Plantar Fasciitis Treatment Market - By Treatment Type (Medication [NSAIDs, Corticosteroid, Topical], Therapy [Shockwave {ESWT, IPST}, Orthotic, Ultrasound], Surgery), Indication (Mild, Moderate, Severe), End-use – Global Forecast, (2024 – 2032)
Report ID: GMI8660
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 11
Tables & Figures: 441
Countries covered: 22
Pages: 230
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Plantar Fasciitis Treatment Market
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Plantar Fasciitis Treatment Market Size
Plantar Fasciitis Treatment Market size was valued at around USD 1.2 billion in 2023 and is estimated to reach over USD 2.7 billion by 2032 with a CAGR of 9.3% over the forecast period. This robust market growth can be attributed to various factors, including ongoing advancements in technology, an increase in the prevalence of plantar fasciitis, a rising demand for minimally invasive procedures, the continual growth of healthcare expenditure, and an escalating awareness among patients and healthcare providers, among other contributing factors.
Moreover, plantar fasciitis is one of the most common causes of heel pain, affecting millions of individuals worldwide. The high prevalence of plantar fasciitis drives the demand for effective treatment options among patients seeking relief from symptoms such as heel pain, inflammation, and stiffness. As the incidence of risk factors such as obesity, physical activity, and age-related changes in foot structure continues to rise, the prevalence of plantar fasciitis is expected to increase, fueling growth in the market.
For instance, as per the article published by Journal of Orthopaedic & Sports Physical Therapy, in 2023, plantar fasciitis accounted for approximately 15% of all foot pathologies in the general population and is most common in those aged 40 to 60.
Furthermore, continuous advancements in medical technology drive innovation in the treatment of plantar fasciitis, leading to the development of novel and more effective treatment modalities. These advancements include the use of shockwave therapy devices, radiofrequency ablation, ultrasound-guided procedures, and regenerative medicine techniques such as platelet-rich plasma (PRP) therapy and stem cell therapy. Technological advancements improve treatment outcomes, reduce recovery times, and minimize complications, driving adoption rates among patients and healthcare providers, thereby contributing to the growth of the market.
Plantar fasciitis treatment refers to the various therapeutic interventions aimed at alleviating symptoms and addressing the underlying causes of plantar fasciitis, a common foot condition characterized by inflammation and irritation of the plantar fascia, the thick band of tissue that runs along the bottom of the foot, connecting the heel bone to the toes.
Plantar Fasciitis Treatment Market Trends
The market is witnessing several notable trends that are shaping its growth and development. Factors such as ongoing technological innovations in medical technology, increasing need for integrated wearable devices and digital health solutions, rising emphasis on personalized medicine, and a surging demand for telemedicine and remote monitoring, among other factors are propelling the industry growth.
Plantar Fasciitis Treatment Market Analysis
The market by treatment type is categorized into therapy, medication therapy, and surgery. The therapy segment is further bifurcated into orthotic devices, shockwave therapy, ultrasound therapy, and other therapies. The orthotic devices segment garnered USD 229.9 million revenue in 2023.
Based on indication, the plantar fasciitis treatment market is segmented into mild, moderate, and severe. The mild segment accounted for over 62% business share in 2023 and is anticipated to witness significant growth during the forecast period.
The plantar fasciitis treatment market by end-use is categorized into hospitals, orthopedic clinics, physiotherapy centers, and other end-users. The hospitals segment accounted for around USD 675.9 million revenue size in 2023.
North America plantar fasciitis treatment market accounted for USD 498.4 million revenue in 2023 and is predicted to witness substantial market growth.
Plantar Fasciitis Treatment Market Share
The plantar fasciitis treatment industry is characterized by intense competition among both large multinational and smaller firms. A key strategy employed by companies in this sector is the continuous development and introduction of innovative treatment options utilizing various technologies. The novel products aim to address the diverse needs of patients while staying ahead of competitors in the market. This emphasis on innovation underscores the dynamic nature of the industry and its commitment to advancing therapeutic solutions for plantar fasciitis.
Plantar Fasciitis Treatment Market Companies
Some of the eminent market participants operating in the plantar fasciitis treatment industry include:
Plantar fasciitis treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Treatment Type
Market, By Indication
Market, By End-use
The above information is provided for the following regions and countries: