The bunion surgery market is expected to grow by USD 606.1 million in 2029 from USD 458.4 million in 2024 at a growth rate of 5.7% during the forecast period. Increasing numbers of bunion surgeries are the factor driving the growth of the bunion surgery market. With the continued increase in incidence of bunions, especially amongst the elderly population, the demands for surgical treatments to correct deformity increase. Additionally, increasing awareness of effective treatment alternatives and the availability of advanced techniques, including minimally invasive procedures, has increased the number of patients for bunion surgery.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the bunion surgery market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, key strategies, acquisitions, and agreements. New product & service launches, and recent developments associated with the bunion surgery market. Competitive analysis of upcoming startups in the bunion surgery market ecosystem is covered in this report.
Hospitals segment is expected to have the fastest growth rate in the bunion surgery market, by end user, during the forecast period.
Based on end user, the bunion surgery market is segmented into hospital, ambulatory surgery centers, and orthopedic clinics. The hospital segment is expected to have the highest CAGR during the forecasted period. The growth rate can be attributed to the availability of advance surgical techniques, and ongoing investment in healthcare infrastructure. As hospital continues to expand and adopt new and advance technologies they remain the preferred choice for complex bunion surgery.Minimally invasive surgeries segment accounted for the highest growth rate in the bunion surgery market, by type, during the forecast period.
Based on type, the bunion surgery market is bifurcated into traditional surgeries and minimally invasive surgeries. The minimally invasive surgeries segment is expected to grow at the highest CAGR in the market of bunion surgery mainly due to advancement in technological such as specialized surgical tools. These surgeries have enhanced the precision and reliability of bunion surgery, making them more effective and accessible.Asia Pacific: The fastest-growing region in bunion surgery market.
The global market for bunion surgery is categorized into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC Countries. Notably, the Asia-Pacific region marks the highest CAGR in the bunion surgery market, due to increasing investments into healthcare infrastructure. In addition to this, the number of rapidly aging patients strongly demands effective treatments for diseases related to age including bunion. The growing medical tourism activities in the APAC region also happen to be of great influence for the market, given the rapid increase of patients seeking advanced surgical treatments and high-class healthcare services. These factors, collectively, have put the APAC region on a growth trajectory for bunion surgery markets.The break-up of the profile of primary participants in the bunion surgery market:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level - 27%, D-level - 18%, and Others - 55%
- By Region: North America - 51%, Europe - 21%, Asia Pacific - 18%, Latin America - 6%, and Middle East & Africa - 4%
Research Coverage:
This research report categorizes the bunion surgery market by product (correction systems and implants & accessories), by patient type (adult patients and pediatric patients), by type (traditional surgeries and minimally invasive surgeries), by end user (hospitals, ambulatory surgery centers, and orthopedic clinics), and by region (North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries).The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the bunion surgery market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, key strategies, acquisitions, and agreements. New product & service launches, and recent developments associated with the bunion surgery market. Competitive analysis of upcoming startups in the bunion surgery market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall bunion surgery market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.The report provides insights on the following pointers:
- Analysis of key drivers (Increasing burden of bunion surgery, expanding geriatric population, rising incidence of sports injuries and rheumatoid arthritis, growing demand for minimally invasive surgery, increasing research funding and grants), opportunities (rising number of hospitals and surgical centers worldwide, growth opportunities in emerging markets), restraints (high cost of surgery), and challenges (availability of non-surgical alternatives) influencing the growth of the bunion surgery market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the bunion surgery market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the bunion surgery market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the bunion surgery market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings of leading players like Stryker (US), Johnson & Johnson Services, Inc. (US), Smith+Nephew (UK), Paragon 28, Inc (US), and Zimmer Biomet (US).
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Bunion Surgery Market, by Product
7 Bunion Surgery Market, by Patient Type
8 Bunion Surgery Market, by Type
9 Bunion Surgery Market, by End-user
10 Bunion Surgery Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
List of Tables
List of Figures
Companies Mentioned
- Stryker
- Zimmer Biomet
- Johnson & Johnson Services, Inc.
- Smith+Nephew
- Enovis Corporation
- Paragon 28, Inc.
- Treace Medical Concepts, Inc.
- Conmed Corporation
- Medartis AG
- Double Medical Technology Inc.
- Arthrex, Inc.
- Acumed LLC
- Merete GmbH
- Voom Medical Devices
- Biopro, Inc
- Dieter Marquardt Medizintechnik GmbH
- Extremity Medical
- Astrolabe
- Invamed
- Ortimplant Orthopaedics & Medical Devices
- Auxein
- Exactech, Inc.
- Jeil Medical Corporation
- Aysam Orthopaedics & Medical Devices
- Deva Tibbi Malzemeler
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 234 |
Published | January 2025 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 458.4 Million |
Forecasted Market Value ( USD | $ 606.1 Million |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |