Bunion Correction Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Product (Implants & Accessories, Wearables, Others), By End-Use (Hospitals, Ambulatory Centers, Specialty Centers), By Region, and Competition

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 720.20 million

CAGR (2023-2028)

6.10 %

Fastest Growing Segment

 Implants And Accessories Segment

Largest Market

North America


Market Overview

Global Bunion Correction Systems Market has valued at USD 720.20 million in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 6.10 % through 2028.  Bunion Correction Systems refer to a range of medical treatments, devices, and procedures designed to address bunions, a common foot deformity that affects the big toe joint. Bunions, medically known as hallux valgus, occur when the big toe deviates outward toward the other toes, causing a bump to form on the side of the foot. Bunion Correction Systems aim to alleviate pain, improve foot function, and correct deformity. The process typically begins with a diagnosis by a healthcare professional, often a podiatrist or orthopedic specialist. They assess the extent of the bunion deformity, its impact on foot function, and any associated symptoms. For patients who do not find relief through conservative methods, minimally invasive procedures may be considered. When conservative and minimally invasive approaches do not provide satisfactory results, surgical correction may be recommended. After surgical correction, patients typically undergo a period of recovery and rehabilitation. This may involve wearing a cast or surgical boot, following a specific rehabilitation plan, and avoiding certain activities to allow for proper healing. The rising prevalence of bunions, often associated with factors like aging, genetics, and improper footwear, creates a substantial patient pool seeking treatment and correction options. Continuous innovations in medical technology, including minimally invasive surgical techniques, improved implant materials, and diagnostic tools, have expanded treatment options and improved patient outcomes. An aging population, which is more susceptible to bunions, contributes to the demand for bunion correction systems and procedures. Ongoing research and development in the field of orthopedics lead to the creation of improved bunion correction systems and materials.  Patients often expect quicker recovery and better cosmetic outcomes, driving the adoption of advanced correction systems and techniques.

Key Market Drivers

Advancements in Medical Technology

 One of the most significant advancements is the development of minimally invasive surgery (MIS) for bunions. MIS techniques involve smaller incisions, reduced tissue damage, and shorter recovery times compared to traditional open surgeries. The use of advanced 3D imaging and navigation systems allows surgeons to plan and execute bunion correction procedures with greater precision. This technology provides detailed anatomical information and assists in real-time navigation during surgery. The introduction of biocompatible materials, such as titanium and absorbable polymers, has improved the durability and compatibility of bunion correction implants. These materials reduce the risk of complications and enhance long-term outcomes. 3D printing and scanning technology have enabled the creation of customized orthotics and insoles tailored to the patient's foot shape and gait. This promotes better comfort and alignment. Arthroscopic techniques allow for the inspection and treatment of the joint involved in the bunion deformity through small incisions. This minimally invasive approach reduces trauma to surrounding tissues. Mobile apps and digital platforms are being used to monitor patient progress, provide rehabilitation exercises, and offer educational resources for bunion correction patients.

Continuous improvements in implant design have led to more reliable and anatomically shaped devices that enhance stability and alignment during bunion correction procedures. Advanced pain management strategies, including nerve blocks and cryotherapy, help minimize postoperative pain and discomfort for bunion correction patients. The integration of telemedicine allows patients to consult with healthcare providers remotely, facilitating pre-operative assessments and post-operative follow-ups. Robotic systems are increasingly being used to assist surgeons during bunion correction procedures, enhancing precision and reducing the risk of human error. Research into the biomechanics of the foot has led to a better understanding of bunion formation and correction. This knowledge informs the development of more effective treatment approaches. Interactive educational tools and virtual reality applications help patients better understand their condition, treatment options, and post-operative care requirements. This factor will help in the development of the Global Bunion Correction Systems Market.

Increasing Prevalence of Bunions

Bunions are more common among older individuals. As the global population continues to age, there is a higher likelihood of people developing bunions, leading to increased demand for correction systems. Bunions can have a genetic component, meaning that individuals with a family history of bunions are at a higher risk. As genetic predisposition remains constant, this contributes to a continuous demand for correction systems. Wearing ill-fitting shoes, particularly those with narrow or pointed toe boxes, can increase the risk of bunions. Many individuals continue to wear such shoes, further exacerbating the condition and driving the need for correction. Certain lifestyle factors, such as obesity and occupations that require prolonged standing or walking, can increase the likelihood of developing bunions. These factors are prevalent in many societies, contributing to the demand for correction systems.

Growing awareness about foot health and the availability of treatment options encourages individuals to seek medical attention for bunions, leading to higher diagnosis rates and treatment demand. Improved access to healthcare facilities and specialists ensures that individuals can seek timely diagnosis and treatment for bunions, further stimulating demand. Patients increasingly seek medical interventions to improve their quality of life and address conditions like bunions that affect daily activities and comfort. Advancements in medical technology and surgical techniques, such as minimally invasive procedures, make bunion correction more appealing to patients, further increasing demand. Regulatory agencies often approve and endorse new bunion correction systems and devices, boosting confidence in the safety and efficacy of these treatments. The availability of health insurance coverage for bunion correction procedures encourages patients to seek treatment and correction, as it helps offset the cost burden. Globalization allows patients to seek bunion correction treatment in different regions, which can increase demand in areas known for their expertise in foot and ankle care. This factor will pace up the demand of the Global Bunion Correction Systems Market.

Rising Orthopedic Advancements

Orthopedic advancements have led to the development of minimally invasive surgical techniques for bunion correction. These procedures involve smaller incisions, reduced tissue trauma, and shorter recovery times, making them more attractive to patients and increasing demand for bunion correction. Advances in biomaterials have resulted in the availability of more biocompatible and durable implant materials for bunion correction systems. This enhances the longevity and effectiveness of correction procedures, further boosting demand. Orthopedic engineers and surgeons have designed implants that closely mimic the anatomy of the foot. These implants offer better stability, alignment, and function, addressing patients' concerns and increasing the demand for correction systems. Orthopedic advancements have enabled the customization of bunion correction solutions. Customized orthotics, insoles, and surgical approaches tailored to the individual patient's needs provide better outcomes and patient satisfaction, driving demand. In-depth research into the biomechanics of the foot and the factors contributing to bunion formation has led to a better understanding of the condition. This knowledge informs the development of more effective correction techniques and systems.

Orthopedic surgeons now have access to advanced digital imaging and planning tools that allow for precise pre-operative assessment and planning. This enhances surgical accuracy and outcomes, encouraging patients to seek correction procedures. Orthopedic advancements include patient education tools, such as 3D models and virtual reality simulations, which help patients better understand their condition and the benefits of bunion correction, leading to increased demand for treatment. Robotics and computer-assisted surgical systems aid orthopedic surgeons in performing precise bunion correction procedures. These technologies enhance the safety and effectiveness of surgery, attracting patients and driving demand. Advancements in pain management techniques, including nerve blocks and cryotherapy, minimize post-operative discomfort, making bunion correction procedures more appealing and driving demand. Orthopedic practices are increasingly adopting telemedicine, allowing patients to consult with specialists remotely. This enhances access to care, facilitates pre-operative evaluations, and increases demand for correction systems. This factor will accelerate the demand of the Global Bunion Correction Systems Market.

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Key Market Challenges

Market Competition

With multiple manufacturers and suppliers offering bunion correction systems, differentiation becomes crucial. Companies need to innovate and develop unique features or technologies to distinguish their products from competitors. Intense competition can lead to pricing pressure, as companies may engage in price wars to gain market share. This can affect profit margins and the overall financial health of businesses in the market. While competition can drive innovation, it also raises concerns about the quality and safety of products. Companies must ensure that their bunion correction systems meet the highest safety and efficacy standards to maintain consumer trust. To stay competitive, companies need to invest in research and development to improve existing products or develop new ones. These R&D costs can be substantial and put pressure on profitability. As the market becomes more competitive, it may reach a point of saturation, where growth becomes more challenging. Companies must seek new avenues for expansion or differentiation. Meeting regulatory requirements and obtaining necessary approvals can be complex and time-consuming. Competition can exacerbate these challenges as companies strive to bring new products to market quickly. Established players may have a dominant market share, making it difficult for newcomers to gain a foothold. Competition for market share can be fierce, requiring significant effort and resources. Expanding into international markets to compete globally can be challenging due to varying regulatory requirements, cultural differences, and market dynamics. Building and maintaining customer loyalty in a competitive market can be difficult. Companies must provide excellent service and support to retain customers and prevent them from switching to competitors.

