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Growth Opportunity in the Medical Footwear Market: Rising Trends and Key Players Analysis Globally
Medical Footwear Market Size
What Is The Projected Market Size Of The Global Medical Footwear Market And Its Growth Rate?
The medical footwear market has been experiencing a robust upsurge in recent years with anticipated trend continuation.
•The market size is projected to increase from $10.64 billion in 2024 to $11.54 billion in 2025, marking a compound annual growth rate (CAGR) of 8.5%.
•Several attributing factors for this organic growth include an aging population, orthopedic conditions, post-surgery recovery, diabetic foot care, foot pain management, and podiatric recommendations.
•In the upcoming years, it is forecasted to expand to $16.47 billion in 2029 (CAGR of 9.3%), stimulated by increasing health awareness, foot health education, athletic footwear for injury prevention, rise in foot surgeries, cultural and lifestyle changes.
What Is Driving The Growth In The Medical Footwear Market?
An escalating prevalence of foot-related issues such as bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis is driving the medical footwear market growth. These foot problems, prevailing predominantly in diabetic patients, result in foot pain prompting physicians to recommend medical footwear. According to Everyday Health, 23% of adults aged 18 to 65 and 36% of older individuals over 65 are affected by foot deformities such as bunions. Furthermore, these foot conditions are significantly more prevalent in women due to the continuous usage of high heels leading to foot confinement. Consequently, this increasing incidence of foot-related ailments accelerates the market growth.
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Who Are the Key Players Driving Medical Footwear Market Growth?
The key players consolidating their positions in the global medical footwear market include:
•New Balance Athletics Inc.
•Dansko LLC
•Sanita Clogs Inc.
•DJO LLC (Dr. Comfort)
•Orthofeet Inc.
•Aetrex Worldwide Inc.
•Vionic Group LLC
•Gravity Defyer Corp
•Drew Shoe Corporation
•Alegria Shoe Shop LLC
•Nurse Mates Inc.
•Darco International Inc.
•Dr. Foot Inc.
•Duna Co Ltd.
•Extro Style LLC
•Klogs Footwear Inc.
•Novamed s.r.o.
•SAS Shoes Inc.
•Watts Footwear Inc.
•Dr. Zen Inc.
•Propét USA Inc.
•Apex Foot Health Industries LLC
What Are The Key Trends In The Medical Footwear Market?
Key trends in the forecast period include:
•3D printing technology for customization
•Advanced materials for comfort and support
•Smart footwear technologies
•Stylish designs for therapeutic shoes
•Non-slip and slip-resistant soles.
What Are The Segments Of The Global Medical Footwear Market?
The Medical Footwear Market is segmented according to:
1) By Product: Medical Shoes & Boots, Medical Sandals, Other Products
2) By Sales Channel: Direct Sales of Medical Footwear, Footwear Specialty Stores, Medical & Healthcare Centers, Online Retailers of Medical Footwear, Mono-Brand Stores, Other Sales Channels
3) By Application: Diabetic Shoes, Arthritis Shoes, Bunions & Hallux Valgus Shoes, Flat Feet Shoes, Other Applications
4) By End User Sex: Men, Women
Which Region Leads The Medical Footwear Market?
In 2024, North America emerged as the most substantial region in the medical footwear market followed by the Asia-Pacific region demonstrating the fastest growth rate in the forecast period. The regions encapsulated in the medical footwear report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Medical Footwear Market Global Market Report?
•Market Size Analysis: Analyze the Medical Footwear Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Medical Footwear Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Medical Footwear Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Medical Footwear Market.
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