The bunion surgery market is estimated to reach USD 606.1 million in 2029, as compared to USD 458.4 million in 2024, with a growth rate of 5.7% in the forecast period. Several key factors drive the growth of the market. First, there is an increasing incidence of bunions, mainly in adults, which raises the demand for proper treatment methods, such as surgery. The advancement of minimally invasive surgery techniques has also made bunion surgery more attractive. These advanced techniques have several benefits, including smaller incisions, faster recovery time, less pain, and fewer complications, making them more attractive to patients. Furthermore, the aging population is also a major driver of market growth because the incidence of foot-related conditions such as bunions increases with age, especially due to issues such as arthritis. All these factors put together create the global demand for bunion surgery.
The key players in this market are Stryker (US), Johnson & Johnson Services, Inc. (US), Smith+Nephew (UK), Paragon 28, Inc (US), CONMED Corporation (US), Zimmer Biomet (US), Treace Medical Concepts, Inc (US), Enovis Corporation (US), Medartis AG (Switzerland), Double Medical Technology Inc. (China), Arthrex, Inc. (US), Acumed LLC (US), Merete GmbH (Germany), BioPro, Inc. (US), Dieter Marquardt Medizintechnik GmbH (Germany), Exactech, Inc. (US), JEIL MEDICAL CORPORATION (South Korea), Ortimplant Orthopaedics & Medical Devices (turkey), Astrolabe (Portugal), Extremity Medical (US), Voom Medical Devices (US), INVAMED (US), Auxein (India), Aysam Orthopaedics & Medical Devices (Turkey), and Deva Tibbi Malzemeler (Turkey). The market players have adopted various strategies such as development of advanced products, partnerships, expansions, and acquisitions to strengthen their position in the human organoids. The organic and inorganic strategies have helped the market players expand globally by providing bunion surgery products.
To know about the assumptions considered for the study download the pdf brochure
In 2023, Stryker (US) secured a prominent position in the bunion surgery market. The company specializes in designing, manufacturing, and distributing innovative surgical equipment. It has a presence in North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Stryker focuses on organic growth strategies, in order to widen its market share. For instance, in September 2022, the company launched the PROstep MIS Lapidus, a new fixation system designed for the minimally invasive treatment of bunions.
Johnson & Johnson Services, Inc. (US) had a significant market share in the bunion surgery market in 2023. Its diverse subsidiary portfolio strengthens its market position, it has plants and research centers located in the regions of North America, Europe, Asia Pacific, and Latin America. Johnson & Johnson has also increased its focus on research and development activities to develop unique products. The company seeks to improve its portfolio by investing strategically in R&D. It will help the company enhance its potential for future growth and sustain competitiveness in the bunion surgery market.
Smith+Nephew (US) held a prominent position in the bunion surgery market. With operating in over 100 countries, Smith & Nephew has a strong presence in North America, Europe, Africa, Asia, Australia, Latin America, and the Middle East. To maintain its leading position in the bunion surgery market, the company focuses on inorganic growth strategies such as acquisitions. For example, Smith+Nephew acquired the Extremity Orthopaedics (US) business of Integra LifeSciences to enhance its growth strategy.
Related Reports:
Bunion Surgery Market by Product (Correction Systems, Implants & Accessories), Patient Type (Adult, Pediatric), Type (Minimally Invasive Surgery, Traditional Surgery), End User (Hospitals, ASCs, Orthopedic Clinics), Region - Global Forecast to 2029
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE