Medical Footwear Market– Growth, Trends, Covid-19 Impact, And Forecasts (2022-2027)

The Medical Footwear Market Segmented by Product (Medical Shoes & Boots, Medical Sandals, Others (Slippers, Flip-flops, Insoles, etc.)), By End Use (Men, and Women), by Distribution Channel (Online and Offline) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Medical Footwear Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia-Pacific
CAGR: 5.8 %

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Market Overview

The Medical Footwear Market is expected to witness a registered CAGR of 5.8 % during the forecast period, 2022-2027.

The COVID-19 pandemic has adversely affected several industries, including the medical footwear market, across the globe. Manufacturing hubs all around the world were suffering from a major negative impact. The first is the halting of operations due to the pandemic. Then there are a growing amount of order cancellations from international customers who are unable to sell or store products. In addition, the demand for medical footwear was reduced as a result of temporary shutdowns and closures of manufacturing units. According to Confindustria Moda, in March 2021, revenue in the leather goods and footwear sector fell by 26% 2020. Export orders have slowed significantly as a result of global restrictions.

A key factor driving the market is the rising number of foot-related issues caused by poorly fitting shoes, such as plantar fasciitis, bunions, arthritis, foot and ankle injuries, corns, and flat feet. However, technological advancements in medical footwear are expected to boost the market. According to the American Podiatric Medical Association (APMA) factsheet 2021, seventy-five percent of Americans will have foot health problems of varying severity at some point in their lives, and approximately 19 percent of the US population has an average of 1.4-foot problems per year. Each year, about 5% of the US population contracts foot infections such as athlete's foot, other fungal infections, and warts, and 5% of the population suffers from ingrown toenails or other toenail problems. The longer these conditions are left untreated, the worse the pain and discomfort become for the people. As this footwear offers cushion to the entire foot, providing it with the support to the wearer to move freely, it is expected to propel the product demand.

Furthermore, rising consumer awareness of the benefits of medical footwear is expected to boost product demand. An international podiatric symposium was held in Brno on August 22, 2021, as part of the KABO II 2021 trade fair, organized by the Czech Footwear and Leather Association (OKA) with the support of the Czech Podiatric Society (PS). The symposium's program was divided into two blocks, each titled "Healthy Foot and Healthy Footwear." The first section was dedicated to children's feet and appropriate footwear. Experts discussed diabetic foot, diabetic foot care options, appropriate education, and prevention of diabetic foot complications in the second block. Such initiatives help in creating awareness among individuals, thereby boosting the demand for medical footwear.

Many businesses have been focusing on providing footwear as a result of technological advancements, which has sparked market growth. For instance, in September 2021, ASICS introduced a new footwear line aimed at medical professionals who are constantly in motion. The newly released footwear for medical professionals is designed to meet the basic functional needs of medical and nursing care environments. Thus, all aforementioned factors are anticipated to drive the market for medical footwear over the forecast period.

Scope of the Report

Medical footwear is those that are specifically designed to support or accommodate the mechanics and structure of the foot, ankle and leg and they have a number of medically beneficial features and functions that separate them from everyday footwear. The Medical Footwear Market Segmented by Product (Medical Shoes & Boots, Medical Sandals, Others (Slippers, Flip-flops, Insoles, etc.)), By End Use (Men and Women), by Distribution Channel (Online and Offline) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product
Medical Shoes & Boots
Medical Sandals
Others (Slippers, Flip-flops, Insoles, etc.)
By End Use
Men
Women
By Distrubution Channels
Offline
Online
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Medical Shoes & Boots is Expected to Hold the Highest Market Share in the Component Segment Over the Forecast Period

A medical shoe or boot is a type of medical shoe that is worn to protect the foot and ankle following surgery or injury. Broken bones, tendon injuries, severe sprains, and shin splints can all be treated with the boot. A medical boot keeps the foot stable and allows it to heal.

People with severe joint pain or foot pain typically wear medical shoes and boots. These shoes are recommended for people with health problems, such as diabetes. More people are likely to purchase medical shoes and boots as the number of the target population, such as diabetic patients, is increasing. For instance, according to the study titled "Knowledge and practice of diabetic foot care and the prevalence of diabetic foot ulcers among diabetic patients of selected hospitals in the Volta Region, Ghana," published in the International Wound Journal in June 2021, Diabetic Foot Ulcer (DFUs) were found in 1.6 % to 8.0 % worldwide. By 2045, this figure is expected to rise to 19%. The prevalence of DFU in Ghana ranged from 3.8 to 11%. Additionally, 11 to 14 % of diabetic patients will develop foot ulcers, with 6 to 23 % of those ulcers worsening and eventually leading to amputation. Thus, the rising prevalence of diabetic foot ulcers increases the demand for medical shoes and boots over the forecast period.

