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.
Attributes
Details
Toe fixation systems Market Value in 2021
US$ 213.4 Million
Toe fixation systems Market Value in 2032
US$ 355.1 Million
Toe fixation systems Market CAGR (2022 to 2032)
5.3%
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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.
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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.
Scope of Report
Report Attributes
Details
Growth Rate
CAGR of 5.3% 2022 to 2032
Base Year for Estimation
2021
Historical Data
2012 to 2021
Forecast Period
2022 to 2032
Qualitative Units
Revenue in USD Million, and CAGR from 2022 to 2032
Report Coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segment Covered
Indication
End User
Region
Region Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Key Countries Profiled
USA
Canada
Brazil
Mexico
Germany
UK
France
Spain
Italy
China
Japan
South Korea
Malaysia
Singapore
Australia
New Zealand
GCC
South Africa
Israel
Key Players
Anika Therapeutics, Inc.
Arthrex, Inc.
Stryker
Zimmer Biomet.
Novastep Inc.
CENTRIC MEDICAL, LLC.
Osteotec Limited
VILEX, LLC
Wright Medical Group N.V.
DJO, LLC
Aleda Makina
Customization
Available Upon Request
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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
Frequently Asked Questions
What is the Growth Outlook for the Global Toe fixation systems Market?
The global toe fixation systems market is anticipated to register a CAGR of 5.3% during the forecast period.
Which are the Top 3 Countries Driving the Global Toe fixation systems Market in 2022?
The U.S., China, and India are the top threes countries driving the global toe fixation systems market is in the year 2022.
