5 Takeaways From The Plantar Fasciitis Treatment Market Overview 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
According to The Business Research Company’s Plantar Fasciitis Treatment Global Market Report 2023, the plantar fasciitis treatment market is expected to show promising growth in the forecast period.
The global plantar fasciitis treatment market is on a trajectory of robust growth, expected to reach $3 billion by 2027 from $1.08 billion in 2022, with a remarkable compound annual growth rate (CAGR) of 22.8%. A significant factor fueling this growth is the escalating prevalence of plantar fasciitis, driven in part by the rise in obesity. Furthermore, technological advancements in treatment options are reshaping the landscape of foot health, providing innovative solutions for individuals suffering from plantar heel pain.
- Obesity on the Rise: A Driving Force in Plantar FasciitisThe surge in obesity rates globally is anticipated to propel the growth of the plantar fasciitis treatment market. Obesity, characterized by abnormal or excessive fat accumulation, is a significant risk factor for developing plantar fasciitis. Individuals with a body mass index (BMI) of 30 or higher face a six times higher chance of acquiring plantar fasciitis compared to those with a normal BMI. The impact of the COVID-19 pandemic is evident in the United States, where the obesity rate increased by 3% between March 2020 and March 2021, emphasizing the pressing need for effective plantar fasciitis treatments.
- BMI as a Risk Factor:Individuals with a BMI over 30 have a significantly higher risk of developing plantar fasciitis.
- Obesity Surge During COVID-19:The obesity rate in the United States increased by 3% during the first year of the COVID-19 pandemic.
- Key Players in Plantar Fasciitis TreatmentMajor players in the plantar fasciitis treatment market are at the forefront of developing innovative solutions to address the growing demand for effective treatments. Bayer AG, Superfeet Worldwide LLC, and Pfizer Inc. are among the key contributors shaping the landscape of plantar fasciitis treatments.
- Technological Advancements: Revolutionizing Treatment OptionsTechnological advancements stand out as a key trend transforming the plantar fasciitis treatment market. Companies are investing in cutting-edge technologies to revolutionize the approach to treating plantar heel pain. ZetrOZ Systems, a US-based ultrasound technology manufacturer, recently introduced the Sam X1, an FDA-certified wireless ultrasound device designed for at-home usage. This innovative device offers a regenerative treatment alternative for soft tissue injuries, including plantar fasciitis. The Sam X1’s ultrasound technology widens blood vessels, delivering more oxygenated blood to the affected area, expediting the healing process without the need for drugs or surgery.
- Wireless Ultrasound Device:ZetrOZ’s Sam X1 is the only wireless ultrasound device FDA-certified for at-home usage.
- Regenerative Treatment:The device boosts cellular proliferation and widens blood vessels, expediting the healing process.
- Market Segmentation: Tailoring Treatment ApproachesThe plantar fasciitis treatment market is segmented based on various factors, including treatment types, diagnosis methods, and end-users. This segmentation allows for a tailored approach to address diverse patient needs.
- Treatment Types:Medication Therapy, Orthotics, Shockwave Therapy, Surgery, Other Types
- Diagnosis Methods:Medical History, Physical Examination, X-Rays, Radiography, Other Diagnosis
- End Users:Hospitals, Clinics, Other End Users
- Regional Dynamics: North America Leading the WayAs of 2022, North America holds the lion’s share of the plantar fasciitis treatment market, emerging as the largest region. The prevalence of plantar fasciitis and the proactive approach to healthcare contribute to the region’s dominant position.
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The Plantar Fasciitis Treatment Global Market Report 2023 offers a comprehensive overview on the plantar fasciitis treatment market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the plantar fasciitis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The Table Of Content For The Plantar Fasciitis Treatment Market Include:
1. Plantar Fasciitis Treatment Market Executive Summary
2. Plantar Fasciitis Treatment Market Segments
3. Plantar Fasciitis Treatment Market Size And Plantar Fasciitis Treatment Market Growth Rate
4. Key Plantar Fasciitis Treatment Market Trends
5. Major Plantar Fasciitis Treatment Market Drivers
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25. Key Mergers And Acquisitions In The Plantar Fasciitis Treatment Market
26. Top Plantar Fasciitis Treatment Companies
27. Plantar Fasciitis Treatment Market Opportunities And Strategies
28. Plantar Fasciitis Treatment Market, Conclusions And Recommendations
29. Appendix
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