Hallux rigidus market players and analysis by treatment, diagnosis, end-users– global forecast till 2030. These days, hallux rigidus, one of the most prevalent crippling toe deformities, is getting more widespread, and the worldwide hallux rigidus market is expanding gradually. Hallux rigidus may result from overuse or a catastrophic injury to the foot. Additionally, dorsiflexion and excessive overpronation may both contribute to the condition. Some persons develop hallux rigidus because of a foot type that is predisposed to the development of this ailment. The increase in the world's elderly population, greater public knowledge of the condition, rising diabetes rates, and an increase in traffic accidents all contribute to the growth of the hallux rigidus market.
Increase in healthcare spending across the globe is also a key factor for market growth. In addition, the governments in various countries have endeavored towards raising awareness about the disease and provide medical aids to patients suffering from the disease. Substantial investment from key players on research & development activities for innovation of new treatment and therapies also augment market growth. Advancements in available treatment methods and growing insurance cover for the treatment of the disease encourage market growth. Market Research Future (MRFR) projects, the global hallux rigidus market is poised to register a CAGR of 7.6% over the forecast period of 2022-2030.
Competitive Landscape
The prominent players operating in the global hallux rigidus market include DePuy Synthes Companies, Zimmer Biomet, Wright Medical Group N.V., Integra LifeSciences Corporation, Stryker, Smith & Nephew, Advanced Orthopaedic Solutions, and Acumed, Bioretec Ltd. among others.
Segmentation
The global hallux rigidus market has been segmented based on treatment, diagnosis, and end users. By treatment, the market has been segmented into Non-Surgical Treatment and Surgical Treatment. By diagnosis, the market has been segmented into X-Ray, CT scan, and MRI. By end users, the market has been segmented into Hospitals & Surgical Centers, Home Cares, and Orthopedic Specialty Clinics.
Regional Analysis
The regions of North America, Europe, Asia Pacific, and the Middle East & Africa are all included in the worldwide hallux rigidus market. South America and North America have been added as additional market segments for North America. Due to the rise in the number of elderly and diabetic people in the region, North America is the largest market and holds the key to ongoing development. The second-largest market for hallux rigidus is in Europe, where demand is anticipated to increase significantly over the projection period. The availability of qualified medical personnel, together with cutting-edge healthcare facilities and government-funded R&D, fuels market expansion in the area.
Asia Pacific market holds the key for further progress and is expected to emerge as the fastest growing market for hallux rigidus owing to raising awareness about the disease, increased availability of advanced treatment methods, and prevalence of chronic diseases in the region. The market in the Middle East & Africa is expected to exhibit relatively slow growth over the forecast period. Lack of awareness regarding the disease, limited availability of treatment facilities is hindering the growth of the market in the region. The United Arab Emirates is the largest market in the Middle East due to development in the healthcare industry and rise in a number of specialty care centers.
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