Globally Plantar Fasciitis Treatment Market: Overview
A latest research study performed by Transparency Market Research (TMR) gauges the historical as well as current scenario of the global plantar fasciitis treatment market, to accurately evaluate its future opportunistic development. The report includes comprehensive information about the vital growth influencers, trends, and restraints that are impacting the growth of the plantar fasciitis treatment market, to spot the lucrativeness of the business potential for market players. The report also provides detailed information regarding how the plantar fasciitis treatment market will accelerate and underpin momentum during the foreseeable period (2019-2027).
The report offers incisive dynamics about the various aspects and nuances of the plantar fasciitis treatment market, to assist market players in making winning strategies. TMR’s report also offers information about the vital changes that are anticipated to shape the plantar fasciitis treatment market during the projection period. It covers a key indicator assessment to underline the range of the growth prospects of the plantar fasciitis treatment market and projection statistics related to the market growth in terms of value (US$ Mn).
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Plantar Fasciitis Treatment – A Rising & Promising Option
Plantar fasciitis has emerged as a persistent kind of repetitive strain injury that afflicts runners, hikers, and walkers, and also nearly everyone who stands for a living, such as cashiers for instance, especially on hard surfaces. The multi-factorial etiology of plantar fasciitis has led to a significant surge in the number of sufferers, while laying a firm base for the growth of companies that provide treatment for this condition. The steadily growing patient population has opened a window of opportunities for stakeholders who are widely adopting technologically-advanced products to alleviate heel pain in less period of time, and provide better relief even in worse cases. This continuing prevalence of plantar fasciitis has also paved the way for a range of customized foot orthotic insoles, specifically designed to alleviate pain while walking. With this heel pain increasing its hold on the growing geriatric population in particular, Transparency Market Research (TMR) decided to gauge the future growth prospects of the plantar fasciitis treatment market.
Changing Dynamics of Plantar Fasciitis Treatment Market
There are a wide range of treatments that form a promising ally for combating severe heel pain caused by plantar fasciitis, and thereby are widening the scope of growth for stakeholders. As per TMR’s estimations, the plantar fasciitis treatment market accounted for revenue worth ~ US$ 695 Mn in 2018. A large section of the working class stands for prolonged periods of time during their jobs, and suffers from body pain, specifically ankle or foot pain, which has been found to be the predominant cause of plantar fasciitis. This can be attributed to the fact that, the manufacturing sector continues to expand at an unprecedented rate, with ~ 22% of the global population engaged in this industry, who stand at one position for a long duration. In light of the growing incidences of heel pain caused by standing for prolonged periods of time, TMR analysts envisaged that the market is highly likely to take a leap of growth, expanding 1.4X between 2018 and 2027.
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North America to Account for Leading Share in Global Plantar Fasciitis Treatment Market
- Based on end user, the global plantar fasciitis treatment market has been categorized into hospitals, clinics, and others.
- In terms of region, the global plantar fasciitis treatment market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global plantar fasciitis treatment market during the forecast period, due to the high adoption of advanced treatment approaches and high prevalence of plantar fasciitis, owing to an increase in the geriatric and obese populations.
Plantar Fasciitis Treatment Market: Companies Mentioned in Report
The report contains the profiles of leading players operating in the global plantar fasciitis treatment market. Key players operating in the plantar fasciitis treatment market include
- Hanger, Inc.,
- Bayer Group (Dr. Scholl’s),
- Algeo Limited,
- Bauerfeind AG,
- Superfeet Worldwide, Inc.,
- Ottobock SE & Co. KGaA (Ottobock Holding),
- Pfizer, Inc.,
- Sanofi, G
- GlaxoSmithKline plc.
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