of the world” with over 60 million cases by 2025.
According to WHO, globally 9.6% of men and 18% women aged 60+ years have symptoms of osteoarthritis worldwide. Added to its increasing prevalence, is reported late with untreated/ill-treated cases or following missed diagnosis.
With contrasting inhabitation, only 250 million people can afford best of the treatment available, while 80% of population still depend on government run institutions to get orthopaedic care.
Due to increasing ageing population and increase in risk factors such as obesity and sedentary lifestyle, it could lead to more disability, reduced ability to function, reduced QOL and increase the risk of further morbidity.
Medical tourism is also a favoured in India due to low cost and high quality as compared to European countries. Hence, there is need to provide a minimum standard of orthopaedic care to all.
Global Orthopaedic Market
The global orthopaedics market valued at $50 billion in 2018 and it has been driven primarily by the growth of aging population.
According to the global market for hip and knee, surgical implants have cost at USD 17 billion. The global market income is projected to be USD 45.36 billion by 2021, USD $65 billion by2024.
Fig. Global Orthopaedic device market
In 2017, the number of orthopaedic surgery procedures performed worldwide totalled approximately 22.3 million. The number of procedures per year is forecast to grow at a 4.9% compound annual rate over the 2017-2022 interval, approaching 28.3 million by 2022 and making this one of the most rapidly growing surgical procedure categories.
Indian Orthopaedic Market
Fig. Showing age group with highest number of implant surgeries done in India
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