Bunion Surgery Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 


The bunion surgery market was estimated to be worth USD xx billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of xx.x% from 2024 to 2034, reaching USD xx billion. The market is stable and expanding since it is in line with the healthcare industry.

GROWTH DRIVERS 

One of the major factors propelling the market and the need for bunion surgery remedies is the increase in foot deformity incidents. About 23% of individuals between the ages of 18 and 65 and up to 36% of adults over 65 have this malformation, according to the National Institutes of Health (NIH). This malformation can develop in as many as 30% of adult females.

As of right now, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. By 2050, there will be 2.1 billion people worldwide who are 60 years of age or older, which will treble the market's demand. Additionally, patients' preference for less intrusive procedures fuels market demand because they are quicker to recuperate and cause less discomfort.

 

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MARKET SEGMENTATION: 

·         By Surgery Type- minimally invasive surgery and traditional surgery  

·         By Product Type- implant and fixation devices and surgical instruments 

·         By Patient Type- adult and pediatric 

·         By Distribution Channel- direct sales, distributors and retailers and online sales 

·         By End Users- hospitals, ambulatory surgical centers and orthopedic clinics 

·         By Regions- North America, Europe, Asia Pacific, South America, Middle East and Africa

The key recent news and development includes-

·         In August 2024, Ankle & Foot Centers of America introduced advanced, minimally invasive bunion surgery that aims to set new standards in foot care and patient recovery.

·         In February 2024, Paragon 28, Inc. launched the PRECISION MIS Bunion System, a minimally invasive surgical technique that enables surgeons to perform distal metatarsal osteotomies.

·         In July 2024, Stryker (US) acquired Artelon Inc. (Georgia), a company specializing in innovative soft tissue fixation products for foot and ankle, as well as sports medicine procedures. This acquisition enhances the soft tissue fixation portfolio of Stryker.

·         In May 2023, Medartis AG (Switzerland) acquired Nextremity Solutions, Inc. (US). The deal will help accelerate and scale its ongoing expansion activities in the US market, which is regarded as one of the major growth drivers for extremities business in the country.

Global Key Players:  

·         Stryker

·         Johnson and Johnson

·         CONMED Corporation

·         Zimmer Biomet

·        Smith & Nephew

·         Medartis AG

·         Enovis Corporation

·         BioPro, Inc.

·         Invamed

·         Paragon 28, Inc.

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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Location: United States

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