Cost Pressures

Developing innovative and effective bunion correction systems often requires substantial investments in research and development. Companies must bear these costs, and the pressure to innovate while managing expenses can be challenging. Manufacturing bunion correction systems with high-quality materials and precision can be expensive. Companies must balance the need for quality with the need to keep production costs in check. Ensuring that bunion correction systems meet stringent regulatory requirements can be costly. Companies must invest in testing, documentation, and compliance efforts to gain approvals and maintain certifications. In a competitive market, companies may engage in price competition to gain market share. This can lead to pricing pressure, potentially affecting profit margins. Healthcare providers, including hospitals and clinics, often face budget constraints. They may be hesitant to invest in costly bunion correction systems, especially when there are competing demands for resources within healthcare facilities.

The reimbursement landscape can influence the adoption of bunion correction procedures. Limited reimbursement or delays in reimbursement payments can create financial challenges for healthcare providers and reduce demand. Patients may be responsible for a portion of the cost of bunion correction procedures or devices, depending on their healthcare coverage. High out-of-pocket expenses can deter patients from seeking treatment. Economic downturns and uncertainties can impact healthcare spending. Patients may delay elective procedures, including bunion correction, during periods of economic instability. Disruptions in the global supply chain, as seen during events like the COVID-19 pandemic, can lead to increased costs related to sourcing materials and components for bunion correction systems. As the market becomes saturated with various bunion correction systems, companies may engage in price competition to maintain or gain market share, further intensifying cost pressures.

Key Market Trends

Non-Surgical Option

Specialized orthotic devices, such as bunion splints, cushions, and pads, are available to alleviate bunion pain and discomfort. These devices can be worn in shoes to help with realignment and reduce pressure on the bunion. Podiatrists and orthopedic specialists often recommend footwear modifications, including wide-toe box shoes, to accommodate bunions and reduce irritation. Physical therapy exercises can help improve joint mobility and reduce pain associated with bunions. Therapists may provide guidance on exercises and stretches. Non-prescription anti-inflammatory medications (NSAIDs) can be recommended to manage pain and inflammation associated with bunions. Orthopedic specialists can design custom-made orthotic insoles that provide tailored support and realignment to address bunion-related issues. Night splints are devices worn during sleep to help gently realign the big toe joint and slow the progression of the bunion. Simple exercises and toe stretches can improve the strength and flexibility of the toes and help with bunion management. Lifestyle changes, such as weight management and choosing appropriate footwear, are often advised to reduce the impact of bunions. In some cases, corticosteroid injections may be used to alleviate pain and inflammation around the bunion joint. Emerging regenerative therapies, such as platelet-rich plasma (PRP) injections, are being explored as potential non-surgical treatments for bunions.

Segmental Insights

Product Insights

In 2022, the Global Bunion Correction Systems Market largest share was held by wearables segment. The segment's growth is anticipated to be fuelled by the availability of wearables designed for various demographics, including adults, children, and the elderly. These wearables are typically employed to provide support to the joint, preventing misalignment and assisting in pain management. However, it's important to note that wearables do not serve as a direct treatment for bunions.

The segment experiencing the most rapid growth during the forecast period is expected to be implants and accessories. This is attributed to factors such as an increasing number of individuals opting for corrective surgeries to address the condition, which is likely to have a positive influence on segment growth. The presence of minimally invasive implants, designed to address the root cause of bunions, is expected to play a pivotal role in driving the growth of this segment.

