Market Trends of Medical Footwear Industry
Medical Shoes and Boots Segment is Expected to Hold the High Share in the Market Over the Forecast Period
- A medical shoe or boot is a type of shoe that is worn to protect the foot and ankle following surgery or injury, such as broken bones, tendon injuries, severe sprains, and shin splints. A medical boot keeps the foot stable and allows it to heal. People with severe joint pain (arthritis) or foot pain typically wear medical shoes and boots. These shoes are also recommended for people with health problems such as diabetes.
- More people are likely to purchase medical shoes and boots as the target population, such as diabetic patients, is increasing. For instance, according to a study report published by Diabetes Research and Clinical Practice in February 2021, the cumulative diabetes foot ulcer recurrence rate in Germany over 15 years was over 70%. Patients who have previously experienced an ulcer are more prone to have another in the future. Hence, during the projection period, the segment's growth is anticipated to be aided by the rising diabetes foot ulcer recurrence rate.
- Furthermore, the 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. Hence, the new product launches with advanced technology increase the widespread applications of the products, which are expected to boost the growth of the market through this segment over the forecast period.
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North America is Expected to have Significant Share in the Market Over the Forecast Period
- North America is expected to have significant growth in the market owing to the rising geriatric population who are more prone to foot diseases and the rising prevalence of diseases such as diabetes, bodily aches, stiffness, rheumatoid arthritis, and osteoarthritis. In addition, the growing awareness of foot care among the population in the region is also one of the major factors that drive the market over the study period.
- The increasing burden of diseases like arthritis increases the need for proper footwear for a better quality of life. For instance, as per Statistics Canada 2022, there was an increased prevalence of arthritis to 19.5% in patients 15 years and older, which was reported as 19.1 in previous years. Hence, the increasing burden of these diseases increases the risk of pain in the foot, which is expected to have a high demand for medical footwear and is likely to propel the market over the study period.
- In addition, increasing strategic activity by key market players, such as developing new technologies for better footwear management, is anticipated to drive market growth. For instance, in July 2022, Sensoria partnered with Defender, based in Miami, to introduce the innovative Foot Defender boot. This specialized footwear incorporates Sensoria's remote patient monitoring sensors, meticulously crafted to mitigate pressure on diabetic foot ulcers by an impressive margin of approximately 50%.
- Subsequently, in September 2022, the Foot Defender boot was officially introduced to the United States market. These recent strides in technological advancements and product introductions have significantly broadened the potential uses of such products, thereby poised to propel the market's growth trajectory in the region throughout the forecast period.
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