The Global Medical Footwear Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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. 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.
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Foot disorders require timely care in order to correct and avoid potential progression of other conditions caused, such as lower back pain, leg discomfort, and hip-related issues. Wearing custom orthotics and insoles helps in faster healing and restoration while providing stability to unstable joints, thereby improving overall health of ankle and joints in addition to preventing foot deformities. Such benefits from orthotics is driving steady demand for medical footwear across the healthcare sector, and in turn driving revenue growth of the market.
COVID-19 Impact Analysis:
This report is the latest document encompassing the massive changes that took place in the Medical Footwear market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Medical Footwear market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era.
Report Objective:
The report offers a complete analysis of the global Medical Footwear market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as 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. are some of the top companies profiled in the report.
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Medical Footwear industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented global medical footwear market on the basis of type, distribution channel, and region:
-
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
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Regional Outlook:
North America (the US, Canada, Mexico)
Europe (the UK, Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Medical Footwear market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Medical Footwear market size
2.2 Latest Medical Footwear market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Medical Footwear market key players
3.2 Global Medical Footwear size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Medical Footwear market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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