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The Global Bunion Correction Systems Market Size is valued at USD 817.28 million in 2023 and is predicted to reach USD 1,537.38 million by the year 2031 at an 8.35% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
With one in three Americans suffering from the ailment, bunions or hallux valgus is a common foot disorder among adults. The condition is most frequently brought on by wearing uncomfortable, narrow shoes for an extended period, foot injuries, and genetic foot issues. The producers of the fixation systems are focusing on the introduction of cutting-edge products that will support the market's revenue growth.
Additionally, both illnesses' symptoms include swelling and problems with joint movement, which are predicted to aid in the market's expansion. One important reason projected to drive the market demand is the availability of a wide range of surgical and non-surgical procedures to manage the problem, such as PROstep MIS, a non-invasive process. In general, orthopedic implants, bunion pads and tapings, painkillers, surgery, injections, and physical therapy are used to treat bunions.
The condition's increasing prevalence of treatment methods is anticipated to increase. The increasing number of techniques used to treat the illness is anticipated to accelerate market growth rate. Leading hospitals and toe fixation system manufacturers are working together to expand the market for these products.
Some major Bunion Correction Systems Market Players are:
The bunion correction systems market is segmented on the product and end-use. Based on product, the bunion correction systems market is segmented into implants & accessories and wearables. Based on end-use, the bunion correction systems market is segmented into hospitals, specialty clinics and others.
The market's leading segment is wearable. One important reason that is anticipated to boost the market is the increasing occurrence of bunions. Additionally, it is anticipated that the availability of wearables for various demographics, including the adult, pediatric, and geriatric populations, will further propel the segment's growth. In general, the wearables are used to support the joint to stop malpositioning and to control pain. The wearables do not, however, address bunions.
Hospitals grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The increase in patients having corrective procedures at the hospitals greatly impacts the market development. Additionally, the advent of less invasive surgery solutions for the illness is anticipated throughout the projection period to support sector growth further. Surgical methods typically entail removing the swollen tissue to realign and straighten the foot's bones and alleviate pain and swelling.
The North American bunion correction systems market is expected to register the highest market share in revenue shortly. The increasing number of people having corrective procedures to treat the issue is one factor that is accounted to have a beneficial impact on the segment's growth. The availability of minimally invasive implants that treat the bunion's underlying cause is anticipated to be a major driver of the segment's growth. In addition, Asia Pacific is projected to grow rapidly in the global bunion correction systems market. Increased activity, including acquisitions and mergers made by important regional industry operators, is the primary driver of market progress.
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 817.28 Mn |
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Revenue forecast in 2031 |
USD 1,537.38 Mn |
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Growth rate CAGR |
CAGR of 8.35% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Product And End-Use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Stryker Corporation; Arthrex, Inc.; Zimmer Biomet Holdings, Inc.; Wright Medical Technology, Inc.; Extremity Medical, LLC.; Acumed, LLC.; De Puy Synthes, Biomet, Inc.; CrossRoads Extremity Systems; BioPro, Inc.; Orthofix Holdings Inc.; OrthoHelix Surgical Designs |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Bunion Correction Systems Market Snapshot
Chapter 4. Global Bunion Correction Systems Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Implants & Accessories
5.2.2. Wearables
Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-users:
6.2.1. Hospitals
6.2.2. Ambulatory Centers
Chapter 7. Bunion Correction Systems Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.1.2. North America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2031
7.1.3. North America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.2.2. Europe Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2031
7.2.3. Europe Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.3.2. Asia Pacific Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2031
7.3.3. Asia Pacific Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.4.2. Latin America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2031
7.4.3. Latin America Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
7.5.2. Middle East & Africa Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2031
7.5.3. Middle East & Africa Bunion Correction Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Stryker Corporation
8.2.2. Arthrex, Inc
8.2.3. Zimmer Biomet Holdings, Inc
8.2.4. Wright Medical Technology, Inc
8.2.5. Extremity Medical, LLC
8.2.6. Acumed, LLC
8.2.7. De Puy Synthes
8.2.8. Biomet, Inc
8.2.9. CrossRoads Extremity Systems
8.2.10. BioPro, Inc
8.2.11. Orthofix Holdings Inc
8.2.12. OrthoHelix Surgical Designs
8.2.13. Other Prominent Players
Bunion Correction Systems Market By Product
Bunion Correction Systems Market By End-use
Bunion Correction Systems Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
