Global Podiatric Products and Supply Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Market Overview

Podiatry is a branch of medicine that deals with the diagnosis, treatment and prevention of human foot. Also known as chiropody, it is used to diagnose foot disorder. It is a branch of medicine devoted to the study, diagnosis, and medical and surgical treatment of disorders of the foot, ankle and lower extremity. The increase in the incidence of orthotic disorders, such as arthritis, bursitis, Paget's disease, and fractures, is likely to boost the market growth. Podiatric surgery is the surgical treatment of conditions affecting the foot, ankle and related lower extremity structures by accredited and qualified specialist podiatrists. It is a supportive device that is placed inside footwear, to change the mechanical function of the foot. Foot orthotic insole works dynamically during weight-bearing activities like walking, running and standing. Orthotic devices help to improve the functions of the injured body part and to facilitate alignment through supporting the back, joints, muscles, and limb ligaments.

The market is set to grow at a substantial pace over the next few years. Increasing aging population, growing lifestyle coupled with disorders such as diabetes, obesity and other foot injuries has propelled the demand for foot orthotics insole across the globe.

Key Findings

• Global podiatrist market growth states that demand for podiatrists will likely benefit from favorable healthcare reforms.
• The podiatry market is expected to grow at an annual growth rate of 20.0% by 2020. Over 80% of hospitals have a podiatrist on staff that is expected to grow by the end of 2017.
• Unexpected falls are the primary cause of the injury among the elderly. Each year more than 18,000 elder adults expire from injuries sustained through such falls, and the global cost of their treatment is anticipated to surpass USD 50 billion by 2020.

Podiatric Products & Supply Market Segmentation

By Solution

• Clinical assessment
• Forefeet solution
• Pediatric orthotics
• Insoles

By Body Parts

• Ankle/foot
• Fingers/toes
• Foot
• Forefoot
• Heels
• Toe

By Podiatric Supplies

• Alignate dressing
• Hydrogel dressing
• Collagen dressing

By End User

• Hospitals
  • Clinics
  • Sports
  • Others

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Rest of the World{Market Share (%), Market Size (USD Million), Product Sales (Units)}

Market Size and Forecast to 2024

The emerging Healthcare Industry represents more than USD1.3 trillion and is growing at the rate of 6.8% across the globe in which Footcare Products Market reached USD3.8 billion in 2016 where podiatric products and supply market reached USD 2.60 billion in 2015 to USD 3.80 billion, globally by 2024.

The insole solution on the basis of solution type covers a CAGR of close to 7.0% between 2016 and 2024 because of the increase in the incidence of orthotic disorders. Its higher penetration rate in the foot podiatric market can be attributed to the medical and therapeutic advantages it offers to diabetic and obese patients.

Geographically, Asia-Pacific is anticipated to be the fastest growing region across the globe over the predicted period i.e. 2016 to 2024 on the back of rising healthcare expenditure in various countries such as China, Australia and others.

Drivers & Restraints to Market Growth

There is always a substitute in case of absence of other; the increasing demand from sports application sectors is expected to boost the market demand over the years. Also the increase in technological advancement to provide innovative products is expected to open up new growth avenues in the coming years.

Market Restraints

• High cost of devices is one of the major challenge for the product and devices manufacturers to explore their business in developing nations.
• Lack of awareness among the population towards the treatment and diagnosis of foot related issues.

Key Market Players

• Atlantis footwear Inc.
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• Bayer HealthCare
• Bauerfeind
• Superfeet
• Stable Step

Covered in this global podiatric products & supply market report

Market Synopsis

Market Segmentation

Global podiatric products and supply market is segmented as follows:

• By Solution Basis (Market Size, Demand Analysis and Growth Analysis)
• By Body Parts (Market Size, Demand Analysis and Growth Analysis)
• By Supply (Market Size, Demand Analysis and Growth Analysis)
• By End User (Market Size, Demand Analysis and Growth Analysis)

Global Podiatric Products and Supply Market Report covered insights of below mentioned regions:

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

For a full detailed overview, send here request for market report sample.