Hammertoe Market 2017: Key Players – BioPro, Instratek, Stryker, Extremity Medical LLC, Arrowhead Medical Device Technologies and More

The Worldwide Hammertoe Market inquire about report is developing with the quick pace; chiefly due the prospering Healthcare Sector. As per a current report distributed by the Market Research Future, The World Hammertoe Industry Research report is blasting and anticipated that would pick up unmistakable quality over the conjecture time frame. The Market is anticipated to exhibit a colossal development by 2023, outperforming its past development records as far as esteem and volume. The Market is forecasted to account for upsurge accretions of US$ 450 million by 2023with a striking CAGR of ~ 5.2 % during 2017 and 2023.

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BioPro, Instratek, Stryker, Extremity Medical LLC, Arrowhead Medical Device Technologies, LLC, Wright Medical Group N.V., Nextremity Solutions, Inc., Smith & Nephew plc. Biomet, Inc. and Acumed are some of the Prominent Players profiled in MRFR Analysis and are at the forefront of competition in the Global Hammertoe Market.

Hammertoe Market – Overview

The Hammertoe market is rapidly growing currently and gaining a huge traction owing to the rising prevalence of foot deformity. Hammertoe could be caused due to many reasons but the one that tops most over other reasons is a shoe with inappropriate fitting like foot wears with high heels, high arches, or shoes that are too tight. And the industries that largely support growth of the Hammertoe market are Fashion/ Luxury Fashion Industry, Media & Entertainment Industry.

The Hammertoe market is accruing and expected to gain further prominence over the forecast period. According to a recent study report published by the Market Research Future, The global market of Hammertoe is projected to accrue at a rapid pace during the forecast period.

The Hammertoe market is driven by a numerous reasons including growing prevalence of foot deformity caused by wearing a tight or in appropriate fittings shoes. Even the rising hype of corporate culture that prompts women to consider that high heels shoes are the only formal/ office foot wears is also responsible for growing prevalence of Hammertoe up to some extent. Other reasons that lead to Hammertoe are genetic condition, foot structure such as bunions or other foot problems, trauma, certain muscle, nerve, or joint damage, diseases such as osteoarthritis, rheumatoid arthritis, stroke, complex regional pain syndrome or diabetes. All these reasons are contributing to the prevalence of Hammer Toe and eventually are driving the market growth of Hammertoe pervasively. Additionally, rising geriatric populace provides impetus to the market growth of Hammertoe. Geriatric people are more prone to diseases such as arthritis, joint or bone pain, epilepsy, depression, nerve damage, owing to low immunity levels or gene alteration. Moreover, technological advancements transpired in the field of Hammertoe treatments coupled with the availability of novel treatment methods and innovative medications and treatments are fostering the market growth of Hammertoe Market to an extent. Availability of multiple insurance/ health plan such as HMO’s, PPO’s are posing as motivation to patients/sufferer to avail the best healthcare.

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The treatment of Hammertoe include physiotherapy, drug treatment to relieve associated symptoms and surgery. The drawbacks of surgery include risk of infection, associated pain and hospital stay. Surgery is recommended only when conservative treatments fail, surgery can release the tendon that’s preventing the toe from lying flat. In some cases, the surgeon also might remove a piece of bone to straighten the affected toe.

Hammertoe can lead to other foot problems like blisters, calluses and sores. Basic indications of Hammertoes are torment, redness, swelling, calluses and ulcers. This is particularly unsafe for diabetics, as these conditions may prompt contamination (infection) and ultimate amputation. Hammertoes for the most part begin as mild deformities that deteriorate over time, and if left untreated, Hammertoes can turn out to be more rigid and cause arthritis.

Off late, novel surgical systems are available for Hammertoe correction. These Systems are simple and effectively performed on an outpatient basis. Full weight bearing is Full weight bearing is possible the day of surgery. Procedures are performed around the same time in the surgery segment of a clinic.

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Hammertoe Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Hammertoe appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing and reputation. The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified completion. Top players are investing heavily in R&D and clinical trials to develop effective drugs to treat Hammertoe. Top players are holding the largest market share while other small and medium size companies are also growing. Pharma companies operating in the market are researching and developing innovative medications and new therapeutic approaches that help make a difference to people’s lives. These companies strive to discover innovative drugs and treatments that can improve the quality of life for patients. These also focus on therapeutic areas with a high unmet medical need, areas that require further innovation despite the progress that has been made.

K-wires have been one of the most common devices used to hold toes in place during healing, however with K-wires, patients need to stay off their feet during recovery and wear an open-ended shoe, besides the wires can be painful, uncomfortable and are prone to infection, For these reasons, some surgeons are starting to use a range of toe implants that are becoming available instead of K-wires.

MiToe, is stainless-steel screws (implants) developed by Wright Medical, to keep the toes in place once corrected the deformities and lined up the bones. The implants are permanent, keeping toes in the correct position and significantly reducing the chance of the toe reverting to a Hammertoe position.

Hammertoe Market – Segments

The Hammertoe Market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Type: Comprises Flexible Hammer Toes and Rigid Hammer Toes.

Segmentation By Treatment: Comprises Drugs, Orthotic Devices, Surgery, and other.

Segmentation by End Users: Comprises Hospitals & Clinics, Physiotherapy and Orthopaedic Centers, and other.

Segmentation By Diagnosis: Comprises Physical Exam, X-Rays, and other.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Hammertoe Market – Regional Analysis

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 in the US 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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