Growing Prevalence Of Arthritis Is Stimulating The Demand For Hammertoe Treatment
Global Hammertoe Market Research Report: Information by Type (Rigid and Flexible), Treatment & Diagnosis (Treatment and Diagnosis), End User (Hospitals & Clinics and Physiotherapy & Orthopedic Centers) and Region (North America, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
Market Insights
Hammertoe is a foot problem where the feet are constantly bent. The problem is caused due to an imbalance of the ligaments and muscles that hold the finger tight. The growing prevalence of arthritis and the increasing spending on R&D in the health sector stimulate market growth. Factors such as complications and pain associated with surgical procedures, the risk of infections during surgical treatments, hospitalizations, and lack of awareness should hinder the market growth.
The prevalence of arthritis increased in February 2018. It is estimated that 54.4 million people in the population suffer from arthritis, with 23.4% of women and 18, 1% of men with arthritis, as per the Center for Disease Control and Prevention. By 2040, 78.4 million people over the age of 18 are expected to be prone to arthritis in the United States. As a result, the increasing prevalence of arthritis in the population will stimulate market growth.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/4172
Market Segmentation
The global hammertoe market is broadly bifurcated based on type, treatment & diagnosis, and end-user.
Based on the type, the worldwide hammertoe market is divided into a rigid type and a flexible type. The flexible hammertoe the joints can be straightened and moved. Flexible hammertoe can cause pain and irritation and lead to callus and corns. It is crucial to cure hammertoes, even if the fingers are flexible. According to Andrew Park, senior director of orthopedics at iDATA Research, global medical devices and company said 648,000 hammertoe surgeries were performed in the United States in 2017.
The global hammertoe market is also bifurcated into treatment and diagnosis. The treatment segment is further segmented into implant and surgery. The surgery segment is subdivided into arthroplasty and arthrosis. Segmented diagnosis is segmented into radiography, physical examinations, and others.
The global market for hammertoe is subdivided based on end-users into hospitals and clinics, physiotherapy, and orthopedic centers. The hospital and clinic segment dominates the global hammertoe market for end-users, with hospitals rapidly applying new technologies and procedures to provide appropriate services. Hospitals also spend about 10% of their annual technology budget.
Regional Outlook
The global hammertoe market is constantly growing. In 2016, North America and Europe had more than half of the global market share. More R&D investments and new product development are the most important factors for market growth in these regions. Demand is stronger in high-income countries, but the market is rapidly growing emerging economies such as India and China and. The rapid evolution of technology also has consequences for the health sector. Healthcare professionals and manufacturing companies are making changes to offer the best possible solutions on the market.
In 2016, North America had the largest market share and was the largest revenue generator in the global hammertoe market.
North America is a pioneer in the field of foot and ankle surgery and the largest market in the world in the toe market. Due to the availability of world-class healthcare infrastructure, advanced medical facilities, and the rapid acceptance of new products and treatments, the North American toe market is constantly growing. Many of the major players are operating and driving innovation and new product development. Qualified healthcare professionals, high purchasing power, product availability are some of the critical factors driving market growth.
Due to rising health spending and the rapid development of the health sector, Asia Pacific is anticipated to become the fastest-developing region in the global toe market during the forecast period.
Market Players
The leading industry giants backing the global hammertoe market include Zimmer Biomet Holdings, Arrowhead Medical Device Technologies LLC, Wright Medical Group N.V., Nextremity Solutions, LLC, Extremity Medical LLC, BioPro, Smith & Nephew, and Stryker
Recent Updates
The Licensing Consulting Group introduced a new medical fusion device treating hammertoe. The device is with a state-of-the-art shape memory material, which assists the device offers better stability and compression in contrast to other devices. The Organization expects the new device will back the rising demand for minimally-invasive and low-cost surgeries to correct hammertoe.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/hammertoe-market-4172
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