End Use Insights

In 2022, the Global Bunion Correction Systems Market largest share was held by hospitals segment. Hospitals typically have a wide range of medical specialists, including orthopaedic surgeons, podiatrists, and foot and ankle specialists, who are trained to diagnose and treat bunions. These specialists have the expertise to perform various bunion correction procedures. Hospitals have well-equipped operating rooms and advanced medical technology, which are essential for performing surgical bunion correction procedures, including traditional and minimally invasive surgeries. Many patients with bunions are referred to hospitals by primary care physicians and other healthcare providers for specialized evaluation and treatment. Hospitals are often seen as centres of excellence for complex medical procedures. Hospitals offer both inpatient and outpatient services, providing flexibility in the choice of treatment settings. Some bunion correction procedures can be done on an outpatient basis, while others may require a short hospital stay, depending on the patient's condition. Hospitals are subject to rigorous regulatory standards and oversight, which can provide patients with confidence in the safety and quality of care they receive. This is especially important for surgical procedures like bunion correction.

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Regional Insights

The North America region has established itself as the leader in the Global Bunion Correction Systems Market in 2022. North America, particularly the United States, has been at the forefront of medical and technological innovation. The region has a well-developed medical device industry, which has contributed to the development of advanced bunion correction systems and minimally invasive surgical techniques. The United States has one of the highest healthcare expenditures globally. This substantial investment in healthcare infrastructure and services allows for the adoption of advanced medical technologies and procedures, including bunion correction systems. North America has a significant population with foot-related issues, including bunions. This large patient pool drives demand for bunion correction systems and encourages innovation in the field to cater to diverse patient needs. The region generally has better access to healthcare facilities and specialists, allowing patients to seek timely diagnosis and treatment for bunions. This accessibility contributes to a higher adoption rate of bunion correction procedures.

Recent Developments

  • In October 2021, Novastep Inc. and its affiliated companies have officially launched the Pecaplasty System, an instrumental and implant platform with guided capabilities for percutaneous bunion correction. This innovative system offers a solution that has been eagerly anticipated, designed specifically for achieving accurate realignment, precise stabilization, and consistent outcomes. The Pecaplasty System represents a breakthrough technology aimed at reducing the learning curve and addressing the challenges associated with percutaneous techniques. This instrument-based solution for hallux valgus enables the translation of the metatarsal head and the precise alignment of implants to maintain correction while the bone heals. The introduction of the Pecaplasty System is a pioneering development in percutaneous hallux valgus correction techniques and serves as a much-anticipated addition to the Trident Guided Bunion Instruments portfolio.
  • In December 2022, Arthrex has introduced the Arthrex bunionectomy system, as per a company press release. This system offers a minimally invasive surgical option as an alternative to the conventional bunion correction method. The minimally invasive approach enables surgeons to achieve full bunion correction while using smaller incisions, resulting in reduced pain, and swelling, along with a quicker recovery period compared to traditional open procedures, according to the press release.
  • In September 2023, Stryker, a prominent global medical technology company, has unveiled the PROstep MIS Lapidus, a novel internal fixation system designed for the minimally invasive treatment of bunions by reducing hallux valgus deformity and fusing the first metatarsal cuneiform joint. PROstep MIS Lapidus provides robust fixation stability while utilizing a minimal incision approach. This innovative technology includes minimally invasive joint preparation, triplanar reduction, and the implementation of a three-screw construct aimed at establishing a tension band for biomechanical stability. Stryker, recognized as one of the world's leading medical technology companies, is committed to enhancing healthcare outcomes in collaboration with its clients. The company offers cutting-edge products and services in Medical and Surgical, Neurotechnology, Orthopaedics, and Spine to advance patient care and healthcare overall.

Key Market Players

  • Stryker Corporation
  • Arthrex, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Wright Medical Technology, Inc.
  • Extremity Medical, LLC.
  • Acumed, LLC.
  • De Puy Synthes
  • Biomet, Inc.
  • BioPro, Inc.
  • Orthofix Holdings Inc.

 By Product

By End Use

By Region
  • Implants & Accessories
  • Wearables
  • Others
  • Hospitals
  • Ambulatory Centers
  • Specialty Centers
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

 

Report Scope:

In this report, the Global Bunion Correction Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Bunion Correction Systems Market, By Product:

o   Implants & Accessories

o   Wearables

o   Others

  • Bunion Correction Systems Market, By End Use:

o   Hospitals

o   Ambulatory Centers

o   Specialty Centers

 

  • Bunion Correction Systems Market, By region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  South Korea

§  Australia

§  Japan

o   Europe

§  Germany

§  France

§  United Kingdom

§  Spain

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Bunion Correction Systems Market.

