Plantar Fasciitis Treatment Market Size Poised to Hit USD 7094.37 Million and Grow at a CAGR of 22.8% by 2030
Global Plantar Fasciitis Treatment Market research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the HELATH industry. This report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments. Analysis and estimation of important industry trends, market size, and market share are mentioned in this market report. An influential Global Plantar Fasciitis Treatment Market business report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player.
A wide ranging Global Plantar Fasciitis Treatment Market research report involves major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. Depending on client’s requirements, massive business, product and market related information is brought together via this report that eventually helps businesses create better strategies. The report has across-the-board and comprehensive market insights which are based on business intelligence. No stone is left unturned while researching and analysing data to prepare market research report like this one and the others. The persuasive Global Plantar Fasciitis Treatment Market report helps unearth the general market conditions, existing trends and tendencies.
Data Bridge Market Research analyses that the plantar fasciitis treatment market which is USD 1371.91 million in 2022, is expected to reach USD 7094.37 million by 2030, at a CAGR of 22.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Plantar Fasciitis Treatment Market Analysis and Size
According to an April 2021 update from the National Safety Council (NSC) in America, the Consumer Product Safety Commission (CPSC) reports that visits to emergency departments during the first seven months of the COVID-19 pandemic for consumer product-related injuries decreased by 24%. Track and field injuries had the most significant decrease in injuries. From March to September 2020, hockey, soccer, baseball, football, and basketball saw a more than 60% drop. According to the CPSC, these significant decreases were caused by the suspension of school and youth sports leagues in the spring and summer months of 2020 in response to the pandemic. These developments influenced global demand for plantar fasciitis treatment.
Plantar fasciitis is one of the most common causes of injuries to the foot. The condition is caused by the sole’s tenderness and affects the foot’s heel portion. It is defined as a type of sole muscle inflammation that is common in people who must stand for long periods of time on hard surfaces.
Drivers
- Rise in cases of injuries
According to data from the Centers for Disease Control and Prevention (CDC) updated in January 2022, unintentional injury accounted for 200,995 deaths in 2020, while traffic accidents killed 40,698 people in the same year. According to the same data, there were 24.8 million physician visits and 97.9 million emergency department visits in the United States in 2020. Thus, a high number of cases of various injuries indicates a greater number of people suffering from plantar fasciitis, driving the global market’s growth.
- Rise in geriatric population
According to World Population Prospects 2022, the proportion of the global population aged 65 and up is expected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of people aged 65 and up is expected to be more than double that of children under the age of five, and roughly equal to that of children under the age of twelve. As a result of the growing geriatric population suffering from musculoskeletal diseases such as plantar fasciitis, the demand for orthotic devices is expected to rise over the forecast period.
Recent Developments
- In 2022, Aetrex, Inc. announced the launch of its Foot.com Data Portal, a dedicated platform to assist shoe manufacturers around the world in creating better-fitting footwear.
- In 2020, Aetrex launched its thinnest 3D printed orthotic, designed specifically for shoes without removable insoles.
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Some of the major players operating in the plantar fasciitis treatment market are:
- 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)
- Revance Therapeutics, (U.S.)
Plantar Fasciitis Treatment Market Scope
Type
- Medication Therapy
- Oral
- Parenteral
- Orthotics
- Shockwave Therapy
- Surgery
- Intracorporeal Pneumatic Shockwave Therapy
- Others
Treatment Type
- Pharmacological Treatment
- Orthotic Devices
- Shockwave Therapy
- Surgery
- Other Treatment Types
End-User
- Hospitals
- Clinics
- Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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