Podiatrists are physicians or surgeons specializing in preventing, diagnosing and treating conditions of lower extremities such as feet and ankle. Podiatrists offer comprehensive care for all situations regarding problems with the skin, muscles, ligaments, nerves and bones of the foot and ankle. Podiatrists may suggest diagnostic tests after evaluating symptoms. Diagnosis of the condition leads to treatment options which include either medication, alternative therapy or surgical procedures.
The global podiatry services market is highly fragmented among many solo practices by private practitioners. Major providers of podiatry services include the UK's National Health Service, Kaiser Permanente, UPMC and Mayo Clinic.
The countries covered are USA, UK, Germany, France, Italy, Spain, Russia, Brazil, Australia, China, India, and Japan.
The global podiatry services market was valued at $19,377.4 million in 2017. North America was the largest region in the podiatry services market in 2017, accounting for around 31% of the market. The USA was the largest country in the podiatry services market in 2017, accounting for around 28% of the market.
Medical insurance plans covering treatment of foot, ankle or lower limb ailments are sparse except for conditions associated with a comorbid condition such as diabetes, arthritis or cardiovascular diseases. These plans do not cover routine foot healthcare or consultation for footwear advice. The non-inclusion of podiatry services in medical insurance plans have resulted in low access to these treatments which have increased the healthcare expenditure of the payers owing to more expensive treatments at a later stage. In view of this, medical insurance payers have started expanding their coverage to various foot disorders which require special medical attention. For instance, the Medicare Advantage Plan in the USA covers conditions where foot care is essential and also includes cases where consultation for footwear advice is mandatory, especially when accompanied by conditions such as diabetes.
The Podiatry Services Global Market is segmented into General Podiatry, Podiatric Surgery, Sports Medicine, and Podopaediatrics.
General Podiatry involves the diagnosis and treatment of foot problems associated with chronic conditions such as diabetes, arthritis, cardiovascular and neurological diseases. The general foot ailments such as corns and calluses, nail infections and other general foot disorders also come under this segment. It also includes the treatment of fungal infections affecting the feet.
Podiatric Surgery involves the surgical treatment of lower extremities such as foot and ankle and is performed under either local or general anesthesia. The types include surgeries for nail infections, soft tissue surgery and tendon and joint surgery. This surgery segment does not include the market for ankle and foot joint replacement
Sports Medicine involves the treatment and management of sports and fitness injuries of the lower extremities sustained during sports activity. Sports medicine therapies include orthoses, (splints, braces and other external supports typically made of lightweight materials such as thermoplastics) and customized medical footwear advice.
Podopaediatrics focusses on the diagnosis and treatment of foot disorders in children. A number of different foot ailments can affect children, these can include structural issues with the foot like flat footedness, or other, more general issues like ingrown toe nails or infections