MarketResearchFuture.com adds “Hammertoe Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
The report titled “Hammertoe Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Hammertoe Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The global Hammertoe market is expected to reach US$ 450 million by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023.
Market Scenario of the Hammertoe Market:
Hammertoe is a foot deformity due to imbalance in the muscles, tendons or ligaments which normally hold the toe straight. A hammertoe has an abnormal bend in the middle joint of a toe and usually occur in the second, third and fourth toes. The global Hammertoe market is expected to reach US$ 450 million by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023.
Key Players in the Global Hammertoe Market:
Some of Key Players profiled in the report are BioPro, Instratek, Stryker, Extremity Medical LLC, Arrowhead Medical Device Technologies, LLC, Wright Medical Group N.V., Nextremity Solutions, Inc., Smith & Nephew plc. Biomet, Inc., Acumed and others.
Market Dynamics of Global Hammertoe Market:
The market drivers of Hammertoe market are wearing wrong type of shoes such as high heels or shoes that are too short, foot structure such as bunions or other foot problems, trauma and certain muscle, nerve, or joint damage diseases such as osteoarthritis, rheumatoid arthritis, stroke, Charcot–Marie–Tooth disease, complex regional pain syndrome or diabetes and others.
The market constraints are cost of treatment, implant rejection, alternative and relief treatment such as changing your footwear and wearing shoe inserts, toe exercises, lack of awareness, rejection of toe implants and others. The drawbacks of surgery include risk of infection, associated pain and hospital stay also constrain the market.
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Recent Advantages in the Hammertoe Market:
K-wires have been the gold standard for hammertoe repair, but in recent years, there has been a move away to other forms of fixation. Product development has led to development of implants made from better materials such as titanium and nitinol. Nitinol implant compresses across the joint due to warming to the body’s temperature level.
Latest devices also come with adjustment mechanism, allowing for further correction of the deformity. Screw nased implants such as the StayFuse implant made of two-piece interlocking titanium resemble a screw with threaded heads. The implant snaps together giving the device its final construct which decreases the risk of infection.
Small cannulated screws are a latest addition which although sacrifices the distal interphalangeal joint in favour of reduced risks of residual toe angulation, and mallet toe deformity.
Segments of Global Hammertoe Market:
The global Hammertoe market has been segmented on the basis of type, diagnosis, treatment and end users.
By type – flexible hammer toes and rigid hammer toes. Flexible hammer toes are less serious and are still moveable at the joint and are in the developmental stage. Rigid hammer toes is more developed and more serious and can be seen in cases of severe arthritis. Rigid hammer toe are tight, with misaligned and immobile joint, generally requiring surgery.
By diagnosis – physical exam, X-rays and others.
By treatment – drugs, orthotic devices, surgery and others.
By end users – hospitals & clinics, physiotherapy and orthopaedic centres and others.
Regional Analysis of Global Hammertoe Market:
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new technology and greater screening in the U.S. drives the global Hammertoe market. Also, concentration of major research companies and cancer research sector in the developed countries of this region is adding fuel to the market growth.
Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing industrial sector during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
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