OrthopedicFootwear Market, by Footwear Type (Shoes, Sandals, Slippers, and Others),by Indication (Diabetes, Neuromuscular and Musculoskeletal Disorders,Fractures, Sports Injuries, and Others), by Consumer Group (Men and Women), byDistribution Channel (Specialty Store, Supermarket and Hypermarket, andFootwear Store, Online Store), and by Geography (North America, Europe, AsiaPacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, andOpportunity Analysis, 2018 – 2026
Orthopedic footwear are specialtype of shoes designed for individuals suffering from several foot disorders,medical conditions or diseases such as plantar fasciitis, hammer toes,blisters, bunions, foot injuries, heel spurs, alignment issues of themusculoskeletal system, unequal leg length, and diabetes.
Orthopedic Footwear MarketDrivers
Increasing developments for thetreatment of orthopedic disorder is expected to boost the orthopedic footwearmarket during the forecast period. In July, 2018, Wright Medical Group N.Vpresented its full range of lower extremities and biologic solutions, includingthe PROstep minimally invasive surgery system and AUGMENT injectable bone graftat the American Orthopedic Foot & Ankle Society (AOFAS) 2018 Annual Meetingat the Hynes Convention Center in Boston, Massachusetts.
Increasing prevalence of plantarfasciitis is expected to boost orthopedic footwear market growth. For instance,in October 2018, National Center for Biotechnology Information (NCBI) statedthat plantar fasciitis occur in around 10% of the global population, with 83%of these patients being active working adults between the age of 25 and 65years old. Plantar fasciitis is a common foot condition that involvesinflammation of the plantar fascia.
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Increasing geriatric populationwith painful conditions of the foot is a major trend driving growth of theorthopedic footwear market. For instance, in May 2016, a literature surveyconducted by Medline and Embase stated that at least one in four older peopleare affected by foot pain. An older person also tends to have weaker naturalshock absorbers. Orthopedic shoes are specially designed to accommodate theolder person’s feet to protect their heels from any injury.
Orthopedic Footwear MarketRestraints
However, availability ofalternative treatments for orthopedic foot condition is expected to hampermarket growth. For instance, a podiatry clinic in Sydney, Alternative FootSolutions, offers foot mobilization podiatry and acupuncture for the treatmentof a wide range of foot pain, heel pain, biomechanical, and body movementissues.
Orthopedic Footwear Market –Regional Analysis
On the basis of region, theglobal orthopedic footwear market is segmented into North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to holddominant position in the global orthopedic footwear market, owing to risingincidence of planter fasciitis in the region. For instance, in December 2017,according to American Journal of Orthopedics, around 10% of the U.S. populationexperiences bouts of heel pain, which results in 1 million visits per year tomedical professionals for the treatment of plantar fasciitis.
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The annual cost of treatment forplantar fasciitis is estimated to be between US$ 192 Mn and US$ 376 Mn.
Increasing awareness aboutfoot-related disorders among people in Asia Pacific is expected to fuel themarket growth in this region. Moreover, acquisitions by key players in thisregion is expected to drive growth of the market. For instance, in January2016, In’Tech Medical SAS, a world leader in contract manufacturing of surgicalinstruments in orthopedics, acquired Ortho Solutions Sdn Bhd, a premier Asiancontract manufacturer of orthopedic implants and instruments. The acquisitionaimed to provide In’Tech Medical Group with a well-established platform toenter the Asia Pacific markets.
Key players operating in theglobal orthopedic footwear market include New Balance, Orthopedic BracingSolutions Inc., Dr Comfort, Mephisto, Propet, Clark’s, Piedro, Sole, Rokab,Orthofeet, Vionic, Apex, DARCO, Drew Shoe, Duna, and Chaneco.
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