- Report ID: BMRC 967 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Medical Device | Delivery Timeline:
"Medical Footwear Market is expected to grow with a CAGR of 7.50% over the forecast period."
Rising health awareness among individuals worldwide, increasing prevalence of foot-related issues, such as ankle varus, arthritis, bunions, hammertoes and rising geriatric population as well as healthcare expenditure are expected to boost the growth of Global Medical Footwear Market over the forecast period.
The medical footwear is therapeutic footwear, in particular developed and intended to reduce the risk of several skin issues and prevent complications such as strain, ulcers and amputations. These are prescribed for the people who have unusually shaped foot or functional impairment of the lower limb. This may be exacerbating if they have an underlying medical condition such as diabetes, severe arthritis or many other afflictions. This generally takes place in situations of captivity, such as imprisonment or slavery, where the groups are among other things distinctly divided by whether or whether not footwear is being worn. However, in these cases the use of footwear categorically indicates the exercise of power as against being devoid of footwear, evidently indicating inferiority. The medical footwear uses the diabetic footwear sometimes referred to as extra depth therapeutic or sugar footwear. There is customized designed footwear intended to reduce the risk of skin breakdown in diabetics with pre-existing foot disease.
Hence, the people with diabetic neuropathy in their feet may have a false sense of security as to how much at possibility their feet actually are an ulcer under the foot can develop in a couple of hours. The benefits such as better support, proper circulation of blood flow, and diminished pain, the sale of medical shoes are fostering the adoption of these shoes and thus this factor is predictable to contribute largely to the medical footwear industry. The technology design, law awareness about foot health, no insurance coverage on medical footwear in many emerging markets, high cost of footwear, delivery methods and identifying the most proper patient population to benefit from these type of footwear. Additionally, advent of new diabetic footwear is going to boost the global market within the forecast period.
Global Medical footwear Market report is segmented on the basis of type, application, and by regional & country level. Based on type, global medical footwear market is classified as the skin disease, clubfoot and other. Based upon application, global medical footwear is classified into adult and children.
The regions covered in this medical footwear market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of medical footwear is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for Global Medical Footwear Market are,
Global Medical Footwear Market Dynamics–
Increasing health concern due to growing sedentary lifestyle and the resultant problems caused by it are what benefits the medical footwear demand. This influences the consumers to actively take part in both indoor and outdoor physical activities. In addition, the rising health awareness among women, improvement in online retail penetration, and foot care among diabetic patients drive the growth of the market. According to Blanchard Valley Health System; the average person walks approximately 10000 steps per day, means 3 million steps annually by carrying 4 to 6 times weight of body on ankle joint while climbing and walking hence foot health should be active. In all these activities footwear plays an important role in maintaining the lifetime hence to avoid the ill effects like knee pain, and lower back pain the medical footwear are preferable.
However, the availability of counterfeit products which are developed by local manufacturers is expected to slightly restrain the growth of the global medical footwear market. Moreover, demand for these products is also increasing due to recommendations from physicians and physiotherapists. The technological advancement in medical footwear industry enabled the companies to manufacture quality products with an objective to fulfill the growing requirement of consumers. Consumers are also willing to spend more on footwear owing to the adoption of high-quality raw material and using of various machines that aim to produce accurate and precise products keeping in mind the comfort of consumers. Companies are also focusing on adopting 3-D printing technology with an objective to produce quality shoes in less time. The effectiveness and challenges of window of opportunities therapeutic footwear to reduce the risk of several skin issues such as blisters, sores, and the current Australian and international trial landscape in this clinical space identify new growth opportunities and design new growth strategy.
Global Medical Footwear Market Regional Analysis–
North America is expected to dominate the global medical footwear market due to the highest market share in terms of profits in overall market of medical footwear. Rising ageing population is expected to increase the growth of North America medical footwear market during the forecast period. According to the American Podiatric Medical Association, approximately 20% of the U.S. population has at least one foot problem annually the result of an underlying health problem such as peripheral neuropathy, diabetes or obesity. In addition, demand for these products is also increasing due to recommendations from physicians and physiotherapists. The Asia-Pacific region is projected to grow at the highest rate in the global medical footwear market during the forecast period due to the factors such as the rising disposable incomes of people, increasing preference for premium footwear and growing health consciousness among people in the region.
Key Benefits for Global Medical Footwear Market Report–
Global Medical footwear Market report covers in depth historical and forecast analysis.
Global Medical footwear Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Medical footwear Market report helps to identify opportunities in market place.
Global Medical footwear Market report covers extensive analysis of emerging trends and competitive landscape.
By Type: Skin Disease, Clubfoot, Other
By Application: Adult, Children
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Medical Footwear Market 2020 By Type (Skin Disease, Clubfoot, Other ), By Application (Adult, Children ) Forecast to 2025