Orthopedic
Footwear 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), by
Distribution Channel (Specialty Store, Supermarket and Hypermarket, and
Footwear Store, Online Store), and by Geography (North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2026
Orthopedic footwear are special
type 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 the
musculoskeletal system, unequal leg length, and diabetes.
Orthopedic Footwear Market
Drivers
Increasing developments for the
treatment of orthopedic disorder is expected to boost the orthopedic footwear
market during the forecast period. 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 boost orthopedic footwear market growth. 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. Plantar fasciitis is a common foot condition that involves
inflammation of the plantar fascia.
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Increasing geriatric population
with painful conditions of the foot is a major trend driving growth of the
orthopedic footwear market. 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.
Orthopedic Footwear Market
Restraints
However, availability of
alternative treatments for orthopedic foot condition is expected to hamper
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.
Orthopedic Footwear Market –
Regional Analysis
On the basis of region, the
global orthopedic footwear market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold
dominant position in the global orthopedic footwear market, owing to rising
incidence 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.
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The annual cost of treatment for
plantar fasciitis is estimated to be between US$ 192 Mn and US$ 376 Mn.
Increasing awareness about
foot-related disorders among people in Asia Pacific is expected to fuel the
market growth in this 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.
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