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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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.
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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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.
| 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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The global toe fixation systems market is anticipated to register a CAGR of 5.3% during the forecast period.
The U.S., China, and India are the top threes countries driving the global toe fixation systems market is in the year 2022.
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Toe Fixation System Market
