Examining Medical Footwear Market Growth and Size for Strategic Decision-Making

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Rising awareness regarding benefits of medical footwear and need to alleviate associated conditions are key factors driving medical footwear market revenue growth

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 (RD) 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.

This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Medical Footwear market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

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.

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Emergen Research has segmented the global Medical Footwear market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2019-2030)

    • Sandals
    • Shoes
      1. Diabetic shoes
      2.  Flat feet shoes
      3.  Arthritis shoes
      4.  Other
    • Insoles
    • Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

    • Online
    • Offline
  • Regional Outlook (Revenue, USD Billion; 2019–2030)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Medical Footwear Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Medical Footwear Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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