Bunion Correction Systems Market Share, Size, Trends, Industry Analysis Report, By Product (Implants & Accessories, Wearables, and Others); By End-Use’ By Region; Segment Forecast, 2023- 2032

Bunion Correction Systems Market Share, Size, Trends, Industry Analysis Report, By Product (Implants & Accessories, Wearables, and Others); By End-Use’ By Region; Segment Forecast, 2023- 2032

The global bunion correction systems market size is expected to reach USD 1,381.42 million by 2032, according to a new study by Polaris Market Research. The report “Bunion Correction Systems Market Share, Size, Trends, Industry Analysis Report, By Product (Implants & Accessories, Wearables, and Others); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The extensive rise in the prevalence of minimally invasive procedures, which offers a shorter hospital stay, less postoperative pain, and a faster return to normal activities, and the availability of new and more improved systems with advanced features and characteristics are among the prominent factors propelling the market growth. Furthermore, the surge in the number of people engaged in physical activities like running and dancing that put stress on the feet and can cause bunions has led to increased need and demand for treatment procedures.

For instance, in December 2022, Arthrex unveiled its new minimally invasive bunionectomy system, an effective alternative to traditional bunion correction. It allows surgeons to achieve complete bunion correction with tiny incisions, decreased pain & swelling, and quick recovery compared to other open procedures.

In recent years, 3D printing technology has revolutionized the design and production of these systems, as, with the development and introduction of this technology, custom-made orthotics and implants can now be created quickly and affordably using 3D printing. Several types of implantable devices, such as the Lapiplasty 3D Bunion Correction System, have also been developed to correct bunions by addressing the major cause of the problem, not only the symptoms.

Numerous types of pain management techniques, including nerve blocks and many others, are being widely used across the globe to minimize the discomfort or pain during and after the bunion correction surgery, which leads to faster recovery times and overall improved patient outcomes, which in turn, positively influences the market worldwide.

In addition, many researchers and large research institutes across the world are highly focused on the exploration of new areas of bunion correction systems and related treatments, such as exploring the potential of stem cells and other regenerative therapies for effective bunion repair, which is creating lucrative growth opportunities and potential for the market.

Bunion Correction Systems Market Report Highlights

Wearables segment accounted for largest market share in 2022, on account of growing incidences of bunion worldwide and innovation in these devices for all age group patients

Hospitals segment held the significant market revenue share in 2022, which is mainly driven by surge in the number of patients opting for the procedures at hospitals and rising investments towards the incorporation of innovated systems

North America region dominated the global market with healthy share in 2022, owing to quick adoption of innovated techniques and systems and presence of well-developed healthcare infrastructure in the region

The global key market players include Zimmer Biomet Holdings, Stryker Corporation, Wright Medical Technology, Extremity Medical LLC, Orthofix Holdings, OrthoHelix Surgical Designs, and Arthrex

Polaris Market Research has segmented the bunion correction systems market report based on product, end-use, and region:

Bunion Correction Systems, Product Outlook (Revenue - USD Million, 2018 - 2030)

Implants & Accessories

Wearables

Others

Bunion Correction Systems, End-Use Outlook (Revenue - USD Million, 2018 - 2030)

Hospitals

Ambulatory Centers

Specialty Centers

Bunion Correction Systems, Regional Outlook (Revenue - USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa