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 top four companies covered in the foot treatment market are National Health Service, Kaiser Permanente, UPMC, and Mayo Clinic.
The countries covered are USA, UK, Germany, France, Italy, Spain, Russia, Brazil, Australia, China, India, Japan.
Podiatry Services Global Market Size
The global podiatry services market was valued at $19,377.4 million in 2017. North America was the largest region in the podiatrists market in 2017, accounting for 31% of the market. The USA was the largest country in the market in 2017, accounting for nearly 29% of the market.
Podiatry Services Global Market Trend
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.
Podiatry Services Global Market Segmentation
The podiatry services market is segmented By Specialty, By Treatment Condition and By Facility.
By Specialty The podiatry services market can be segmented by specialty into general podiatry (podiatry care), 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.
-Podiatric Surgery involves the surgical treatment of lower extremities such as foot and ankle and is performed under either local or general anesthesia.
-Sports Medicine market involves the treatment and management of sports and fitness injuries of the lower extremities sustained during sports activity.
-Podopediatrics focusses on the diagnosis and treatment of foot disorders in children.
By Treatment Condition The podiatry services market can be segmented by treatment condition into those related to diabetes, musculoskeletal condition, neurological diseases and other (non co-morbid) conditions.
-Diabetes related podiatry includes the assessment and treatment of diabetic foot ulcers, and foot care to prevent amputations of the lower limbs in diabetic population.
-Musculoskeletal diseases related podiatry includes the assessment and treatment of foot problems such as arthritis (osteoarthritis and rheumatoid arthritis), which lead to acute or chronic pain in the lower limbs, and other related conditions of the lower limb.
-Cardiovascular diseases related podiatry includes the assessment and treatment of problems such as peripheral vascular disease which results from poor circulation of blood to the feet.
-Neurological diseases related podiatry includes the assessment and treatment of peripheral neuropathy which leads to numbness or weakness in the lower limbs due to an insufficient supply of nutrients to the nerves.
-Others includes the assessment and treatment of non-comorbid conditions such as fungal nail infections and associated complications and also includes footwear advice for people with foot disorders.
By Facility The podiatry services market can be segmented by facility as hospitals, clinics and other facilities.
-Hospitals provide comprehensive podiatry services for patients suffering from various foot ailments. The services provided by hospitals also include the services provided by other physicians such as orthopedists, general physicians or endocrinologists for treating foot disorders. Podiatry services are also provided to in-patients who are primarily admitted for the treatment of other diseases such as diabetes, or cardiovascular and musculoskeletal diseases.
-Clinics are healthcare facilities that solely provide podiatry services for conditions that do not require any overnight observation of the patient under treatment. These clinics are operated by single podiatrist or a group of podiatrists and exist as a standalone clinic or chain of clinics.
-Other facilities include homecare organizations and nursing homes that provide podiatry services at home for patients who cannot access other healthcare facilities such as hospitals and clinics.