Global Medical Footwear Market Report 2022
New York, March 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Medical Footwear Global Market Report 2022” – https://www.reportlinker.com/p06248440/?utm_source=GNW
The global medical footwear market is expected to grow from $8.40 billion in 2021 to $8.97 billion in 2022 at a compound annual growth rate (CAGR) of 6.80%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $11.76 billion in 2026 at a CAGR of 7.0%.
The medical footwear market includes sales of medical footwear by entities (organizations, independent traders, or partnerships) that refer to a special type of footwear designed to meet the footwear needs of people suffering from several foot disorders and medical conditions. Some of the medical conditions that can benefit from these medical shoes include people with diabetic foot, corns, heel spurs, heel cracks, and heel pain.
The main types of products in medical footwear are medical shoes and boots, medical sandals and others such as slippers, flip flops and insoles. Medical shoes and boots are used by people with severe joint pain or foot pain.
Medical sandals are used by people with diabetic foot pain. By application, the medical footwear market is segmented into diabetic footwear, arthritis footwear, bunion and hallux valgus footwear, and flatfoot footwear.
By sales channel, medical footwear is mainly sold through direct sales, specialty stores, medical and health centers, online retailers and single-brand stores. Men’s medical shoes and women’s medical shoes are the top two types by end user.
North America was the largest region in the medical footwear market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing prevalence of foot-related problems such as bunions and hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis is contributing significantly to the growth of the medical footwear market. Foot-related issues generally refer to foot-related issues that cause foot pain.
Foot problems are common in people with diabetes. Some of the foot related problems like bunions and hallux valgus, plantar fasciitis, Achilles tendonitis and arthritis are common in these patients.
Due to these diet-related issues, doctors recommend using medical footwear. For example, 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 people were faced with issues such as bunions and hallux valgus, plantar fasciitis, Achilles tendonitis, and arthritis. Thus, an increase in such foot-related problems is boosting the growth of the medical footwear market.
Technological advancement is a key trend gaining popularity in the medical footwear market. Major companies operating in the medical footwear sector are focusing on developing new technological solutions to strengthen their position.
For example, in March 2020, Nike designed a new smart shoe model named Nike Adapt Auto Max. Nike Adapt Auto Max is Nike’s first continuously updated performance product due to the near symbiotic relationship between digital application of the shoe and the option of the shoe. in firmware updates.
Using these smart shoes, consumers can pair shoes with their mobiles and track their workouts daily. In the coming years, companies such as MI and Under Armor are also planning to launch their smart shoes in the market.
For example, MI – Mijia Smart Shoes and Under Armor – UA HOVR Sonic 3.
The countries covered in the Medical Footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK United and the United States.
Read the full report: https://www.reportlinker.com/p06248440/?utm_source=GNW
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