Recovery Footwear Market Is Predicted To Reach US$ 28.76 Billion By The End Of 2034

According to a newly published study by Fact.MR, a market research and competitive intelligence provider, the global recovery footwear market is projected to reach USD 16.21 billion in 2024. By the end of 2034, worldwide sales of therapeutic footwear are expected to rise to USD 28.76 billion.

The increasing prevalence of ankle and foot injuries is anticipated to drive demand for recovery footwear, which aids in rapid recovery and pain relief.
Growing awareness about the importance of foot health is also boosting the demand for recovery shoes that offer enhanced comfort and support. Manufacturers are introducing innovative designs that ensure better results and increased comfort.

This new generation of footwear is effective in facilitating quick rehabilitation post-surgery, making it increasingly attractive to patients.

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Key Segments of Recovery Footwear Industry Research Report
The easy availability of recovery footwear at discounted prices through online sales channels is expected to enhance profit margins for retailers. Moreover, the diverse range of options and the convenience of purchasing through online platforms are anticipated to fuel market growth.

Key Takeaway from Market Study
• The global recovery footwear market is forecasted to reach a valuation of US$ 28.76 billion by the end of 2034.
• Worldwide sales of recovery footwear are projected to expand at 5.9% CAGR through 2034.
• North America is predicted to hold 39.2% share of global market revenue by 2034-end.
• Sales of recovery footwear in Canada are pegged at US$ 863.5 million in 2024.
• Worldwide demand for closed-toed shoes is predicted to increase at a CAGR of 6.8% and reach a market value US$ 13.29 billion by the end of 2034.
• Men are estimated to account for 46.8% share of global sales of recovery footwear in 2024.

"Growing awareness about the advantages of using recovery footwear among athletes is contributing to their increased demand. They help in improving blood circulation, preventing injuries, and reducing muscle soreness," says a Fact.MR analyst.

Ease of Use and Convenience of Online Channels
Online sales channels held 45% share of the global market revenue in 2023. The ease of use and convenience of online sales platforms are contributing to increased sales of recovery footwear.
More consumers now prefer to shop online as these platforms allow them to compare prices and purchase desired products from their homes.

Key Market Players
Leading manufacturers of recovery footwear are Adidas AG, Nike, Inc., Under Armour, Inc., ASCIS Corporation, Ossur hf., Skechers USA, Inc., Bauerfeind AG, Aetrex Worldwide, Inc., New Balance Athletics, Inc., Hoka One, Reebok International Ltd., 2XU Pty Ltd., Saloman S.A.S., Brooks Sports, Inc., and Newton Running.

This approach allows individuals to browse and purchase recovery footwear from the comfort of their homes, eliminating the need for physical store visits-a particularly advantageous feature for those with limited store access or mobility issues. The online platform enables users to compare prices and products from various retailers and brands before making a purchase decision.
More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the recovery footwear market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (flip-flop, closed-toed shoes, slides/traditional sandals), consumer orientation (men, women, unisex), end use (after foot surgery, after workout, work shift, walking), and sales channel (hypermarkets/supermarkets, multi-brand stores, convenience stores, exclusive stores, online retailers, independent small stores), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

Segmentation of Recovery Footwear Market Research
• By Product Type :
o Flip-flop
o Closed-toed Shoes
o Slides/Traditional Sandals
o Others

• By Consumer Orientation :
o Men
o Women
o Unisex

• By End Use :
o After Foot Surgery
o After Workout
o Work Shift
o Walking

• By Sales Channel :
o Hypermarkets/Supermarkets
o Multi-brand Stores
o Convenience Stores
o Exclusive Stores
o Online Retailers
o Independent Small Stores

• By Region :
o North America
o Europe
o East Asia
o Latin America
o Middle East & Africa
o South Asia & Oceania

Read More: https://www.factmr.com/report/recovery-footwear-market

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This release was published on openPR.