Medical Footwear Market Size, Share, Growth Report 2030

Global Medical Footwear Market: Overview

Medical footwear is the shoes that are specifically designed to accommodate or support the mechanics and structure of the leg, ankle, and foot. Medical footwear has numerous medically beneficial functions and features that make them distinct from everyday footwear. Most of this footwear also features a removable insole that can be replaced by custom Orthotic or can be used for cushioning and is an important feature of medical footwear.

Global Medical Footwear Market: Growth Factors

The global medical footwear market is growing at a significant rate. The growing prevalence of diabetes, the growing number of foot-related issues, and the increase in healthcare expenditure are some of the factors that are majorly contributing to the growth of the global market. As per the report of CDC’s National Diabetes Statistics Report for 2020, in the United States alone, the overall cases of diabetes have increased to around 34.2 million. Nearly, 7.3 million people are living with diabetes but are not yet diagnosed (2018). Almost half of the people living with diabetes have diabetic neuropathy that is nerve damage. It can occur in any part of the body, but nerves in the legs and foot are affected mostly. Also, nerve damage with poor blood flow is another complication among diabetic patients which may increase the risk of developing a foot ulcer. Thus, people with diabetes need to be more cautious about foot-related issues. To make life easier, the manufacturers have made available an outstanding collection of orthopedic and diabetic footwear for both men and women. It also includes numerous styles such as diabetic shoes, slippers, sandals, and much more which enables the diabetics to live energetic and full lives with an active lifestyle while protecting their feet. All these key aspects are remarkably driving the growth of the global medical footwear market. Moreover, the presence of strong distribution channels, rise in e-commerce platforms, and rise in demand for medical footwear from the healthcare environment are some of the additional key factors that are fueling the growth of the global market. Furthermore, the rise in health-related concerns and the growing adoption of medical footwear owing to its benefits over regular footwear are likely to offer huge opportunities for the growth of the global medical footwear market during the forecast period. However, the high cost associated with medical footwear may hinder the growth of the global medical footwear market.

The global medical footwear market is severely hit by COVID-19 pandemic situations. The market is mainly influenced by strict rules of lockdowns imposed by several governments around the world. Strict lockdowns resulted in disruption of the supply chain, manufacturing processes, and product distribution. Due to all these factors, the overall sale of the product reduced significantly. However, the market is expected to return on track and register healthy growth over the forecast period.

Global Medical Footwear Market: Segmentation

The global medical footwear market is classified based on price range, footwear type, application, distribution channel, end-user, and region. Based on the price range, the global medical footwear market is split into less than 50 USD, 50 USD-100 USD, and more than 100 USD. Based on the footwear type, the global market is segregated into sandals, shoes & boots, and others. Based on the application, the market is divided into flat feet shoes, bunions & hallux valgus shoes, arthritis shoes, diabetic shoes, and others. The distribution channel segment is bifurcated into offline and online. Based on end-user, the market is categorized into kids, women, and men.

Global Medical Footwear Market: Regional Analysis

Asia Pacific is expected to hold a major share in the global medical footwear market. Also, the market is expected to set a healthy growth over the forecast period. Key factors that are anticipated to propel the growth of the market in this region include a large number of customers, a growing number of chronic diseases, and the presence of key players along with local manufactures. Besides, growing disposable income in developing countries in the region such as India and China is also contributing to the growth of the market. North America is expected to be the second-largest market for medical footwear followed by Europe.

Global Medical Footwear Market: Competitive Players

Some of the prominent players operating in the global medical footwear market are DARCO International, Inc., Dr. Zen, Inc., Dr. Foot Inc., Drew Shoe, DJO, LLC (Dr. Comfort), Podartis srl, Aetrex Worldwide, Inc., OrthoFeet, Horng Shin Footwear Co., and Gravity Defyer Corp, among others.

Global Medical Footwear Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.