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PUBLISHER: Grand View Research | PRODUCT CODE: 1147573
PUBLISHER: Grand View Research | PRODUCT CODE: 1147573
Bunion Correction Systems Market Size, Share & Trends Analysis Report By Product (Implants & Accessories, Wearables), By End Use (Hospitals, Ambulatory Centers, Specialty Centers), By Region, And Segment Forecasts, 2023 - 2030
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Bunion Correction Systems Market Growth & Trends:
The global bunion correction systems market size is expected to reach USD 1.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9 % from 2023 - 2030. The rising prevalence of bunions combined with an increasing number of procedures to treat the condition globally are expected to propel the market growth. Bunion correction systems are used to treat bunion, a foot deformity that occurs at the metatarsophalangeal joint. The increasing prevalence of the condition among the adult population is a key factor that is projected to positively impact market growth.
For instance, according to an article by NCBI, dated December 2021, the prevalence of bunion among the population was 24.9%. Moreover, increasing number of people undergoing surgeries to treat the condition is expected to increase demand for correction systems during the forecast period. For instance, according to an article by Private Clinic, about 1,200 bunion correction procedures are performed every year in the U.K. and Italy. The article also states that the procedures have a success rate of about 98%, which is expected to increase the demand for correction systems.
Moreover, changing lifestyle and an increased working population in developed and developing countries is expected to further contribute to market growth. The use of improper-fitting shoes which causes deformity in the foot anatomy and the growing prevalence of arthritis among the global population are other key factors that are anticipated to boost the market growth. According to an article by Mayoclinic, bunions can be associated with some types of arthritis especially inflammatory arthritis such as rheumatoid arthritis. Rheumatoid arthritis causes inflammation in the joints which increases the risk of developing a bunion.
Availability of minimally invasive surgery options for correcting the condition is expected to boost the growth of the market. For instance, Re+Line a Bunion Correction Systems by Zimmer Biomet is a minimally invasive compression plate used in bunion correction surgery. The system is designed for easy insertion and medial placement using Guide Technology. Moreover, increasing product approvals by Food and Drug Administration is expected to contribute to the growth of the market. For instance, In June 2019, Treace Medical Concepts Inc. a medical device company received approval for Lapiplasty 3D Bunion Correction Systems designed for pediatric patients above the age of 12. The system is designed to correct all three dimensions of bunion deformity which act as a root cause for the condition.
Rising number of initiatives such as mergers and acquisitions undertaken by key players in the market is expected to boost market growth. For instance, In February 2022, CrossRoads Extremity Systems a foot and ankle company based in Tennessee was acquired by DePuy Synthes. The company has a vast portfolio of implants and instrumentations that is cleared for the lower body. The acquisition will add products such as dynaBunion 4D, miniBunion 3D, and DynaForce Staple Compression Plates under its portfolio.
Bunion Correction Systems Market Report Highlights:
- In 2022, the wearables segment held the largest share of 51.9% due to the availability of wearables for different age groups
- In 2022, the hospitals segment contributed a 76.2% share. Factors such as a higher number of people undergoing correction surgeries at hospitals positively contributed to the segment growth
- In 2022, North America held the largest revenue share of 52.7% due to the high prevalence of the condition among the population
Product Code: GVR-4-68039-990-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definition
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.1.1. Purchased database
- 1.3.1.2. GVR's internal database
- 1.3.2. Primary Research
- 1.3.1. Information Procurement
- 1.4. Research Scope and Assumptions
- 1.5. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- 2.4. Bunion Correction Systems Market
Chapter 3. Bunion Correction Systems Market Variables, Trends, & Scope
- 3.1. Penetration and Growth Prospect Mapping
- 3.2. Market Dynamics
- 3.3. Bunion Correction Systems Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.3. Major Deals & Strategic Alliances Analysis
- 3.3.1. Industry Analysis - Porter's
Chapter 4 Bunion Correction Systems Market: Product Estimates & Trend Analysis
- 4.1. Definitions & Scope
- 4.2. Bunion Correction Systems Market: Product Movement Analysis, 2021 & 2030 (USD Million)
- 4.3. Implants & Accessories
- 4.3.1. Implants & Accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4. Wearables
- 4.4.1. Wearables market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Bunion Correction Systems Market: End Use Estimates & Trend Analysis
- 5.1. Definitions and Scope
- 5.2. Bunion Correction Systems Market: End-use Movement Analysis, 2021 & 2030 (USD Million)
- 5.3. Hospitals
- 5.3.1. Hospitals market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4. Ambulatory Centers
- 5.4.1. Ambulatory Centers market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5. Specialty Centers
- 5.5.1. Specialty Centers market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Bunion Correction Systems Market: Regional Estimates & Trend Analysis
- 6.1. Regional Market Snapshot
- 6.2. Bunion Correction Systems Market: Regional Movement Analysis
- 6.3. North America
- 6.3.1. North America market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.3.2. North America market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.3.3. U.S.
