Medical Footwear Market: Current Status, Opportunities, and Future Prospects

The Global Medical Footwear Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.

The global medical footwear market size reached USD 9.14 Billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period. High investments in healthcare sector along with increasing Research & Development (R&D) initiatives by various major pharmaceutical companies and technological innovations for development of medical footwear are some key factors driving market revenue growth. Rising prevalence of foot-related disorders like bunions, increasing number of sports injuries to foot and ankle, and rising consumer awareness regarding benefits of foot care are some major factors contributing to revenue growth of the market.

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Foot disorders require timely care in order to correct and avoid potential progression of other conditions caused, such as lower back pain, leg discomfort, and hip-related issues. Wearing custom orthotics and insoles helps in faster healing and restoration while providing stability to unstable joints, thereby improving overall health of ankle and joints in addition to preventing foot deformities. Such benefits from orthotics is driving steady demand for medical footwear across the healthcare sector, and in turn driving revenue growth of the market. According to the American Podiatric Medical Association (APMA), around 19% of the US population has an average of 1.4 foot disorders each year, and 5% of the US population gets foot infections annually, including athlete's foot, various fungal diseases, and warts.

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Medical Footwear market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Medical Footwear industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

Emergen Research has segmented global medical footwear market on the basis of type, distribution channel, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

Sandals

Shoes

Diabetic shoes

Flat feet shoes

Arthritis shoes

Other

Insoles

Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

Online

Offline

Competitive Outlook:

The global Medical Footwear market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Medical Footwear market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

New Balance, Dr. Zen's, DJO, LLC, Gravity Defyer Corp., Dr.Foot, MEPHISTO USA Inc., DARCO International, Inc., Duna Orthopaedic Shoes, Watts Footwear, and Orthofeet.

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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

Regional Outlook of Medical Footwear Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Table of Contents:

Chapter 1 includes an introduction of the global Medical Footwear market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.

Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.

In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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