The global medical footwear market size reached USD 9.14 Billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to latest analysis by Emergen Research. High investments in healthcare sector along with increasing Research & Development (R&D) initiatives by various major pharmaceutical companies and technological innovations for development of medical footwear are some key factors driving market revenue growth. Rising prevalence of foot-related disorders like bunions, increasing number of sports injuries to foot and ankle, and rising consumer awareness regarding benefits of foot care are some major factors contributing to revenue growth of the market.
The report studies the historical data of the Medical Footwear market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Medical Footwear industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Medical Footwear market.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
New Balance, Dr. Zen's, DJO, LLC, Gravity Defyer Corp., Dr.Foot, MEPHISTO USA Inc., DARCO International, Inc., Duna Orthopaedic Shoes, Watts Footwear, and Orthofeet.
Research Report on the Medical Footwear Market Addresses the Following Key Questions:
- Who are the dominant players of the Medical Footwear market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Medical Footwear market?
- What are the key growth drivers and restraining factors of the Medical Footwear market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Medical Footwear market and its key segments?
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Emergen Research has segmented the global Medical Footwear market on the basis of type, type of care, and region
Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Sandals
- Shoes
- Diabetic shoes
- Flat feet shoes
- Arthritis shoes
- Other
- Insoles
- Others
-
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online
- Offline
-
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
In conclusion, the Medical Footwear Market report is an exhaustive database that will help readers formulate lucrative strategies. The Medical Footwear Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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