Toe Fixation System Market

Toe Fixation System Market Overview (2022-2032)

The global toe fixation systems market was valued at around US$ 213.4 Mn in 2021, registering Y-o-Y growth of 6.0%. Toe fixation systems sales are projected to increase at a healthy CAGR of 5.3% and top a valuation of US$ 355.1 Mn by 2032.

“Rising number of surgical implants for the hammertoe treatment and launch of novel systems by manufacturers will boost the global toe fixation system market growth rate.”

A toe fixation system is a cutting-edge medical device that enhances stability in the first metatarsal. Toe fixation offers a motion-preserving substitute for toe fusion in addition to providing relief from bone voids. A patient with osteoporosis is more likely to break or fracture their toes.

Patients with hammertoes also have a toe deformity that bends the middle joint. Toe fixation systems are frequently utilized for the toe restoration in individuals with hammertoe and osteoporosis. With the introduction of a toe fixation systems, a revolution in the orthopedic medical device market has begun. Typically, a toe is straightened and secured in place during a day case operation under general anaesthesia using a metal wire or a clip inside the toe.

What are the Major Drivers Boosting the Demand for Toe fixation systems Market?

The market for toe fixation systems is expanding primarily due to the rising incidence of hammertoe and osteoporosis. The market for toe fixation systems will expand as more surgical implants for the treatment of hammertoe are developed. Additionally, the manufacturers of the toe fixation systems are concentrating on innovative product launches which will help to boost the revenue growth of the toe fixation systems market.

Moreover, the toe fixation systems manufacturers are collaborating with a top hospital, which will help the market for these devices grow financially. For instance, Stryker, the top medical technology firm, unveiled an immersive campaign to encourage consumers to research novel bunion treatment alternatives and raise awareness of the advantages of bunion surgery. The interactive campaign used visually appealing chalk patterns in four major cities - New York City, Los Angeles, Chicago, and Miami - to pique the curiosity of passers-by and encourage them to discover more.

Which Region Shows Strong Growth Potential in the Toe fixation systems Market?

The toe fixation systems market is majorly dominated by North America owing to a rise in orthopedic procedures in the U.S. and Canada. Following, North America, Europe and East Asia are anticipated to show gradual growth in the toe fixation systems market due to the rising prevalence of hammertoe. Due to the rising incidence of osteoporosis, India is a major market for toe fixation systems in the South Asian region.

Latin America and the Middle East and Africa are anticipated to show comparatively low adoption of the toe fixation systems due to the low availability of the skilled professionals and orthopedic surgeons in these regions.

Sabyasachi Ghosh

Principal Consultant

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Who are the Key Manufacturers of Toe fixation systems Market?

Some of the key manufacturers operating in the toe fixation systems industry are Anika Therapeutics, Inc., Arthrex, Inc., Stryker, Zimmer Biomet., Novastep Inc., CENTRIC MEDICAL, LLC., Osteotec Limited, VILEX, LLC, Wright Medical Group N.V., DJO, LLC, and Aleda Makina.

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Key Segments Covered in the Toe Fixation System Industry Survey

By Indication:

• Hammertoe
• Osteoporosis
• Bone Fracture
• Others

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa