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.
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. Hammertoe can be caused because of wearing wrong type of shoes such as high heels or shoes that are too short or narrow that force the toe into a bent position. Other reasons are 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. Changing your footwear and wearing shoe inserts may relieve the pain and pressure of hammertoe but severe cases require surgery to get relief..
The treatment in most cases consists of physical therapy and new shoes with soft, spacious toe boxes and in severe cases, surgery. The patient may also be prescribed toe exercises that can be done at home to stretch and strengthen the toe muscles. Physical exercises such as stretching the toes or picking things by the toes are also effective. In some cases a brace that pushes down on the toes to force them to stretch out their muscles is also prescribed.
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Hammertoe can be of two types i.e. 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.
The treatment of hammertoe includes physiotherapy, drug treatment to relieve associated symptoms and surgery. The drawbacks of surgery include risk of infection, associated pain and hospital stay.
Top Players Business Overview:
BioPro (U.S.), Instratek (U.S.), Stryker Corporation (U.S.), Extremity Medical LLC (U.S.), Arrowhead Medical Device Technologies LLC (U.S.), Wright Medical Group N.V. (U.S.), Nextremity Solutions, Inc. (U.S.), Smith & Nephew plc (U.S.), Biomet, Inc. (U.S.), Acumed (U.S.), and others are some of the prominent players at the forefront of competition in the global hammertoe market and are profiled in MRFR Analysis.
Global Hammertoe Market – Regional Analysis
The global hammertoeing devices market is segmented into five major regions including Americas, Europe, Asia Pacific, and Middle East and Africa region.
The Americas dominate this market, particularly North America due to high healthcare expenditure in the region. The U.S. dominates the global hammertoe market, which is followed by Europe. The U.S. dominates the market owing to the higher healthcare expenditure and penetration. The larger research base, faster uptake of new technology etc. also benefit this US market. The public healthcare expenditure of US which comes out to be 16% of GDP in 2015 is a huge boost to the market. The concentration of large medical device firms in the U.S. is also a strong driver of the market. The presence of large global players such as Biomet, Instratek, Stryker Corporation etc. in the US has also strengthened the US market.
Rising screening are major drivers for the growth of Europe Hammertoe market. Some other factors such as growing number cases, advanced healthcare facilities, and adoption of new implants are driving the growth for the market.
Asia Pacific is the fastest growing and high potential market for Hammertoe. This growth is majorly attributed to developing healthcare sector, changing healthcare practices, growing number of cases and rising demand from the countries like China.
The Middle East & Africa region is expected to have limited growth due to some factors such as traditional healthcare practices, limited access and availability of the products, poor public healthcare expenditure etc. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
Global Hammertoe Market Major TOC:
1. Introduction
1.1 Definition
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure
2. Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3. Market dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
Continued…
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