Orthopedic Footwear Market Potential Growth with Market Share Analysis Manufacturing Process, Machinery, Raw Materials, Cost and Revenue 2026

Seattle, WA -- (SBWire) -- 11/07/2019 --Orthopedic footwear are type of footwear that are specially designed to support or accommodate the mechanics and structure of foot, leg, and ankle. These shoes are 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 the musculoskeletal system, unequal leg length, and diabetes.

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Global Orthopedic Footwear Market Dynamics- Drivers

Global orthopedic footwear market is expected to witness significant growth during the forecast period, owing to growing development of the novel treatment for orthopedic disease. For instance, in July, 2018, Wright Medical Group N.V presented its full range of lower extremities and biologic solutions, including the PROstep minimally invasive surgery system and AUGMENT injectable bone graft at the American Orthopedic Foot & Ankle Society (AOFAS) 2018 Annual Meeting at the Hynes Convention Center in Boston, Massachusetts.

Increasing prevalence of plantar fasciitis is expected to drive growth of the global orthopedic footwear market in the near future. Planter fasciitis is one of the most common foot condition that involves swelling of the plantar fascia. For instance, in October 2018, National Center for Biotechnology Information (NCBI) stated that 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 65 years old.

Furthermore, increasing geriatric population with severe conditions of the foot is expected to propel the global orthopedic footwear market growth in the near future. For instance, in May 2016, a literature survey conducted by Medline and Embase stated that at least one in four older people are affected by foot pain. An older person also tends to have weaker natural shock absorbers. Orthopedic shoes are specially designed to accommodate the older person's feet to protect their heels from any injury.

Global Orthopedic Footwear Market Dynamics- Restraints

However, increasing availability of alternative treatments for orthopedic foot condition is expected to restrain the market growth. For instance, a podiatry clinic in Sydney, Alternative Foot Solutions, offers foot mobilization podiatry and acupuncture for the treatment of a wide range of foot pain, heel pain, biomechanical, and body movement issues.

Global Orthopedic Footwear Market – Regional Outlook

On the basis of region, the global orthopedic footwear market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to hold dominant position in the global orthopedic footwear market during the forecast period. This is owing to increasing occurrence of planter fasciitis in the region. For instance, in December 2017, according to American Journal of Orthopedics, around 10% of the U.S. population experiences bouts of heel pain, which results in 1 million visits per year to medical professionals for the treatment of plantar fasciitis. The annual cost of treatment for plantar fasciitis is estimated to be between US$ 192 Mn and US$ 376 Mn.

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Asia Pacific is expected witness significant market growth during the forecast period, owing to increasing awareness regarding foot-related disorders among people in the region. Moreover, acquisitions by key players in this region is expected to drive growth of the market. For instance, in January 2016, In'Tech Medical SAS, a world leader in contract manufacturing of surgical instruments in orthopedics, acquired Ortho Solutions Sdn Bhd, a premier Asian contract manufacturer of orthopedic implants and instruments. The acquisition aimed to provide In'Tech Medical Group with a well-established platform to enter the Asia Pacific markets.

Key players operating in the global orthopedic footwear market include New Balance, Orthopedic Bracing Solutions Inc., Dr Comfort, Mephisto, Propet, Clark's, Piedro, Sole, Rokab, Orthofeet, Vionic, Apex, DARCO, Drew Shoe, Duna, and Chaneco.

Global Orthopedic Footwear Market – Taxonomy

By Footwear Type
- Shoes
- Sandals
- Slippers
- Others
By Indication
- Diabetes
- Neuromuscular and Musculoskeletal Disorders
- Fractures
- Sports Injuries
- Others
By Consumer Group
- Men
- Women
By Distribution channel
- Specialty Store
- Supermarket and Hypermarket
- Footwear Store
- Online Store
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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