The Bunionectomy Market To Witness An Effervescence Of Growth In The Next Decade

Posted by Merin John on May 26th, 2021

Bunionectomy indicates surgical removal of bunion i.e. enlargement of a bony bump at the base of the big toe. A bunion is comprised of soft tissue and bone and causes inflammation in the foot. This bunion causes difficulty in walking and irritation from shoes that don’t fit properly. Bunionectomy is performed when the anti-inflammatory drugs and orthotics are not successful. Recovery from bunionectomy can be done within six to eight weeks and with the help of surgical boot and the patient can walk normally.

Development of bunion can be hereditary or result of congenital deformity. Bunionectomy market is estimated to grow significantly during the forecast period with an increased investment towards the healthcare sector by several developed and developing countries. According to the National Institutes of Health (NIH), the bunion is likely to appear among 23 out of 100 adults across the globe.

Prevalence of COVID 19 has led to the cancellation of majority non-fatal procedures, hence leading to a delay in global bunionectomy market growth. There has been a significant delay in hospital-patient visits hindering the growth of the global bunionectomy market. Majority of healthcare professionals are dedicated towards coronavirus care treatment leading to a shortage of healthcare professionals in global bunionectomy market and challenging the market growth.

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Some key players contributing global bunionectomy market are:

  •          Hoag Orthopedic Institute
  •          Johns Hopkins Medicine
  •          Winchester Hospital
  •          Mayo Clinic
  •          Rubin Institute for Advanced Orthopedics
  •          Marsh Field Clinic
  •          Duke Health
  •          KIMS Hospitals
  •          UChicago Medicine
  •          Blake Lands Hospital
  •          C. K. B. Hospitals
  •          Others

The rise in geriatric population is expected to increase demand for global bunionectomy market during the forecast period. An increasing number of multi-speciality hospitals providing bunionectomy procedure services will propel the growth of the global bunionectomy market. Increasing diagnosis and treatment adoption rate will boost global bunionectomy market growth in the coming decade. Rising healthcare expenditure across developed countries will propel bunionectomy market growth.

Advancement in therapeutic technology and increasing research and development investments in global bunionectomy market are the favourable scenarios. For instance, in July 2020 the University of Foot and Ankle Institute (UFAI) along with Crossroads Extremity Systems developed a new minimally invasive bunionectomy procedure called mini Bunion in the U.S.

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Merin John

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Merin John
Joined: December 11th, 2020
Articles Posted: 262

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