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Plantar Fasciitis Treatment Market Size, Share, Revenue, Trends And Drivers For 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UK, September 10, 2024 /EINPresswire.com/ -- The plantar fasciitis treatment market has experienced robust growth in recent years, expanding from $1.34 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to alternative therapies, patient education and awareness, pain management solutions, rise in sports injuries, physical therapy techniques.
What Is The Estimated Market Size Of The Global Plantar Fasciitis Treatment Market And Its Annual Growth Rate?
The plantar fasciitis treatment market is projected to continue its strong growth, reaching $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to regulatory changes and approvals, patient-centric approaches, research and clinical trials, focus on personalized medicine, growing aging population.
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Growth Driver Of The Plantar Fasciitis Treatment Market
A rise in obesity is expected to propel the growth of the plantar fasciitis market going forward. Obesity is a health risk caused by an abnormal or excessive fat buildup. Overweight is defined as a body mass index (BMI) of 25 or greater and obesity as a BMI greater than 30. A person with a normal weight has a chance of acquiring plantar fasciitis that is almost six times lower than that of someone with a body mass index (BMI) of 30 or higher.
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Which Market Players Are Driving the Plantar Fasciitis Treatment Market Growth?
Key players in the plantar fasciitis treatment market include Bayer AG, Superfeet Worldwide LLC, Bauerfeind AG, Ottobock SE & Co. KGaA, Shapecrunch Technology Pvt. Ltd., Sanofi SA.
What Are the Emerging Trends Shaping the Plantar Fasciitis Treatment Market Overview?
Technological advancements are a key trend gaining popularity in the plantar fasciitis treatment market. Major companies operating in the plantar fasciitis treatment market are developing and implementing new technologies to revolutionize treatment for plantar heel pain and expanding their geographic presence to sustain their position in the market.
How Is The Global Plantar Fasciitis Treatment Market Segmented?
1) By Type: Medication Therapy, Orthotics, Shockwave Therapy, Surgery, Other Types
2) By Diagnosis: Medical History, Physical Examination, X-Rays, Radiography, Other Diagnosis
3) By End User: Hospitals, Clinics, Other End Users
Geographical Insights: North America Leading The Plantar Fasciitis Treatment Market
North America was the largest region in the plantar fasciitis treatment market in 2023. The regions covered in the plantar fasciitis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Plantar Fasciitis Treatment Market Definition
Plantar fasciitis treatment refers to the medical care or preventive measures given to a patient to evaluate the incidence and frequency of a degenerative condition of the thick band of tissue at the base of the foot. Physical therapy is an important component of plantar fasciitis treatment.
Plantar Fasciitis Treatment Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global plantar fasciitis treatment market report covering trends, opportunities, strategies, and more
The Plantar Fasciitis Treatment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on plantar fasciitis treatment market size, plantar fasciitis treatment market drivers and trends, plantar fasciitis treatment market major players, plantar fasciitis treatment competitors' revenues, plantar fasciitis treatment market positioning, and plantar fasciitis treatment market growth across geographies. The plantar fasciitis treatment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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