Should i be concerned about these tiny little reddish bulbs on the insides of my toes? if so what should i do to aide the healing process or hinder the new growth? thanks

Without actually: looking at the area in question it is difficult to be certain about a diagnosis however it is most likely that this is Athletes Foot (fungal infection.) Use some good quality athletes foot cream per the instructions on the cream and see how it goes. If no improvement in a few days then see your health care provider for evaluation.

Rubbing Toes....: It sounds as though you are describing the effects of toes being compressed together as seen most commonly with tighter fitting shoes. These"bulbs" are thickened skin located over the small, but sometimes, processes of bone sticking out of the sides of the toe bones. The skin bulbs are formed by being trapped between the underlying bone on one toe, rubbing against the same on the next toe. Shoes..