IMARC Group has recently released a new research study titled “Medical Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the medical footwear market opportunities, drivers, segmentation, growth, trends and competitive landscape to understand the current and future market scenarios. The global market is expected to exhibit a growth rate (CAGR) of 6% during 2022-2027.
Industry Definition and Application:
Medical footwear is specially designed footwear as per the foot structure and size. These measurements support or accommodate the mechanics and structure of the foot, ankle, and leg, further assisting in treating multiple foot-related ailments, such as arthritis, bunions and hallux valgus, Achilles tendonitis, and plantar fasciitis.
Foam rubber, styrene-butadiene rubber, silicon, polyfoam, polyurethane (PU) foam, ethylene-vinyl acetate foam, PU, cellular polymers, natural materials, and polyvinyl chloride (PVC) are standard substances used in the manufacturing of medical footwear. It is also witnessing massive demand among individuals with diabetes and flat feet. When worn regularly, it ensures proper blood circulation in the body and offers enhanced foot support, cushioning, stability, and proprioception.
Industry Trends and Drivers:
The rising instances of foot-related diseases are one of the key factors primarily boosting the medical footwear market growth. The emerging foot care awareness among consumers and the inflating expenditure power are other growth-inducing factors.
The increasing prevalence of diabetes has significantly surged the cases of peripheral neuropathy, which, in turn, has spiked the demand for medical footwear across the globe. In line with this, key market players are heavily investing in research and development (R&D) activities to engineer advanced medical footwear with enhanced efficacy, which is bolstering the market growth.
The easy product availability across online retail channels and pharmacies and the increasing healthcare expenditure are providing a boost to the market growth.
Competitive Outlook:
The competitive landscape of the medical footwear market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aetrex Worldwide Inc.
- Darco International Inc. (Wright Medical Group N.V.)
- Djo LLC (Colfax Corporation)
- Dr. Foot Inc.
- Dr. Zen Inc.
- Drewshoe Incorporated
- Duna Srl
- Gravity Defyer Corp.
- Horng Shin Footwear Co.
- Mephisto S.A.S
- New Balance Inc.
- Orthofeet Inc.
- Podartis srl
Key Market Segmentation:
The report has segmented the global medical footwear market based on end user, distribution channel and region.
Breakup by End User:
- Men
- Women
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/medical-footwear-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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