Get In Touch

Hammertoe is a deformity of the second, third, or fourth toe causing the toe to bend at the middle joint rather than pointing forward. Common indications for hammertoe correction are adventitious bursitis on the dorsal surface of the hammertoe, ankylosis of the distal or proximal interphalangeal joint, ulceration of the apices, lateral metatarsophalangeal (MTP) capsular tear, synovitis/capsulitis of the MTP joint, persistent trauma, dislocation of the MTP joint, and co-existence of conditions such as tendon contracture. Fusion of joint is the most common surgical procedure to treat hammertoe.

Increase in the number of hammertoe correction surgeries that use implants and technological advancements in the field of hammertoe repair are anticipated to drive the hammertoe correction systems market. According the data published by Cartiva, Inc., in the U.S., nearly 600,000 surgical implant procedures are performed for the treatment of hammertoes every year. Furthermore, the market is driven by increase in the number of product launches in the market and distribution agreements by market players operating in North America and Europe. For instance, in February 2017, Centric Medical launched ROGUE+, a hammertoe correction system. In October 2016, Zimmer Biomet Holdings, Inc. entered into an exclusive agreement with Nextremity Solutions, Inc. to distribute the company's foot and ankle deformity correction products such as Nextra hammertoe correction system, MSP metatarsal shortening system, Re+Line bunion correction system, and ArcusTM staple system. This enabled the company to expand its foot and ankle portfolio across the world. Also, increase in the number of trauma cases leading to fractures and tendon imbalance led by neuromuscular conditions such as cerebral palsy is expected to significantly drive the market during the forecast period.

The global hammertoe correction systems market can be segmented based on application, end-user, and region. Based on application, the hammertoe correction systems market can be classified into bone fusion, osteotomy fixation, fractures, reconstruction, and others. The bone fusion segment is anticipated to expand at a rapid CAGR during the forecast period, due to rise in usage of hammertoe repair devices for bone fusion. In terms of end-user, the hammertoe correction systems market can be categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to account for the leading hammertoe correction systems market share in the next few years, owing to increase in the number of orthopedic surgeries and rise in the number of patients with fracture and capsular tear. 

The global hammertoe correction systems market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the maximum market share by the end of the forecast period, due to rise in the number of market players manufacturing products for hammertoe correction and increase in the number of trauma care centers and orthopedic specialty care centers in the region. The hammertoe correction systems market in Europe is anticipated to expand at a rapid pace during the forecast period, due to high demand for implantable systems in Germany and recent approvals of new hammertoe correction systems as well as extensive focus on research and development of innovative products in the region. The hammertoe correction systems market in Asia Pacific is expected to expand at a rapid CAGR during the forecast period, due to rise in awareness about sports medicines and increase in the number of players focusing on emerging markets in the region. The hammertoe correction systems market in Middle East & Africa is driven by presence of high-quality health care facilities, rapid adoption of technologically advanced medical implants, and progressive growth of health care industry in developing countries in the region. 

Key players operating in the global hammertoe correction systems market are Arthrosurface, Arthrex, Inc., Stryker, Novastep Inc., Zimmer Biomet, CENTRIC MEDICAL, LLC, Wright Medical Group N.V., Osteotec Ltd, VILEX IN TENNESSEE, INC. and Trilliant Surgical.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Hammertoe Correction Systems Market

Pre Book