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Orthopedic Footwear Market 2017 Forecast to 2026 Market Segmentation and Analysis by Recent Trends, Development and Growth by Regions | Fact.MR
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In most of the countries, the cost of orthopedic footwear is reimbursed. For instance, in the U.S. a medical doctor must diagnose an individual's medical issues and provide a Letter of Medical Necessity (LMN) for the individual's expense in purchasing orthopedic shoes. Insoles and arch supports for orthopedic purposes are completely reimbursed in most of the countries.
The global orthopedic footwear market is majorly driven by rise in the number of accidents, which is the major cause of orthopedic injury. In addition to this, increase in the availability as well as variability of orthopedic footwear in various applications also promotes the market growth.
In context of this, about 6% of the U.S. population has foot injuries, bunions and flat feet or fallen arches each year. About 60% of U.S. population older than 17 are suffering from foot and ankle related injuries, sprains and strains of the ankle. Moreover, according to the National Trauma Data Bank data set analysis, a total of 280,933 foot and/or ankle fractures or dislocations were identified, in major trauma hospitals in the U.S, from 2007 to 2011. However, some of the factors limiting the market include ignorance of orthopedic footwear by most of the patients, especially in under developed countries.
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The adult orthopedic footwear market segment will dominate the orthopedic footwear market due to its large target audience from this consumer group. The online store segment is expected to mark high growth rate during the forecast period. The increasing number of patient suffering from swollen feet- lymphedema – edema, plantar fasciitis - heel pain, flat feet - fallen arches, bunions - hallux valgus, hammertoes, heel spurs are primarily driving this market. Additionally, increasing number of patient suffering from diabetes, and arthritis also propelling the market. The booming demand of orthopedic footwear by patient those recovering from foot surgery also strengthening the orthopedic footwear market.
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