The latest report by IMARC, titled “Medical Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global medical footwear market is expected to exhibit a CAGR of 5.2% during the forecast period (2023-2028). Medical footwear refers to garments that are especially designed to help in the treatment of numerous foot-related medical ailments. It assists with various health conditions, such as plantar fasciitis, arthritis, bunions and hallux valgus, and Achilles tendonitis. Individuals diagnosed with diabetes and flat feet also use this product. It ensures proper blood circulation in the patients’ body while offering improved support to their feet. In recent years, medical footwear has gained popularity across the globe as it can also be customized as per the specific requirements of consumers.
Global Medical Footwear Market Trends:
One of the primary factors driving the market is the increasing number of individuals diagnosed with foot-related issues, including corns, foot and ankle injuries, flat feet, and arthritis. Nowadays, individuals are also increasingly investing in good-quality medical footwear that offers a cushion to the entire foot while providing support, mobility, and healthy blood circulation. Other than this, military combats performing high-intensity outdoor activities, long-distance runners, and sports enthusiasts are more prone to knee pain and ankle sprains, thus requiring medical footwear to recover and heal feet. Besides this, poorly controlled blood sugar levels among individuals can damage the nerves and vessels present in the feet and legs, leading to the development of peripheral neuropathy. On account of this, diabetes patients prefer the adoption of medical footwear. Moreover, expanding income levels of the masses, in confluence with the easy availability of this product through various pharmacies and online retail channels, is catalyzing the market growth.
- Based on the end user, the market has been bifurcated into men and women.
- On the basis of the distribution channel, the market has been divided into offline and online.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being 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., and Podartis srl.
|Base Year of the Analysis
||End User, Distribution Channel, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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. and Podartis srl
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