India Prosthetics Market Research Report and Industry Forecast

India Prosthetics Market Overview:

The India prosthetics market size reached USD 56.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 86.0 Million by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The market share is driven by rising amputations, expanding insurance coverage, and technological advancements. Additionally, increasing accident and disease-related amputations are catalyzing the demand for prosthetic solutions.

India Prosthetics Market Trends:

Rising Incidence of Amputations

Rising incidence of amputations is significantly driving the India prosthetics market outlook by fueling patient demand. Road accidents, diabetes-related complications, and vascular diseases are leading to a surge in amputations. As per market report, in Bihar, road accidents rose by 1.9% from January to September 2024 compared to the same period in 2023, reaching 8,452 cases. A growing elderly population is also experiencing limb loss due to age-related health conditions. More cases of trauma injuries in industrial and construction sectors are further adding to amputations. These rising numbers are directly creating a higher need for prosthetic limbs and assistive devices. Patients require advanced prosthetic solutions to regain mobility, independence, and overall quality of life. Healthcare providers and rehabilitation centers are expanding services for catering to amputees' increasing needs. Prosthetic manufacturers are developing innovative, affordable, and customized solutions for a growing number of users. NGOs and awareness campaigns are also helping patients access necessary prosthetic solutions for daily activities. Technological advancements are further enhancing functionality, comfort, and customization for amputees across India.

Expanding Insurance Coverage

Expanding insurance coverage is strengthening the India prosthetics market growth by reducing financial burdens on patients. More health insurance policies are now including prosthetic limbs and assistive devices under their coverage. This inclusion is making advanced and high-quality prosthetics more accessible to a larger patient population. As per IBEF, India's life insurance sector witnessed robust growth in Q1 FY25, with first-year premiums rising by 22.91% year-on-year to ₹89,726.7 crore (US$ 10.75 billion), compared to ₹73,004.87 crore (US$ 8.75 billion) in Q1 FY24. This growth indicates a broader insurance penetration, making healthcare and prosthetic solutions more affordable. Patients with coverage can afford better prosthetic solutions, improving mobility, comfort, and overall quality of life. Increased insurance support is also encouraging more people to opt for technologically advanced prosthetic devices. Insurance companies are collaborating with hospitals, rehabilitation centers, and prosthetic manufacturers to streamline claim processes. Easier reimbursement policies are allowing faster adoption of prosthetics among individuals requiring limb replacements. Government-sponsored health schemes are providing financial aid for low-income groups needing prosthetic assistance. Private insurers are also expanding coverage options, ensuring affordability for various socio-economic segments. More insurance-driven accessibility is leading to higher demand for prosthetic devices, fueling market growth. Manufacturers are responding by developing innovative, cost-effective, and customized prosthetic solutions for insured patients.

India Prosthetics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product, design, and end user.

Product Insights:

• Upper Extremity Prosthetics
• Lower Extremity Prosthetics
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes upper extremity prosthetics, lower extremity prosthetics, and others.

Design Insights:

• Exoskeletal Design
• Endoskeletal Design

A detailed breakup and analysis of the market based on the design have also been provided in the report. This includes exoskeletal design and endoskeletal design.

End User Insights:

• Prosthetics Clinics
• Hospitals
• Others

The report has provided a detailed breakup and analysis of the market based on the end user. This includes prosthetics clinics, hospitals, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Prosthetics Market News:

• In October 2024, SPARSH Hospitals introduced a state-of-the-art on-site 3D printing lab at its Infantry Road facility in Bengaluru. This advanced facility integrates 3D printing technology to improve orthopedic and personalized medical care, providing seamless solutions from scanning to custom model creation.
• In February 2024, Prayaas, the social responsibility initiative of IIM Bangalore's Executive Post Graduate Programme in Management (EPGP), organized a Free Prosthetic Limb Camp, in collaboration with Bhagwan Mahaveer Viklang Sahayata Samiti (Jaipur Foot). The camp offered above-knee prosthetics, calipers, and below-knee prosthetics to the first 50 registered candidates, enhancing their mobility and quality of life.

India Prosthetics Market Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India prosthetics market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India prosthetics market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India prosthetics industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.