- 6.3.3.1. U.S. market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.3.3.2. U.S. market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.3.4. Canada
- 6.3.4.1. Canada market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.3.4.2. Canada market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Europe market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.2. Europe market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Germany market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.3.2. Germany market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4.4. U.K.
- 6.4.4.1. U.K. market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.4.2. U.K. market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4.5. France
- 6.4.5.1. France market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.5.2. France market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4.6. Italy
- 6.4.6.1. Italy market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.6.2. Italy market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.4.7. Spain
- 6.4.7.1. Spain market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.4.7.2. Spain market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.2. Asia Pacific market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5.3. Japan
- 6.5.3.1. Japan market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.3.2. Japan market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. China market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.4.2. China market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. India market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.5.2. India market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5.6. Australia
- 6.5.6.1. Australia market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.6.2. Australia market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. South Korea market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.5.7.2. South Korea market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Latin America market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.6.2. Latin America market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.6.3. Brazil
- 6.6.3.1. Brazil market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.6.3.2. Brazil market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.6.4. Mexico
- 6.6.4.1. Mexico market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.6.4.2. Mexico market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Argentina market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.6.5.2. Argentina market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.7. MEA
- 6.7.1. MEA market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.7.2. MEA market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.7.3. South Africa
- 6.7.3.1. South Africa market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.7.3.2. South Africa market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Saudi Arabia market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.7.4.2. Saudi Arabia market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
- 6.7.5. UAE
- 6.7.5.1. UAE market estimates and forecasts, by product 2017 - 2030 (USD Million)
- 6.7.5.2. UAE market estimates and forecasts, by end-use 2017 - 2030 (USD Million)
Chapter 7. Bunion Correction Systems Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. Public Companies
- 7.3.2. Private Companies
Chapter 8. Company Profiles
- 8.1. Stryker Corporation
- 8.1.1. Company overview
- 8.1.2. Financial performance
- 8.1.3. Product benchmarking
- 8.1.4. Strategic initiatives
- 8.2. Arthrex, Inc.
- 8.2.1. Company overview
- 8.2.2. Financial performance
- 8.2.3. Product benchmarking
- 8.2.4. Strategic initiatives
- 8.3. Zimmer Biomet Holdings, Inc.
- 8.3.1. Company overview
- 8.3.2. Financial performance
- 8.3.3. Product benchmarking
- 8.3.4. Strategic initiatives
- 8.4. Wright Medical Technology, Inc.
- 8.4.1. Company overview
- 8.4.2. Financial performance
- 8.4.3. Product benchmarking
- 8.4.4. Strategic initiatives
- 8.5. Extremity Medical, LLC.
- 8.5.1. Company overview
- 8.5.2. Financial performance
- 8.5.3. Product benchmarking
- 8.5.4. Strategic initiatives
- 8.6. Acumed, LLC.
- 8.6.1. Company overview
- 8.6.2. Financial performance
- 8.6.3. Product benchmarking
- 8.6.4. Strategic initiatives
- 8.7. De Puy Synthes
- 8.7.1. Company overview
- 8.7.2. Financial performance
- 8.7.3. Product benchmarking
- 8.7.4. Strategic initiatives
- 8.8. CrossRoads Extremity Systems
- 8.8.1. Company overview
- 8.8.2. Financial performance
- 8.8.3. Product benchmarking
- 8.8.4. Strategic initiatives
- 8.9. BioPro, Inc.
