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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Hallux Valgus Treatment Market Outlook
The global hallux valgus treatment market size attained a value of about USD 24.81 million in 2023. It is anticipated to grow at a CAGR of 5.90% during the forecast period of 2024-2032 to attain a value of USD 41.57 million by 2032. The growth of the market can be attributed to the increasing prevalence of the condition and the growing investment in research and development activities.
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Hallux Valgus Treatment Market: Introduction
The global hallux valgus treatment market is anticipated to witness significant growth in the coming years due to the increasing prevalence of the condition and the growing demand for minimally invasive surgical procedures. Hallux Valgus is a condition that affects the alignment of the big toe, causing it to bend towards the other toes, leading to pain and discomfort.
The hallux valgus treatment market is highly competitive, with key players focusing on research and development activities to develop innovative products and strengthen their market position. The market is characterized by the presence of both global and regional players.
Hallux Valgus Treatment Market Segmentations
The market can be categorised into type, treatment, diagnosis, route of administration, treatment channel, and region.
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Market Breakup by Type
- Congenital Hallux Valgus
- Juvenile or Adolescent’s Hallux Valgus
- Tailer’s Bunion
Market Breakup by Treatment
- Surgical and Mechanical treatment
- Self-Care
- Medications
- Devices
- Others
Market Breakup by Diagnosis
- X-Rays
- Medical History
- Physical Examination
- Radiography
- Others
Market Breakup by Route of Administration
- Oral
- Parenteral
- Others
Market Breakup by Treatment Channel
- Public
- Private
Hallux Valgus Treatment Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
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Hallux Valgus Treatment Market Scenario
The global hallux valgus treatment market is expected to witness significant growth during the forecast period of 2024-2032. The market is driven by factors such as the increasing prevalence of Hallux Valgus, growing demand for minimally invasive surgical procedures, and the availability of advanced healthcare infrastructure in developed countries. Additionally, the rising incidence of obesity and aging population are also contributing to the growth of the market.
North America dominates the hallux valgus treatment market, followed by Europe and the Asia Pacific. The market in North America is driven by the high prevalence of Hallux Valgus and the availability of advanced healthcare infrastructure. The market in Europe is also expected to grow significantly, with key players focusing on research and development activities to develop innovative products. The market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing awareness about Hallux Valgus and the rising healthcare expenditure in the region.
Key Players in the Global Hallux Valgus Treatment Market
The report gives an in-depth analysis of the key players involved in the hallux valgus treatment market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
- Wright Medical Group N.V.
- Smith & Nephew plc
- Zimmer Biomet Holdings, Inc
- Arthrex, Inc.
- Stryker Corporation
- Ossur Hf
- OrthoHelix Surgical Designs
- Orthofix Holdings Inc.
- Mondeal Medical System GmbH
- BioPro Inc
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Treatment |
|
| Breakup by Diagnosis |
|
| Breakup by Route of Administration |
|
| Breakup by Treatment Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of nearly USD 24.81 million in 2023, driven by the driven by the increasing prevalence of the condition across the globe.
The market is likely to grow at a CAGR of 5.90% during the forecast period of 2024-2032 to attain a value of USD 41.57 million by 2032.
The factors stimulating the development of the market include increased government initiatives, optimal costs, and a rise in R&D expenditure in biopharmaceutical companies.
Fewer drug approvals, stringent government regulations, and lack of awareness are some of the suspected reasons responsible for hindering the growth of the market.
The global market is currently dominated by North America due to the higher presence of key players in the region.
The top companies involved are Tornier N.V., Integra Life Sciences Holdings Corporation, Wright Medical Technology, Inc., Smith & Nephew Plc, Zimmer Biomet Holdings, Inc, Arthrex, Inc., Stryker Corporation, Ossur, Biomet Inc, OrthoHelix Surgical Designs, Orthofix Holdings Inc, Acumen, Mondeal Medical System GmbH, and BioPro Inc.
The most common progressive deformity of the forefoot is hallux valgus, widely known as bunion. Bunions are bumpy growths near the metatarsophalangeal (MTP) joint of the big toe.
Non-surgical treatment of hallux valgus cannot correct the deformity.
Hallux valgus is a genetic disorder and often runs in families. It is commonly seen in patients with excessive pronation who often wear narrow shoes.
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