Hammertoe Market Segmentation by End-Users (Orthopedic Centers, Hospitals, and Clinics & Physiotherapy); by Type (Flexible, and Rigid Hammertoe); and by Diagnosis & Treatment (Diagnosis and Treatment)-Global Demand Analysis & Opportunity Outlook 2031

Global Hammertoe Market Highlights Over 2022 - 2031

The global hammertoe market is estimated to grow at a ~10% CAGR over the forecast period, i.e., 2022–2031. Moreover, the market registered a revenue of approximately USD 11.0 billion in 2021. The growth of the market can be attributed to the increase in the geriatric population and the rise in the number of hammertoe surgeries. According to the National Library of Medicine, toe surgery accounts for 48 percent of forefoot surgeries, with hammertoe surgery being the most common. Moreover, the surge in accidents giving rise to foot fractures is further anticipated to increase the growth of the global hammertoe market.

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The hammertoe market is segmented by end-users into orthopedic centers, hospitals, clinics & physiotherapy, out of which the hospital segment is anticipated to hold the largest share over the forecast period in the global hammertoe market. This can be attributed to the increase in the number of undergoing orthopedic surgeries and the rise in the advancement of technologies in hospitals for providing better treatment to patients.

Global Hammertoe Market Regional Synopsis

Regionally, the global hammertoe market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. On the strength of the rise in investment in the healthcare sector and rapid advancement in technologies and facilities, the market in the North America region is anticipated to hold the largest share over the forecast period. As per Research America, the United States' investment in medical and health research and development reached USD 245.1 billion in 2020. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of a rise in the awareness among the sports players related to hammertoe, and an increase in the geriatric population. As per the World Bank, the percentage of the population in China aged 65 or more has increased from 4 percent in 1960 to 12 percent in 2020.

Market Segmentation

Our in-depth analysis of the global hammertoe market includes the following segments:

By End-Users

• Orthopedic Centers

• Hospitals

• Clinics & Physiotherapy

By Type

• Flexible Hammertoe
• Rigid Hammertoe

By Diagnosis & Treatment

• Diagnosis

• Treatment

Growth Drivers and Challenges Impacting the Growth of the Global Hammertoe Market

Growth Drivers

• Increase in the geriatric population

• Rise in the number of hammertoe surgeries

Challenges

• Strict medical regulations by governing body

• Lack of skilled professionals for the treatment

Key Companies Dominating the Global Hammertoe Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global hammertoe market that are included in our report are Nextremity Solutions, Inc. (Medartis Holding AG), Biomet, Inc., Smith & Nephew Healthcare Pvt. Ltd., Arrowhead Medical Device Technologies, LLC, Zimmer Biomet, Wright Medical Group N.V., (Stryker), BioPro, Inc., Extremity Medical, Acumed LLC, Osteotec Limited, and Others.

Latest Developments in the Global Hammertoe Market:

• 3 May 2022 – Medartis Holding AG announced the acquisition of Nextremity Solutions Inc., and the total purchase price for the transaction will be up to $70 million, which includes up to $30 million in milestone and earn-out payments.

• 11 November 2020: Stryker announced the acquisition of Wright Medical Group N.V. in order to advance innovation and reach more patients.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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