Overview and Scope
The medical footwear refers to a special type of footwear designed to accommodate the footwear needs of individuals possessing one of several foot disorders and medical conditions. A few medical conditions that can benefit from this medical footwear include people with diabetic feet, corns, calcaneal spurs, heel cracks, and heel pain.
Sizing and Forecast
The medical footwear market size has grown strongly in recent years. It will grow from $9.87 billion in 2023 to $10.71 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to aging population, orthopedic conditions, post-surgery recovery, diabetic foot care, foot pain management, podiatric recommendations.
The medical footwear market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing health awareness, foot health education, athletic footwear for injury prevention, rise in foot surgeries, cultural and lifestyle changes. Major trends in the forecast period include 3D printing technology for customization, advanced materials for comfort and support, smart footwear technologies, stylish designs for therapeutic shoes, non-slip and slip-resistant soles.
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Segmentation & Regional Insights
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
North America was the largest region in the medical footwear market in 2023. 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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Major Driver Impacting Market Growth
The rapidly growing prevalence of foot-related issues such as bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis is significantly contributing to the growth of the medical footwear market. Foot-related issues generally refer to the issues that relate to the feet which cause pain in the foot. Foot-related issues are common in people with diabetes. Some of the foot-related issues like bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis are common in these patients. Due to these food-related issues, doctors recommend using medical footwear. For instance, according to the survey conducted by D López-López in 2021, there is an increase in the prevalence of foot pathologies, ranging between 61 and 79%, which is why they constitute an important public health problem. Most of the people were facing issues like bunions & hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis. So, an increase in these foot-related issues is driving the growth in the medical footwear market.
Key Industry Players
Major companies operating in the medical footwear market report are New Balance Athletics Inc., Crocs Inc., Wolverine Worldwide Inc., The Timberland Company, Rockport Company LLC, 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, Horng Shin Footwear Co Ltd., Hush Puppies Worldwide Inc., Klogs Footwear Inc., Novamed s.r.o., SAS Shoes Inc., Watts Footwear Inc., Zen Products Inc., Dr. Zen Inc., Propét USA Inc., Apex Foot Health Industries LLC
The medical footwear market report table of contents includes:
1. Executive Summary
2. Medical Footwear Market Characteristics
3. Medical Footwear Market Trends And Strategies
4. Medical Footwear Market – Macro Economic Scenario
5. Global Medical Footwear Market Size and Growth
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31. Medical Footwear Market Other Major And Innovative Companies
32. Global Medical Footwear Market Competitive Benchmarking
33. Global Medical Footwear Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Footwear Market
35. Medical Footwear Market Future Outlook and Potential Analysis
36.Appendix
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