- 8.9.1. Company overview
- 8.9.2. Financial performance
- 8.9.3. Product benchmarking
- 8.9.4. Strategic initiatives
- 8.10. Orthofix Holdings Inc.
- 8.10.1. Company overview
- 8.10.2. Financial performance
- 8.10.3. Product benchmarking
- 8.10.4. Strategic initiatives
- 8.11. OrthoHelix Surgical Designs
- 8.11.1. Company overview
- 8.11.2. Financial performance
- 8.11.3. Product benchmarking
- 8.11.4. Strategic initiatives
Product Code: GVR-4-68039-990-2
List of Tables
- Table 1 Factors used in segment share estimation
- Table 2 List of secondary data sources
- Table 3 Primary interview details, by source
- Table 4 Primary interview details, by region
- Table 5 North America market estimates and forecasts, by country, 2017 - 2030 (USD Million)
- Table 6 North America market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 7 North America market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 8 U.S. market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 9 U.S. market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 10 Canada market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 11 Canada market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 12 Europe market estimates and forecasts, by country, 2017 - 2030 (USD Million)
- Table 13 Europe market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 14 Europe market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 15 Germany market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 16 Germany market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 17 U.K. market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 18 U.K. market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 19 France market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 20 France market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 21 Italy market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 22 Italy market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 23 Spain market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 24 Spain market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 25 Asia Pacific market estimates and forecasts, by country, 2017 - 2030 (USD Million)
- Table 26 Asia Pacific market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 27 Asia Pacific market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 28 Japan market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 29 Japan market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 30 China market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 31 China market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 32 India market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 33 India market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 34 Australia market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 35 Australia market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 36 South Korea market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 37 South Korea market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 38 Latin America market estimates and forecasts, by country, 2017 - 2030 (USD Million)
- Table 39 Latin America market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 40 Latin America market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 41 Brazil market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 42 Brazil market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 43 Mexico market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 44 Mexico market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 45 Argentina market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 46 Argentina market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 47 MEA market estimates and forecasts, by country, 2017 - 2030 (USD Million)
- Table 48 MEA market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 49 MEA market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 50 South Africa market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 51 South Africa market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 52 Saudi Arabia market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 53 Saudi Arabia market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 54 UAE market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 55 UAE market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data Triangulation Techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value chain based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Market Snapshot
- Fig. 9 Bunion Correction Systems Market variables, trends & scope
- Fig. 10 Penetration & Growth Prospect Mapping
- Fig. 11 Technology Timeline (Transition / various technology adoption past & future predictions)
- Fig. 12 Market driver relevance analysis (Current & future impact)
- Fig. 13 Market restraint relevance analysis (Current & future impact)
- Fig. 14 Company/Competition Categorization
- Fig. 15 Key company market share analysis, 2021
- Fig. 16 Company market position analysis (Public companies)
- Fig. 17 Company Market Share/Ranking, by region
- Fig. 18 Market Differentiators
- Fig. 19 Company market position analysis (Private companies)
- Fig. 20 Product market share analysis, 2021 & 2030
- Fig. 21 Segment Dashboard
- Fig. 22 Implant market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Wearable market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 24 End Use market share analysis, 2021 & 2030
- Fig. 25 Segment Dashboard
- Fig. 26 Hospital market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Ambulatory Centers market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Specialty Centers market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Regional market place: Key takeaways
- Fig. 30 Bunion Correction Systems Market: Regional outlook, 2021 & 2030 (USD Million)
- Fig. 31 North America market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 32 U.S. market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 33 Canada market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Europe market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Germany market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 36 U.K. market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 37 France market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Italy market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Spain market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Asia Pacific market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 41 Japan market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 42 China market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 43 India market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 44 Australia market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 45 South Korea market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Latin America market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 47 Brazil market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Mexico market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 49 Argentina market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 50 MEA market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 51 South Africa market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 52 Saudi Arabia market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 53 UAE market revenue estimates and forecasts, 2017 - 2030 (USD Million)
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