The deformity market is witnessing a surge in demand driven by factors such as aging population, congenital deformities, and traumatic injuries, leading to increased market growth.
3D printing, computer-assisted surgery, and implant materials have facilitated technological development in the medical field, leading to revolutionizing of deformity correction procedures and market expansion.
Adoption of minimally invasive surgeries for deformity correction is growing as patients can recover faster and have less postoperative complications which drive market growth.
Increasing healthcare spending rate, especially in developing countries is enabling increased availability of deformity correction surgeries and spur orthopedic devices and implants market demand.
Growth of the market favoring devices and treatments of deformity correction is fueled by the increasing prevalence of musculoskeletal disorders such as scoliosis, kyphosis, and limb deformities.
The treatment and support of people with deformities become more patient-centric, where the level of treatment gets tailored to individual patient characteristics, needs, and preferences which greatly improves the accessibility and market growth.
The orthopedic implants market that includes those implants designed for joint replacement and fracture fixation is growing quickly with the high demand for the deformity correction procedures and contributing to the general market growth.
Growth of patient education and awareness programs regarding deformity correction options and procedures that enable patients to make well-informed choices are among the drivers of the market.
The value-based healthcare models trend that centers on the enhancement of patient outcomes and the reduction in healthcare costs factors the market trends and innovation in the deformity correction procedures and devices.
Partnerships between research institutions, health care organizations and industry participants are promoting innovativeness of the technologies and treatments of the deformity correction, hence market growth.
Medical tourism for deformity correction procedures has been on the rise, mainly in the countries that offer low-cost high-quality healthcare services, thus, the market is expanding and the competition intensifies among the market players.
Investments in healthcare infrastructure, including hospitals and specialty clinics equipped with advanced surgical facilities, are facilitating the growth of the deformity market by improving access to deformity correction treatments.
Deformity Market Size was valued at USD 0.54 Billion in 2023. The Global Deformity industry is projected to grow from USD 0.92 Billion in 2024 to USD 1.83 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.93% during the forecast period (2024 - 2032).
Deformity is the malformation of any component of the body leading to an impairment or functional loss of the organ. The condition results in the bony alteration in the topography of soft tissues. The exact cause for the disease is still unknown. However, genetic mutation, damage during the foetal stage, complications at birth, hormonal disorder, arthritis along with other causes are expected to cause this disease. Increasing prevalence of deformity is the major driving factor for the growth of the market. According to the Physicians Committee (2015), approximately 3% of all children born in the U.S. suffer major malformations at birth. Additionally, over 150,000 babies are born each year with birth defects. Though, in early stages the disease is acute, however if the proper treatment is not taken it may led to serious conditions.
A number of diagnostic procedures are available in the market for the diagnosis of deformities. A number of companies are involved in the manufacturing of innovative and effective treatment options for the patients. Besides, the increasing government support and rising healthcare expenditure are also supporting the growth of the market. Furthermore, rapid development in the imaging technology and continuous improvement in the medical services have fuelled the market growth. As there is no precise treatment available in the market and the cost associated with the surgeries is very high which is not affordable for people in the developing regions. Thus, lack of the precise treatment and high cost of surgeries may slow the growth of the market.
The global deformity market is segmented on the basis of types, therapy and end users.
On the basis of types, the market is segmented into congenital, and acquired. Congenital deformity is further segmented into Sprangel’s shoulder, elbow joint congenital dislocation, and others.
On the basis of therapy, the market is the market is segmented into diagnosis and treatment. Diagnosis is further segmented into MRI, CT scan, bone scan and others. Treatment is further categorized into medical therapy, surgical therapy, postoperative care, long-term monitoring and others.
On the basis of end users, the market is segmented into hospital & clinics, orthopedic care centers and others.
The Americas dominates the global deformity market owing to large patient population. According to the Physicians Committee (2015), approximately 3% of all children born in the U.S. have a major malformation at birth. Increasing number of people suffering from deformity and other bones disease have driven the growth of the Americas deformity market. Additionally, increasing government support for research & development, availability of funds for research, and high per capita income will fuel the growth of the market. Increasing awareness among people regarding the disease and well-developed technology will create opportunities for the development of the market.
Europe accounts for the second leading deformity market, which is followed by Asia Pacific. Increasing patient population, availability of funds for research, and government support for research & development projected to drive the market in Europe. Germany, France and U.K is expected to lead the European market.
Asia Pacific is the fastest growing region in the global deformity market owing to rapidly increasing population, the developing economies and rising demand for the better treatment options for the diseases. India and China holds the major share of the market.
Whereas, the Middle East & Africa owns the least share of the global deformity market due to the presence of poor economy, especially, in the Africa region. The market of this region is dominated by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. However, Africa region shows the fastest growth for the market.
The major key players in the global deformity market:
Intended Audience
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