Bunion correction systems are used to treat a bunion, a foot deformity affecting the metatarsophalangeal joint. Bunions are caused due to inherited foot structure problems; foot injuries or inflammatory diseases such as rheumatoid arthritis.More than 20% of men and women aged between 18-65 suffer from bunions, and more than 35% of men and women over the age of 65 years suffer from toe deformity. Also, the condition is more common in women due to the differences in foot anatomy, footwear, and genetic influence. The rising prevalence of bunion in the overall population is the major factor driving the market.
According to the American Orthopaedic Foot and Ankle Society, about one-third of women have bunions. Also, as per the National Institutes of Health (NIH), a bunion is likely to appear among 23 out of 100 adults across the globe and a prevalence of 8 % to 36% is observed among the pediatric population.
The changing lifestyle and increasing women working population have raised the risk of bunion (hallux valgus), thereby accelerating the demand for bunion treatment. In the U.S., around 150,000 bunion procedures are performed every year. This is expected to further drive the market for bunion correction systems. Furthermore, increasing approvals of different correction system is further boosting the market. For instance, in May 2019, FDA approved Lapiplasty 3D Bunion Correction System for use in pediatric patients.
Some of the key players in the market are Stryker Corporation,Arthrex, Inc., Zimmer Biomet Holdings, Inc.,Wright Medical Technology, Inc,Extremity Medical, LLC.,Acumed, LLC, De Puy Synthes, Biomet, Inc., CrossRoads Extremity Systems, BioPro, Inc., Orthofix Holdings Inc., OrthoHelix Surgical Designs, etc. These players are focusing on the development of innovative correction systems, thereby impelling the market. For instance, in January 2021, the 4D minimally-invasive DynaBunion Lapidus System was launched by CrossRoads Extremity Systems for surgical bunion repair. This 4D system helps to restore normal foot anatomy by realigning and fusing the bones in 4 different dimensions through small incisions.
The commonly used products for bunion correction include wearables and implants. The wearable products for bunion correction include splints that help to keep the toe straight by supporting it from the side. It is usually designed for overnight wear. The implants are inserted through a small incision to anchor at the base of the metatarsal to the cuneiform bone which helps to fuse it, thereby correcting the joint.
Grand View Research, Inc. has segmented the global bunion correction system market report based on product type, end-use, and region:
Product Outlook (Revenue, USD Million, 2016 - 2030)
End-Use Outlook (Revenue, USD Million, 2016 - 2030)
Regional Outlook (Revenue, USD Million, 2016 - 2030)
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