Market Overview:
The global medical grade footwear market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of foot diseases, growing awareness about medical grade footwear, and technological advancements in the medical grade footwear industry. The global medical grade footwear market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into skin disease Footwear, clubfoot Footwear, and other Footwear. The skin disease Footwear segment is expected to grow at a CAGR of 6% from 2018 to 2030 due to increasing prevalence of foot diseases such as diabetic foot ulcers and plantar fasciitis. On the basis of application, adult accounts for majority share in terms revenue generated by sales followed by children’s applications segments respectively during 2017-2025 period according Global Medical Grade Footwear Market Size study By Product & Services (2018). North America dominates this regional analysis with highest revenue share contribution while Asia Pacific witnesses highest growth rate over forecast years owing rapid industrialization across emerging countries coupled with rising disposable income levels that are anticipated fuel demand for better quality products including advanced level medial shoes/foot wear products which considered as luxury item currently in some regions APAC .
Product Definition:
Medical grade footwear is a type of footwear that has been designed and manufactured specifically for medical use. Medical grade footwear is typically used in hospitals, clinics, and other medical settings to protect the wearer's feet from injuries or infections. The importance of medical grade footwear lies in its ability to provide superior protection against potential injuries or infections, making it an essential piece of equipment for any healthcare setting.
Skin Disease Footwear:
The global skin disease footwear market is expected to witness significant growth over the forecast period. The rising prevalence of various diseases such as psoriasis, eczema and dermatitis among others are anticipated to drive the market growth. According to statistics published by National Psoriasis Foundation, around 125 million people were suffering from psoriasis globally in 2012 which is estimated to have grown by 50% since 1990.
Clubfoot Footwear:
By definition, clubfoot is a deformity wherein the foot is turned in an abnormal direction. The most common type of clubfoot involves the big toe and it is known as equinovarus or flat foot. Other types of clubfeet include little (minor) and great (severe) toes, which are less common.
Application Insights:
The adult segment held the largest share of more than 60.0% in 2017. The application of shoes is not limited to adults but also applicable to children due to their growing feet needs. According to a study published by pediatrics journal, it was observed that about 80% of parents purchase shoes for their kids from outside rather than buying them from local stores as they are expensive and do not have proper fitting system available in-store. This factor is expected to increase the usage rate for clinical grade footwear among adults over the forecast period, thus driving demand globally during this period.
The children segment is expected register a CAGR exceeding 7% from 2018 to 2030 owing to rising awareness regarding deformities at an early stage.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities by various organizations, such as New York State Department of Health and New York Academy of Medicine, for developing new types of footwear that are effective in treating different skin diseases. Moreover, rising awareness about these products and their benefits is also one of the major factors responsible for regional growth.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing disposable income levels coupled with growing health awareness among people from rural areas as well as urban centers alike. Furthermore, government initiatives encouraging people suffering from clubfoot or other foot deformities due to consanguineous marriages are anticipated to further fuel demand during the estimated time span (2018-2030).
Growth Factors:
- Increasing incidence of foot and ankle injuries: The increasing incidence of foot and ankle injuries is one of the key growth drivers for the medical grade footwear market. According to a study by the American Academy of Orthopaedic Surgeons, around 25 million people in the U.S. suffer from foot and ankle injuries every year, which is likely to drive demand for medical grade footwear products in the country over the next few years.
- Rising awareness about benefits of medical grade footwear: There is a growing awareness among consumers about the benefits of using medical grade footwear products, which is likely to boost demand for these products in coming years. Medical grade shoes are designed to provide better support and cushioning than traditional shoes, which helps reduce stress on feet and ankles, thereby preventing or reducing occurrence of injuries.
- Growing geriatric population: The global geriatric population is expected to grow at a rapid pace in coming years due to rising life expectancy rates across countries worldwide. This will create significant opportunities for players operating in the medical grade footwear market as elderly people are more susceptible to foot-related problems such as arthritis, diabetes mellitus (DM), etc., than younger individuals owing to their reduced mobility levels and weakened bones & muscles..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Footwear Market Research Report
By Type
Skin Disease Footwear, Clubfoot Footwear, Other
By Application
Adult, Children
By Companies
New Balance, Dr. Comfort, Mephisto, Aetrex Worldwide, Inc., Orthofeet, Duna, Darco International Inc., Dr. Zen, Inc., Gravity Defyer Corp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Footwear Market Report Segments:
The global Medical Grade Footwear market is segmented on the basis of:
Types
Skin Disease Footwear, Clubfoot Footwear, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult, Children
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- New Balance
- Dr. Comfort
- Mephisto
- Aetrex Worldwide, Inc.
- Orthofeet
- Duna
- Darco International Inc.
- Dr. Zen, Inc.
- Gravity Defyer Corp
Highlights of The Medical Grade Footwear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Skin Disease Footwear
- Clubfoot Footwear
- Other
- By Application:
- Adult
- Children
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Grade Footwear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical grade footwear is made from materials that are specifically designed to protect the feet and legs from injury. These materials may include synthetic fibers, rubber, or other protective substances.
Some of the major companies in the medical grade footwear market are New Balance, Dr. Comfort, Mephisto, Aetrex Worldwide, Inc., Orthofeet, Duna, Darco International Inc., Dr. Zen, Inc., Gravity Defyer Corp.
The medical grade footwear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Grade Footwear Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Grade Footwear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Grade Footwear Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Grade Footwear Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Grade Footwear Market Size & Forecast, 2018-2028
4.5.1 Medical Grade Footwear Market Size and Y-o-Y Growth
4.5.2 Medical Grade Footwear Market Absolute $ Opportunity
Chapter 5 Global Medical Grade Footwear Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Grade Footwear Market Size Forecast by Type
5.2.1 Skin Disease Footwear
5.2.2 Clubfoot Footwear
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Grade Footwear Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Grade Footwear Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Grade Footwear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Grade Footwear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Grade Footwear Analysis and Forecast
9.1 Introduction
9.2 North America Medical Grade Footwear Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Grade Footwear Market Size Forecast by Type
9.6.1 Skin Disease Footwear
9.6.2 Clubfoot Footwear
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Grade Footwear Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Children
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Grade Footwear Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Grade Footwear Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Grade Footwear Market Size Forecast by Type
10.6.1 Skin Disease Footwear
10.6.2 Clubfoot Footwear
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Grade Footwear Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Children
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Grade Footwear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Grade Footwear Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Grade Footwear Market Size Forecast by Type
11.6.1 Skin Disease Footwear
11.6.2 Clubfoot Footwear
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Grade Footwear Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Children
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Grade Footwear Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Grade Footwear Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Grade Footwear Market Size Forecast by Type
12.6.1 Skin Disease Footwear
12.6.2 Clubfoot Footwear
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Grade Footwear Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Children
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Grade Footwear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Grade Footwear Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Grade Footwear Market Size Forecast by Type
13.6.1 Skin Disease Footwear
13.6.2 Clubfoot Footwear
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Grade Footwear Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Children
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Grade Footwear Market: Competitive Dashboard
14.2 Global Medical Grade Footwear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 New Balance
14.3.2 Dr. Comfort
14.3.3 Mephisto
14.3.4 Aetrex Worldwide, Inc.
14.3.5 Orthofeet
14.3.6 Duna
14.3.7 Darco International Inc.
14.3.8 Dr. Zen, Inc.
14.3.9 Gravity Defyer Corp
