Global Hammertoe Market By Type (Flexible Hammer Toes, Rigid Hammer Toes) Diagnosis (Physical Exam, X-Rays, Others) Treatment (Drugs, Orthotic Devices, Surgery, Others) End-Users (Hospitals, Clinics, Physiotherapy & Orthopedic Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Hammertoe Market
Global hammertoe market is set to witness a substantial CAGR of 5.7% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to increase in prevalence of joint pain, growing geriatric population and increasing R&D expenditure.
Market Definition: Global Hammertoe Market
A hammertoe is a feet related disorder in which causes defect of the second, third or fourth finger in the toe. People suffering from hammertoe may have corns or calluses on the top of the middle joint of the toe or on the tip of the toe. Such condition may cause imbalance in the muscles, tendons, or ligaments that hold the toe straight.
According to Arthritis Foundation, about 54 million adults have diagnosed with arthritis. Almost 300,000 babies and children are suffering from a rheumatic condition. Around 31 million Americans are affected by a most common osteoarthritis.
· Advancement in technologies is enhancing the market growth
· Rising number of geriatric population is increasing the market growth
· Improvement in regulatory policies is driving the market growth
· Growing R&D expenditure in the pharmaceutical industry is enhancing the market growth
· Worldwide growing cases of arthritis also a driver for this market growth
· Lack of awareness among people is hampering the growth of this market
· Problems associated with surgery is hindering the market growth
· Hospital stay associated and pain is restraining the growth of the market
Segmentation: Global Hammertoe Market
· Flexible Hammer Toes
· Rigid Hammer Toes
· Physical Examination
· Orthotic Devices
· Orthopedic Centers
· North America
· United Kingdom
· Rest of Europe
· South Korea
· South Korea
· New Zealand
· Rest of Asia-Pacific
· South America
· Rest of South America
· Middle East & Africa
· South Africa
· Rest of Middle East & Africa
Key Developments in the Market:
- · In April 2019, Peek-Optima HA Enhanced announced that its Nvision’s foot and ankle implant has been cleared by the FDA. This first foot and ankle implant to be made from biocompatible polymer material. It would lower the extremity of the implant to use structural encoding. This implant would help in treating the patients suffering from hammertoe
- · In August 2016, Centric Medical, the foot & ankle division of Life Spine announced that it has won FDA clearance for its Hammertoe Correction System. The system is designed to be put in between the proximal and middle phalanges to oppose the threads fixate on the phalangeal canal to compress the joint. This system would help patients suffering from hammertoe
Global hammertoe market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hammertoe market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Some of the major players operating in global hammertoe market are BioPro, Extremity Medical, Stryker, Arrowhead Medical Device Technologies, LLC, Wright Medical Group N.V., Nextremity Solutions, Inc., Zimmer Biomet, Device Technologies, Inc., Centric Medical, LLC., Ossio, Generex Biotechnology Corp., Pantheon, Integra LifeSciences Corporation. Orthofix Holdings,Inc., Össur, Smith & Nephew Plc, and Acumed LLC among others.
Research Methodology- Global Hammertoe Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- · Current and future of global hammertoe market outlook in the developed and emerging markets
- · The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- · Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- · The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- · All segmentation provided above in this report is represented at country level
- · All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)