The global medical footwear market size is expected to grow from $8.40 billion in 2021 to $8.97 billion in 2022 at a compound annual growth rate (CAGR) of 6.80%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The medical footwear market is expected to reach $11.76 billion in 2026 at a CAGR of 7.0%.
What is the Global Medical Footwear Market?
The medical footwear market consists of sales of medical footwear by entities (organizations, sole traders, or partnerships) that refer to a special type of foot wear designed to accommodate footwear needs of individuals possessing one of several foot disorders and medical conditions. A few medical conditions that can benefit by this medical footwear include people with diabetic foot, corns, calcaneal spurs, heel cracks, and heel pain.
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What drives the Global Medical Footwear Market?
The rapidly growing prevalence of foot-related issues such as bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis is significantly contributing to the growth of the medical footwear market. Foot-related issues generally refer to the issues that relate to the feet which cause pain in the foot. Foot-related issues are common in people with diabetes. Some of the foot-related issues like bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis are common in these patients. Due to these food-related issues, doctors recommend to use medical footwear. For instance, according to the survey conducted by D López-López in 2021, there is an increase in the prevalence of foot pathologies, ranging between 61 and 79%, which is why they constitute an important public health problem. Most of the people were facing issues like bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis. So, an increase in these foot-related issues is driving the growth in the medical footwear market.
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Global Medical Footwear Market Segments
The global medical footwear market is segmented:
By Product: Medical Shoes and Boots, Medical Sandals, Others
By Sales Channel: Direct Sales of Medical Footwear, Footwear Specialty Stores, Medical and Healthcare Centers, Online Retailers of Medical Footwear, Mono-Brand Stores, Others
By Application: Diabetic Shoes, Arthritis Shoes, Bunions and Hallux Valgus Shoes, Flat Feet Shoes, Others
By End-User Sex: Men, Women
By Geography: The regions covered in the medical footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Medical Footwear Global Market Report 2022 provides market size and growth forecasts for the global medical footwear market, global medical footwear market share, medical footwear market segments and geographies, medical footwear market competitive landscape including leading competitors’ revenues, profiles and market shares. The medical footwear market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Medical Footwear Industry Players include Aetrex Worldwide Inc., Orthofeet, Duna, Darco International Inc., Dr. Zen Inc., Gravity Defyer Corp., Dr. Foot Inc., DJO LLC(Dr.Comfort), and Horng Shin Footwear Co. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
