Categories: Healthcare

Plantar Fasciitis Treatment Market Competitive Landscape 2024-2033

Overview and Scope

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.

Sizing and Forecast

The plantar fasciitis treatment market size has grown exponentially in recent years. It will grow 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..

The plantar fasciitis treatment market size is expected to see exponential growth in the next few years. It will grow to $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.. Major trends in the forecast period include focused rehabilitation techniques, innovations in orthopedic devices, biomechanical studies, alternative therapies advancements, patient education and self-care..

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Segmentation & Regional Insights

The plantar fasciitis treatment market covered in this report is 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

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

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Major Driver Impacting Market Growth

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. For instance, in January 2023, according to a report shared by Forbes, a US-based business magazine, During the COVID-19 pandemic, the obesity rate in the United States increased by 3% between March 2020 and March 2021. Therefore, the rise in obesity is driving the growth of the plantar fasciitis market.

Key Industry Players

Major companies operating in the plantar fasciitis treatment market are focused on developing dedicated platforms such as data portals to access global 3D foot scan data. A data portal is a web-based platform or interface that provides access to a collection of data sets, databases, or information resources. For instance, in September 2022, Aetrex, a US-based foot technology company that provides premium orthotics, which are recommended by doctors for treating plantar fasciitis, launched the Foot.com Data Portal, offering global 3D foot scan data to footwear brands for creating better-fitting shoes. The platform provides comprehensive foot data, including measurements by gender, foot size, and country, helping eliminate guesswork in footwear development. Aetrex’s foot scanners, Albert 2 Pro and Albert 3DFit contribute to the portal, allowing brands to access accurate 3D foot measurements and improve the design of anatomically correct lasts for enhanced comfort and performance.

The plantar fasciitis treatment market report table of contents includes:

1. Executive Summary

2. Plantar Fasciitis Treatment Market Characteristics

3. Plantar Fasciitis Treatment Market Trends And Strategies

4. Plantar Fasciitis Treatment Market – Macro Economic Scenario

5. Global Plantar Fasciitis Treatment Market Size and Growth

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31. Global Plantar Fasciitis Treatment Market Competitive Benchmarking

32. Global Plantar Fasciitis Treatment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Plantar Fasciitis Treatment Market

34. Plantar Fasciitis Treatment Market Future Outlook and Potential Analysis

35. Appendix