Market Research Future (MRFR) has published a cooked research report on the “Global Plantar Fasciitis Treatment Market” that contains information from 2018 to 2032.ThePlantar Fasciitis Treatment market is estimated to register a CAGR of 23.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Plantar Fasciitis Treatment market— Bayer AG (Germany), SUPERFEET WORLDWIDE, LLC (U.S.), Bauerfeind USA Inc. (Germany), Ottobock (Germany), Recover Sports Medicine (Australia), Shapecrunch (India), 3M (U.S.), OrthoBethesda (U.S.), Apothecary Products, LLC (U.S.), Ellis & Badenhausen (U.S.), SYNXSOLE PTY LTD. (Australia) and Revance Therapeutics, (U.S.)
Plantar Fasciitis Treatment Market Highlights
The global Plantar Fasciitis Treatment market is accounted to register a CAGR of 23.50% during the forecast period and is estimated to reach USD 8.02 billion by 2032.
There is a growing need for effective therapies due to the increasing prevalence of plantar fasciitis, which is linked to factors like obesity, sedentary lifestyles, and wearing inappropriate footwear. Plantar fasciitis is one of the musculoskeletal disorders that more elderly people are prone to. The need for therapies for plantar fasciitis is projected to rise as the world's population ages. This market report on plantar fasciitis treatments includes information on recent developments, trade laws, import-export policies, production analyses, value chain optimization, market share, the effects of local and domestic market players, and opportunities for revenue growth. It also looks at regulatory changes, market size, category market expansions, application dominance and niches, product approvals, launches, geographic expansions, and technological advancements in the industry.
Segment Analysis
The global Plantar Fasciitis Treatment market has been segmented based Type, Treatment Type, and End-User.
On the basis of Type, the market is segmented into Medication Therapy, Oral, Parenteral, Orthotics, Shockwave Therapy, Surgery, Intracorporeal Pneumatic Shockwave Therapy, and Others. The Medication Therapy segment was attributed to holding the largest market share in 2022. This is because Medication therapy is often considered a non-invasive or minimally invasive treatment option.
Based on Treatment Type, the global Plantar Fasciitis Treatment market has been segmented into Pharmacological Treatment, Orthotic Devices, Shockwave Therapy, Surgery, and Other Treatment Types. The Orthotic Devices segment was expected to hold the largest market share in 2022. This is because of the convenience of this device, as it is possible to wear orthotic devices day or night.
Based on End-User, the global Plantar Fasciitis Treatment market has been segmented into Hospitals, Clinics, and Others. The Hospitals segment was expected to hold the largest market share in 2022, because plantar fasciitis symptoms including pain and inflammation are best treated with the most often used kind of treatment.
Explore In-depth Market Details [Table of Content, List of Figures, List of Tables] of Plantar Fasciitis Treatment Market Research Report
Regional Analysis
The global Plantar Fasciitis Treatment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Plantar Fasciitis Treatment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Plantar Fasciitis Treatment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Plantar Fasciitis Treatment market comprises of Middle East, Africa, and Latin America.
The largest market share for Plantar Fasciitis Treatment was maintained by the North American regional sector. Early detection of plantar fasciitis is facilitated by more knowledge about foot health and the accessibility of efficient therapies. People are seeking diagnosis and treatment from medical professionals as they become more aware of foot issues. The expansion of the market for plantar fasciitis treatment is influenced by ongoing developments in treatment techniques, such as novel drugs, treatments, and medical equipment. Both medical professionals and patients are looking for cutting-edge and efficient treatment alternatives.
Moreover, the Europe market has been persistently growing over the forecast period. Because plantar fasciitis is rather common, there is a constant need for therapeutic solutions. The ailment impacts people across different age brackets, which supports the expansion of the market. Plantar fasciitis is one of the musculoskeletal disorders that are more common in Europe's aging population. Effective treatments for plantar fasciitis are predicted to become more and more in demand as the percentage of senior people rises.
Additionally, As a center for medical tourism, the Asia-Pacific area may witness an increase in demand for treatment choices from people looking for specialized foot care, such as for plantar fasciitis. The development of sophisticated orthotic devices and treatment techniques, along with ongoing technical advancements in foot care, are factors driving the development of the plantar fasciitis treatment market.
Furthermore, the rest of the world's Plantar Fasciitis Treatment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising investment in research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Plantar Fasciitis Treatment market is expected to reach USD 8.02 billion by 2032, at a CAGR of 23.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increase in demand for treatment choices from people looking for specialized foot care
- Based on Type, the Medication Therapy segment was attributed to holding the largest market in 2022.
- Bayer AG (Germany), SUPERFEET WORLDWIDE, LLC (U.S.), Bauerfeind USA Inc. (Germany), Ottobock (Germany), Recover Sports Medicine (Australia), Shapecrunch (India), 3M (U.S.), OrthoBethesda (U.S.), Apothecary Products, LLC (U.S.), Ellis & Badenhausen (U.S.), SYNXSOLE PTY LTD. (Australia) and Revance Therapeutics, (U.S.).
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Companies Covered | 15 |
Pages | 128 |
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