Treace Medical Concepts is a medical technology company that develops and commercializes surgical systems for the treatment of bunions and midfoot deformities, with its flagship Lapiplasty 3D Bunion Correction System addressing the root cause of bunions through three-dimensional correction and stabilization of the first tarsometatarsal joint. The company sells a comprehensive portfolio of surgical instruments, implants, and patient-specific planning tools to podiatrists and orthopaedic foot and ankle surgeons in the United States, where bunions affect a substantial portion of the population and traditional two-dimensional surgical approaches carry high recurrence rates. Treace generates recurring revenue through a combination of reusable instrumentation sales and single-use sterile implant kits distributed via a direct sales force and independent agencies, supported by surgeon education programs and direct-to-patient marketing to drive adoption of its minimally invasive and three-dimensional surgical approaches.