Bunion (Hallux Valgus) Treatment Market Explosive Future Growth, Revenue and Forecast 2030
Bunions are frequent among those
who work in jobs that require much standing and walking, such as teaching and
nursing. Furthermore, vocations such as ballet dancers are prone to significant
cyclic stresses. As per MRFR, the market is estimated to gain a CAGR of
approximately 6.80% in the forecast period.
The altering demographics with an
augmented risk of health problems, and a developing senior population, are the
key factors driving the worldwide bunion
treatment market over the forecast period.
Segmental Analysis
The bunion treatment market is
segmented on the basis of diagnosis, treatment, and end-users. The bunion
treatment market is divided into four categories based on treatment: self-care,
gadgets, medical treatments, drugs, and surgery. Based on the diagnosis, the
bunion treatment market can be segmented into medical history, physical
examination, X-rays, and radiography. The bunion treatment market is divided
into podiatrists, research institutions, healthcare service providers, and
academic institutes based on the end-user.
Detailed Regional
Analysis
Due to the general
progressive lifestyle in the United States, the Americas are expected to hold
the highest share of the bunion treatment market. Due to significant technical
improvements, Europe is predicted to take second place in the bunion treatment
market in the next five years. Due to a growing older population and a growing
number of podiatrists, the Asia Pacific bunion treatment market is anticipated
to grow at the quickest rate over the projected period. Furthermore, extended
healthcare spending and evolving healthcare infrastructure are expected to
propel market expansion in this region all across the forecast period. The
Middle East, Latin America, and Africa are also anticipated to grow dramatically
during the next five years.
Competitive
Analysis
The continuation of occasional lockdowns in numerous regions may
cause the market expansion to be hampered if resources such as labor and supply
chains are severely impacted. The global market is expected to diversify in
operational techniques as innovative models for operation and delivery are
implemented. Government assistance is expected to support worldwide market
development in the next years. Due to the return of COVID cases in many locations,
the market may exhibit constrained growth. It is projected that the emphasis on
accumulating reserves of resources to deal with unexpected crises would impact
future market trends. Market developments and research are expected to generate
attractive growth opportunities in the next years. The reliance on online
commerce for sales is expected to increase significantly during the forecast
period, prompting market stakeholders to invest more in its growth.
The distinguished contenders in the bunion
treatment market Players are Arthrex, Inc. (U.S.), Smith & Nephew plc
(U.K.), Össur (Iceland), Acumed, LLC (U.S.), Extremity Medical, LLC (U.S.), De
Puy Synthes (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Wright Medical
Technology, Inc. (U.S.), Biomet, Inc. (U.S.), Integra LifeSciences Holdings
Corporation (U.S.), BioPro, Inc. (U.S.), Orthofix Holdings Inc. (U.S.), Tornier
N.V. (Netherlands), OrthoHelix Surgical Designs, Inc. (U.S.), Mondeal Medical
Systems GmbH (Germany), and Stryker Corporation (U.S.).
Industry Updates:
Nov 2021 Treace Medical Concepts, Inc., a commercial-stage orthopedic medical
device company pioneering a paradigm shift in the surgical treatment of hallux
valgus with its Lapiplasty® 3D Bunion Correction procedure, announced that the US
Patent and Trademark Office granted and issued a Notice of Allowance for the
Company's pending titled "Bone Positioning and Preparing Guide Systems and
Methods." The issued invention relates to techniques for moving the first
metatarsal with a positioning instrument, including those used in bunion repair
surgery. The granted patent application is about procedures for repairing a
bunion deformity that involves using a bone preparation guide and a positioning
tool.
https://www.dostally.com/read-blog/111378
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