Furthermore, technological advancement and product launches by the key market players are expected to have a positive impact on the growth of the segment during the forecast period. An introduction of effective and appropriate medical shoes and boots that help patients improve their quality of life is expected to provide ample growth opportunities for the medical boot and shoe segment. For instance, in December 2021, Von Wellx Germany launched diabetes shoes that were based on international patented reflex zones technology. Reflex Zone Massage Increases Blood Flow as each elevation massages the pressure points at nerve endings of important diabetic organs. Thus all aforementioned factors are expected to boost the segment over the forecast period.

Medical Footwear Market Share

North America Dominates the Market and is Expected to do the Same in the Forecast Period

The growing patient population, rising geriatric population more prone to developing foot diseases, and rising prevalence of diseases such as dementia, high blood pressure, bodily aches, stiffness, diabetes, and osteoarthritis are all factors contributing to this region's large share. According to the Administration of Community Living's 2020 Profile of Older Americans, published in May 2021, about 54.1 million population aged 65 years or above in 2019 and expected to reach 94.7 million by 2060. The elderly, obese people, women, and people with diabetes, cardiac disease, osteoporosis, or knee, hip, or back pain are all more likely to have foot problems. Thus rising geriatric population, which is more to suffer from foot-related diseases expected to drive the market growth.

In addition, increasing strategic activity by key market players such as partnership mergers and acquisitions is anticipated market growth. For instance, in June 2021, Online 3D model marketplace PROTIQ worked with additive manufacturing software specialist trickle to launch a 3D printing-based orthopedic footwear customization tool. Thus, such increasing foot-related issues owing to diabetes and sports-related fractures, coupled with established healthcare providers and increasing product launches, are among the primary reasons fueling the growth of the regional market.

Medical Footwear Market Analysis

Competitive Landscape

The ostomy care market is fragmented in nature due to the presence of a number of companies globally. The studied market consists of several international and local companies that hold the majority of the market shares and are well known, including DJO, LLC (Dr. Comfort), Drewshoe, Incorporated, Orthofeet Inc., DARCO International, Inc., Clearwell Mobility Company, Foot Shop Limited. (Cosyfeet), Worldwide, Inc., Gravity Defyer Corp., Kinetec Medical Products Ltd, Horng Shin Footwear Co., Watts Footwear

Recent Development

  • In April 2022, Gales, the first smart PPE shoe designed directly with healthcare workers, announced its new partnership with MedResults Network, a purchasing group that provides equipment to over 3,400 medical practices.
  • In September 2021, ASICS introduced a new medical footwear line aimed at on-the-go medical professionals. The newly released footwear for medical professionals is designed to meet the basic functional needs of medical and nursing care settings.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Foot-Related Issues and Growing Awareness About Foot-Related Concerns

      2. 4.2.2 Technological Advancement in Medical Footwear

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Medical Footwear

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value USD million)

    1. 5.1 By Product

      1. 5.1.1 Medical Shoes & Boots

      2. 5.1.2 Medical Sandals

      3. 5.1.3 Others (Slippers, Flip-flops, Insoles, etc.)

    2. 5.2 By End Use

      1. 5.2.1 Men

      2. 5.2.2 Women

    3. 5.3 By Distrubution Channels

      1. 5.3.1 Offline

      2. 5.3.2 Online

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 DJO, LLC (Dr. Comfort)

      2. 6.1.2 Drewshoe, Incorporated

      3. 6.1.3 Orthofeet Inc.

      4. 6.1.4 DARCO International, Inc.

      5. 6.1.5 Clearwell Mobility Company

      6. 6.1.6 Foot Shop Limited.(Cosyfeet)

      7. 6.1.7 Aetrex Worldwide, Inc.

      8. 6.1.8 Gravity Defyer Corp.

      9. 6.1.9 Kinetec Medical Products Ltd

      10. 6.1.10 Horng Shin Footwear Co.

      11. 6.1.11 Watts Footwear

      12. 6.1.12 ASICS Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Medical Footwear Market market is studied from 2019 - 2027.

The Global Medical Footwear Market is growing at a CAGR of 5.8% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

ASICS Corporation, Drewshoe, Incorporated, Clearwell Mobility Company, Orthofeet Inc., Foot Shop Limited.(Cosyfeet) are the major companies operating in Global Medical Footwear Market.

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