Key Growth Drivers:
- High incidence rate of bone disorder
The rise in incidence rate of bone diseases will act as a major driver that will result in the expansion of the market's growth rate. Because women typically wear pointed high heels, hallux valgus was discovered to be more common in females than in males. The intrinsic and extrinsic soft tissue of the foot are broken or unbalanced as a result, increasing the possibility of bone disease and driving the hallux valgus treatment market forward.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of hallux valgus treatment market is the rising healthcare expenditure which helps in improving its infrastructure.
- Rising prevalence of inflammatory diseases
The rise in prevalence rate of inflammatory diseases such as rheumatoid arthritis will increase the risk of hallux valgus deformity and, hence, propels the treatment market's growth rate.
Furthermore, rising initiatives by public and private organizations to spread awareness and growing demand for effective therapies are the factors that will expand the hallux valgus treatment market. Other factors such as continuous changing lifestyle coupled with increasing number of working women population will positively impact the hallux valgus treatment market's growth rate. Additionally, high disposable income and a rising geriatric population will result in the expansion of the hallux valgus treatment market.
The report outlines the involvement of key players, including:
Some of the major players operating in the hallux valgus treatment market are Smith+Nephew, Arthrex, Inc., Wright Medical Group N.V., Biocon, Custopharm, Inc., Novartis AG, Sanofi, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Fresenius Kabi AG, Stryker, Zimmer Biomet, Integra LifeSciences, Össur, Acumed LLC, Extremity Medical, Johnson & Johnson Private Limited, BioPro, Inc., Orthofix Medical Inc., MONDEAL Medical Systems GmbH, Pfizer Inc., GlaxoSmithKline plc, Bayer AG, Reckitt Benckiser Group PLC, and Assertio Holdings, Inc., among others.
Key Market Segmentation
Hallux Valgus Treatment Market, By Type (Congenital Hallux Valgus, Juvenile or Adolescent Hallux Valgus, Tailor's Bunion), Diagnoses (X-Rays, Medical History, Physical Examination, Radiography, Others), Treatment (Medications, Self-Care, Devices, Surgery, Medical Procedures), Dosage (Injection, Tablets, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Clinic, Hospital, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) - Industry Trends and Forecast to 2029
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