Medical Footwear Market is valued approximately USD 8.30 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.7 % over the forecast period 2021-2027. Medical Footwear is therapeutic footwear designed to deal with foot problems like arthritis, bunions & hallux valgus, plantar fasciitis, and Achilles tendonitis. Some of these footwear are also designed to deal with flat feet and diabetes. Medical footwear is mainly used for maintaining proper blood circulation. The increasing awareness of health and foot-related concerns, growing geriatric population suffering from foot problems and rise in the cases of diabetic patients and foot ankle sprains are factors driving the market growth. People are focusing more on being physically fit, taking care of their body and providing proper comfort, in order to reduce health problems. According to the World Health Organization (WHO) 2020 report, approximately 422 million people are suffering from diabetes across the globe. According to a report published on National Center for Biotechnology Information (NCBI) in 2020, 1 million patient visits per year are due to plantar fasciitis. However, higher cost as compared to normal footwear and lack of awareness about the benefits of medical footwear impedes the growth of the market over the forecast period of 2021-2027. Also, new innovations in designs of medical footwear and increasing awareness among diabetic patients is likely to increase the market growth during the forecast period.

The regional analysis of global Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is dominating the global market for Medical Footwear. This market growth is due to the growing number of diabetic and orthopedic patients & rising disposable income in the region. Whereas, Asia-Pacific is expected to show highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, rising cases of diabetes, proper healthcare infrastructure and insurance penetration would create lucrative demand for the medical footwear market across Asia-Pacific region.

Major market player included in this report are:
Dr. Comfort
New Balance
Dr. Zen Inc.
Gravity Defyer Corp
Dr. Foot Inc.
OrthoFeet
Duna
Mephisto
Aetrex Worldwide, Inc.
DARCO International, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End User:
Men
Women
Children
By Distribution Channel:
Offline Stores
Online Stores
Other Channels
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2018, 2019
Base year 2020
Forecast period 2021 to 2027

Target Audience of the Global Medical Footwear Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors