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Rising Prevalence Of Foot-Related Issues Propels Growth In The Medical Footwear Market: Core Growth Enabler in the Medical Footwear Market, 2025
Medical Footwear
What Is the Expected CAGR for the Medical Footwear Market Through 2025?
In recent periods, the medical footwear market has seen substantial growth. It is projected to expand from $10.64 billion in 2024 to $11.54 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. Factors such as an aging population, orthopedic conditions, recovery after surgery, diabetic foot care, foot pain management, and podiatric recommendations have contributed to its growth during the historic period.
What's the Projected Size of the Global Medical Footwear Market by 2029?
Significant expansion is anticipated in the medical footwear market in the upcoming years, with speculation that it will escalate to $16.47 billion in 2029, showcasing a compound annual growth rate (CAGR) of 9.3%. The forecast period's expansion is attributed to factors such as a rise in health consciousness, foot health education, injury-preventing athletic footwear, an increase in foot surgeries, and shifts in culture and lifestyle. Key trends during the forecast period are expected to be the usage of 3D printing technology for customized products, the implementation of advanced materials to enhance comfort and support, the introduction of intelligent footwear technologies, stylish therapeutic shoe designs, and the dominance of non-slip and slip-resistant soles.
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Top Growth Drivers in the Medical Footwear Industry: What's Accelerating the Market?
An increase in foot-related problems such as bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis is significantly fueling the expansion of the medical footwear market. These foot-based issues, which typically result in foot pain, are common among people suffering from diabetes. Many patients with diabetes experience conditions like bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis. Consequently, medical professionals often suggest using medical footwear to mitigate these foot problems. For example, Everyday Health, an American digital media company reported in January 2023 that nearly 23% of adults aged between 18 and 65, and 36% of those aged over 65, suffer from bunions. This foot abnormality is notably more common in women, likely due to the foot constriction caused by high heels. Therefore, the surge in these foot-related ailments is propelling the demand in the medical footwear market.
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What Trends Will Shape the Medical Footwear Market Through 2029 and Beyond?
Top businesses in the medical footwear industry, such as FootSecure, are initiating new facilities for footwear production. In the context of June 2024, FootSecure, an Indian firm that manufactures medical footwear, collaborated with the Karnataka Institute of Endocrinology & Research to set up a specialty footwear production unit in Bengaluru, financed by Rs 30 lakh. This facility specializes in custom-made, prescription-based shoes for individuals with feet conditions, providing them with six types of models and an array of advanced customization possibilities. Furthermore, digital services like Wound360 and Foot360 from FootSecure's portfolio are incorporated to supply healthcare practitioners with tools necessary for diagnosis and therapy. This strategic alliance amplifies FootSecure's ability to cater to patient needs, all while amplifying production and care resolutions.
What Are the Main Segments in the Medical Footwear Market?
The medical footwear market covered in this report is segmented -
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
Subsegments:
1) By Medical Shoes & Boots: Diabetic Shoes, Surgical Shoes, Orthopedic Boots
2) By Medical Sandals: Therapeutic Sandals, Adjustable Sandals for Foot Conditions
3) By Other Products: Compression Socks and Stockings, Foot Cushions and Insoles, Specialty Footwear for Specific Medical Conditions
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Which Top Companies are Driving Growth in the Medical Footwear Market?
Major companies operating in the 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
Which Regions Will Dominate the Medical Footwear Market Through 2029?
North America was the largest region in the medical footwear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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