Available Customizations:

Global Bunion Correction Systems Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.   Markets Covered

1.2.2.   Years Considered for Study

1.2.3.   Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bunion Correction Systems Market Outlook

5.1.  Market Size & Forecast

5.1.1.   By Value

5.2.  Market Share & Forecast

5.2.1.   By Product (Implants & Accessories, Wearables, Others)

5.2.2.   By End-Use (Hospitals, Ambulatory Centers, Specialty Centers)

5.2.3.   By Company (2022)

5.2.4.   By Region

5.3.  Market Map

6.    North America Bunion Correction Systems Market Outlook

6.1.  Market Size & Forecast          

6.1.1.   By Value

6.2.  Market Share & Forecast

6.2.1.   By Product

6.2.2.   By End Use

6.2.3.   By Country

6.3.  North America: Country Analysis

6.3.1.   United States Bunion Correction Systems Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1.               By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1.             By Product

6.3.1.2.2.             By End Use

6.3.2.   Mexico Bunion Correction Systems Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1.               By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1.             By Product

6.3.2.2.2.             By End Use

6.3.3.   Canada Bunion Correction Systems Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1.               By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1.             By Product

6.3.3.2.2.             By End Use

7.    Europe Bunion Correction Systems Market Outlook

7.1.  Market Size & Forecast          

7.1.1.   By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By End Use

7.2.3.     By Country

7.3.  Europe: Country Analysis

7.3.1.   France Bunion Correction Systems Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1.               By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By End Use

7.3.2.   Germany Bunion Correction Systems Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1.               By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By End Use

7.3.3.   United Kingdom Bunion Correction Systems Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1.               By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By End Use

7.3.4.   Italy Bunion Correction Systems Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1.               By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By End Use

7.3.5.   Spain Bunion Correction Systems Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1.               By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By End Use

8.    Asia-Pacific Bunion Correction Systems Market Outlook

8.1.  Market Size & Forecast          

8.1.1.   By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By End Use

8.2.3.   By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.   China Bunion Correction Systems Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1.               By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1.             By Product

8.3.1.2.2.             By End Use

8.3.2.   India Bunion Correction Systems Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1.               By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1.             By Product

8.3.2.2.2.             By End Use

8.3.3.   South Korea Bunion Correction Systems Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1.               By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1.             By Product

8.3.3.2.2.             By End Use

8.3.4.   Japan Bunion Correction Systems Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1.               By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1.             By Product

8.3.4.2.2.             By End Use

8.3.5.   Australia Bunion Correction Systems Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1.               By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1.             By Product

8.3.5.2.2.             By End Use

9.    South America Bunion Correction Systems Market Outlook

9.1.  Market Size & Forecast          

9.1.1.   By Value

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By End Use

9.2.3.   By Country

9.3.  South America: Country Analysis

9.3.1.   Brazil Bunion Correction Systems Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1.               By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1.             By Product

9.3.1.2.2.             By End Use

9.3.2.   Argentina Bunion Correction Systems Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1.               By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1.             By Product

9.3.2.2.2.             By End Use

9.3.3.   Colombia Bunion Correction Systems Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1.               By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1.             By Product

