Market Overview:
The global medical footwear market grew at a CAGR of around 7% during 2015-2020. Medical footwear refers to specially designed footwear that assists in the treatment of various foot-related medical ailments. Some of these health conditions include arthritis, plantar fasciitis, bunions and hallux valgus, and Achilles tendonitis. It is also being utilized by individuals with flat feet and diabetes. Wearing it on a regular basis ensures proper blood circulation in the users’ body while offering enhanced support to their feet. These shoes can be customized as well to meet the specific requirements of the customer.
The market is primarily driven by the rising incidences of foot-related conditions. Medical issues, including foot and ankle injuries, corns, flat feet and arthritis, have impelled the masses to invest in good-quality medical footwear that provides a cushion to the entire foot while promoting mobility, support and healthy blood circulation. Along with this, increasing foot care awareness among individuals is expected to facilitate the uptake of these shoes. The market is further driven by the increasing prevalence of diabetes across the globe. Poorly controlled blood sugar levels among patients can often damage the nerves and vessels present in the legs and feet, resulting in the development of peripheral neuropathy. This condition is characterized by tingling sensation, numbness, muscle weakness and pain in the affected area. As a result, diabetic patients increasingly prefer the use of medical footwear to prevent the development of neuropathy or provide support to their ankle and foot in case of its onset. Some of the other factors contributing to the market growth include the increased consumer spending and the easy product availability through various pharmacies and online retail channels. Looking forward, IMARC Group expects the global medical footwear market to exhibit moderate growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical footwear market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, end user and distribution channel.
Breakup by End User:
Breakup by Distribution Channel:
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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.
Key Questions Answered in This Report:
- How has the global medical footwear market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical footwear market?
- What are the key regional markets?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical footwear market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Footwear Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by End User
6.1 Men
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Women
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Offline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Aetrex Worldwide Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Darco International Inc. (Wright Medical Group N.V.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Djo LLC (Colfax Corporation)
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Dr. Foot Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Dr. Zen Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Drewshoe Incorporated
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Duna Srl
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Gravity Defyer Corp.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Horng Shin Footwear Co.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Mephisto S.A.S
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11 New Balance Inc
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Orthofeet Inc
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.13 Podartis srl
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
List of Figures
Figure 1: Global: Medical Footwear Market: Major Drivers and Challenges
Figure 2: Global: Medical Footwear Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Medical Footwear Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Medical Footwear Market: Breakup by End User (in %), 2020
Figure 5: Global: Medical Footwear Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Medical Footwear Market: Breakup by Region (in %), 2020
Figure 7: Global: Medical Footwear (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Medical Footwear (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Medical Footwear (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Medical Footwear (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Medical Footwear (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Medical Footwear (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Medical Footwear (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Medical Footwear (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: North America: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: North America: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Canada: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Canada: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Asia-Pacific: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Asia-Pacific: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: China: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: China: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Japan: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Japan: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: India: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: India: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: South Korea: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: South Korea: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Australia: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Australia: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Indonesia: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Indonesia: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Others: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Others: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Europe: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Europe: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Germany: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Germany: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: France: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: France: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: United Kingdom: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: United Kingdom: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Italy: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Italy: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Spain: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Spain: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Russia: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Russia: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Latin America: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Latin America: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Brazil: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Brazil: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Mexico: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Mexico: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Middle East and Africa: Medical Footwear Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Middle East and Africa: Medical Footwear Market: Breakup by Country (in %), 2020
Figure 63: Middle East and Africa: Medical Footwear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Global: Medical Footwear Industry: SWOT Analysis
Figure 65: Global: Medical Footwear Industry: Value Chain Analysis
Figure 66: Global: Medical Footwear Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Medical Footwear Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Medical Footwear Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 3: Global: Medical Footwear Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Medical Footwear Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Medical Footwear Market: Competitive Structure
Table 6: Global: Medical Footwear Market: Key Players