Medical Footwear Market Top Manufacturers, Expected Growth, Upcoming Investments and Current Industry Trends 2030 | by Emergen Research

Medical Footwear Market | Emergen Research
Medical Footwear Market Rising awareness regarding benefits of medical footwear and need to alleviate associated conditions are key factors driving medical footwear market revenue growth

The global medical footwear market size reached USD 9.14 Billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to latest analysis by Emergen Research. High investments in healthcare sector along with increasing Research & Development (R&D) initiatives by various major pharmaceutical companies and technological innovations for development of medical footwear are some key factors driving market revenue growth. Rising prevalence of foot-related disorders like bunions, increasing number of sports injuries to foot and ankle, and rising consumer awareness regarding benefits of foot care are some major factors contributing to revenue growth of the market.

Foot disorders require timely care in order to correct and avoid potential progression of other conditions caused, such as lower back pain, leg discomfort, and hip-related issues. Wearing custom orthotics and insoles helps in faster healing and restoration while providing stability to unstable joints, thereby improving overall health of ankle and joints in addition to preventing foot deformities. Such benefits from orthotics is driving steady demand for medical footwear across the healthcare sector, and in turn driving revenue growth of the market. According to the American Podiatric Medical Association (APMA), around 19% of the US population has an average of 1.4 foot disorders each year, and 5% of the US population gets foot infections annually, including athlete’s foot, various fungal diseases, and warts.

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.

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Some Key Highlights From the Report

Shoe segment accounted for largest revenue share in 2021. Growing preference for comfortable and efficient shoes and footwear, especially among working populations formal attire, is a key factor driving revenue growth of the shoe segment. Another key factor contributing to growth is provision of better foot support leading to improved cushioning, which allows for realignment of foot as well as prevention of painful conditions such as flat foot and plantar fasciitis. Shoes need to support normal blood flow, which is extremely crucial for diabetes patients and those suffering from diabetic neuropathy.
Offline segment accounted for significantly large revenue share in 2021. Majority of consumers prefer selecting footwear through the process of physical inspection and touch-and-feel owing to the varying needs of each buyer. Availability and visibility of products across various offline stores such as retail outlets is a key factor driving revenue growth of the offline segment. Ability to verify comfort, durability, as well as check materials used for footwear before making a purchase is a key factor contributing to revenue growth of this segment. Retail outlets assist to provide consumers with the luxury of choice by allowing them to select from a variety of brands. Customers may also enquire about the various items with retail shop owners and employees.
Medical footwear market in North America accounted for largest revenue share in 2021. Rising prevalence of foot disorders owing to other health issues and sports-related injuries in addition to well-established healthcare infrastructure are some of the key factors driving revenue growth of the market in the region.

The Global Medical Footwear Report is a panoramic study of the overall Medical Footwear market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Medical Footwear market. The report provides a detailed analysis of the key factors of the Medical Footwear market that are expected to have a positive impact on the growth of the Medical Footwear industry.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Medical Footwear Market
Critical understanding of the key market segments 
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key companies operating in the Medical Footwear market include:

New Balance, Dr. Zen’s, DJO, LLC, Gravity Defyer Corp., Dr.Foot, MEPHISTO USA Inc., DARCO International, Inc., Duna Orthopaedic Shoes, Watts Footwear, and Orthofeet.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/medical-footwear-market

Emergen Research has segmented global medical footwear market on the basis of type, distribution channel, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)
Sandals
Shoes
Diabetic shoes
 Flat feet shoes
 Arthritis shoes
 Other
Insoles
Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Online
Offline
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

Key Questions Addressed in the Report:

Who are the leading players in the Medical Footwear industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Medical Footwear?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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