9.3.3.2.2.             By End Use

10.  Middle East and Africa Bunion Correction Systems Market Outlook

10.1.              Market Size & Forecast

10.1.1.                By Value

10.2.              Market Share & Forecast

10.2.1.  By Product

10.2.2.  By End Use

10.2.3.                By Country

10.3.              MEA: Country Analysis

10.3.1.                South Africa Bunion Correction Systems Market Outlook

10.3.1.1.              Market Size & Forecast

10.3.1.1.1.             By Value

10.3.1.2.              Market Share & Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By End Use

10.3.2.                Saudi Arabia Bunion Correction Systems Market Outlook

10.3.2.1.              Market Size & Forecast

10.3.2.1.1.             By Value

10.3.2.2.              Market Share & Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By End Use

10.3.3.                UAE Bunion Correction Systems market Outlook

10.3.3.1.              Market Size & Forecast

10.3.3.1.1.             By Value

10.3.3.2.              Market Share & Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By End Use

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Recent Developments

12.2.              Product Launches

12.3.              Mergers & Acquisitions

13.  PESTLE Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Product

15.  Competitive Landscape

15.1.    Stryker Corporation

15.1.1.1.          Business Overview

15.1.1.2.          Company Snapshot

15.1.1.3.          Products & Services

15.1.1.4.          Financials (In case of listed companies)

15.1.1.5.          Recent Developments

15.1.1.6.          SWOT Analysis

15.2.    Arthrex, Inc.

15.2.1.1.          Business Overview

15.2.1.2.          Company Snapshot

15.2.1.3.          Products & Services

15.2.1.4.          Financials (In case of listed companies)

15.2.1.5.          Recent Developments

15.2.1.6.          SWOT Analysis

15.3.    Zimmer Biomet Holdings, Inc.

15.3.1.1.          Business Overview

15.3.1.2.          Company Snapshot

15.3.1.3.          Products & Services

15.3.1.4.          Financials (In case of listed companies)

15.3.1.5.          Recent Developments

15.3.1.6.          SWOT Analysis

15.4.    Wright Medical Technology, Inc.

15.4.1.1.          Business Overview

15.4.1.2.          Company Snapshot

15.4.1.3.          Products & Services

15.4.1.4.          Financials (In case of listed companies)

15.4.1.5.          Recent Developments

15.4.1.6.          SWOT Analysis

15.5.    Extremity Medical, LLC.

15.5.1.1.          Business Overview

15.5.1.2.          Company Snapshot

15.5.1.3.          Products & Services

15.5.1.4.          Financials (In case of listed companies)

15.5.1.5.          Recent Developments

15.5.1.6.          SWOT Analysis

15.6.    Acumed, LLC.

15.6.1.1.          Business Overview

15.6.1.2.          Company Snapshot

15.6.1.3.          Products & Services

15.6.1.4.          Financials (In case of listed companies)

15.6.1.5.          Recent Developments

15.6.1.6.          SWOT Analysis

15.7.    De Puy Synthes

15.7.1.1.          Business Overview

15.7.1.2.          Company Snapshot

15.7.1.3.          Products & Services

15.7.1.4.          Financials (In case of listed companies)

15.7.1.5.          Recent Developments

15.7.1.6.          SWOT Analysis

15.8.    Biomet, Inc.

15.8.1.1.          Business Overview

15.8.1.2.          Company Snapshot

15.8.1.3.          Products & Services

15.8.1.4.          Financials (In case of listed companies)

15.8.1.5.          Recent Developments

15.8.1.6.          SWOT Analysis

15.9.    BioPro, Inc.

15.9.1.1.          Business Overview

15.9.1.2.          Company Snapshot

15.9.1.3.          Products & Services

15.9.1.4.          Financials (In case of listed companies)

15.9.1.5.          Recent Developments

15.9.1.6.          SWOT Analysis

15.10.  Orthofix Holdings Inc.

15.10.1.1.        Business Overview

15.10.1.2.        Company Snapshot

15.10.1.3.        Products & Services

15.10.1.4.        Financials (In case of listed companies)

15.10.1.5.        Recent Developments

15.10.1.6.        SWOT Analysis

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The market size of the Global Bunion Correction Systems Market was estimated to be USD 720.20 million in 2022.

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Stryker Corporation., Arthrex, Inc. are some of the key players operating in the Global Bunion Correction Systems Market.

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Evolving regulatory requirements and standards in the medical device industry can pose challenges for manufacturers seeking approvals for bunion correction systems.

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There was a growing emphasis on educating patients about bunion prevention, treatment options, and postoperative care.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Global Bunion Correction Systems Market to grow with a CAGR of 6.10%

Nov, 2023

Increasing healthcare infrastructure and initiatives taken by the government are the major drivers for the Global Bunion Correction Systems Market.

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