Report ID: 10352251 |
Published Date: 01 Nov 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Orthopedic Footwear Market Highlights Over 2020 - 2028
The global orthopedic footwear market is estimated to garner a revenue of USD 11740.62 Million by the end of 2028, by growing at a CAGR of 5.85% over the forecast period, i.e., 2021 – 2028. Moreover, in the year 2020, the market generated a revenue of USD 7513.03 Million. The growth of the market can primarily be attributed to the rising concern for the surge in orthopedic disorders worldwide, followed by the growing geriatric population, who are in high risk of having various orthopedic disorders. In one of the statistics by the World Bank, the population aged 65 and above increased from 7.567% (% of the total population) in the year 2010, to 9.318% in the year 2020. Orthopedic footwear is designed to provide relief to individuals who suffer from pain or swelling in the foot, ankle, and leg. Backed by the growing concern for different types of orthopedic disorders worldwide, patients are increasingly seeking for personalized and comfortable footwear which are tailored to their unique health conditions. According to the statistics by the Institute for Health Metrics and Evaluation (IHME), musculoskeletal disorders around the globe increased from 3.25% of total DALYs in the year 1990 to 5.89% of total DALYs in the year 2019. On the other hand, growing prevalence of osteoarthritis, and the rising demand for knee arthroplasty, are also expected to drive the market growth in the coming years.
The market is also anticipated to grow on account of the increasing demand for these products amongst the sportspersons, aging baby boomers, and diabetic patients. Moreover, increasing awareness of health consciousness amongst individuals worldwide and the numerous benefits associated with the use of orthopedic footwear are also expected to create significant opportunities for market growth in the coming years.
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Global Orthopedic Footwear Market Regional Synopsis
Regionally, the global orthopedic footwear market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is anticipated to garner the largest revenue of USD 4012.94 Million by the end of 2028, up from a revenue of USD 2581.48 Million in the year 2020. The growth of the market in the region can primarily be attributed to the high prevalence of musculoskeletal disorders, which according to the statistics by the IHME, grew from 10.61% of total DALYs in the year 1995 to 12.54% of total DALYs in the year 2019. On the other hand, the market in Europe is expected to attain the second-largest revenue of USD 3495.18 Million by the end of 2028, up from a revenue of USD 2266.68 Million in the year 2020. The market in the region is further segmented by country into the United Kingdom, Germany, France, Italy, Spain, Hungary, Belgium, Poland, Russia, and the Rest of Europe. Out of these, the market in Germany is anticipated to garner the largest revenue of USD 757.06 Million by the end of 2028, up from a revenue of USD 489.15 Million in the year 2020.
Growth Drivers and Challenges Impacting the Growth of the Global Orthopedic Footwear Market
Growth Drivers
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Increasing Orthopedic Disorders
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Rising Geriatric Population
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Growing Awareness for the Product
Challenges
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High Cost of Orthopedic Footwear as Compared to Conventional Footwear
Global Orthopedic Footwear Market Segmentation Synopsis
The global orthopedic footwear market is segmented by product into slippers, sandals, and shoes. Out of these, the shoe segment is anticipated to garner the largest revenue of USD 5190.57 Million by the end of 2028, up from a revenue of USD 3336.78 Million in the year 2020. By end-user, the market is segmented into children less than 5 years, juveniles, and adults. Out of these, the adult segment is expected to garner the largest revenue of USD 9019.12 Million by the end of 2028, up from a revenue of USD 5734.80 Million in the year 2020. By distribution channel, the market is segmented into stores-based, and online stores. Out of these, the stores-based segment is anticipated to garner the largest revenue by the end of 2028 and also grow with the highest CAGR of 6.09% during the forecast period. The market is also segmented by indication into diabetes & edema, arthritis, flat feet, heel pain, and others. Out of these, diabetes & edema segment is projected to display the largest revenue of USD 5176.39 Million by the end of 2028, up from a revenue of USD 3272.11 Million in the year 2020.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global orthopedic footwear market that are included in our report are DARCO International, Inc., DJO, LLC, MEPHISTO S.A.S, Apex Foot Health Industries, LLC, Propet USA, Inc., Vionic Group LLC, Chaneco Limited, DUNA-Corradini S.p.A., Orthofeet, Inc., Piedro, Drewshoe, Incorporated, New Balance Athletics, Inc., Edge Marketing Corporation, and others.
Latest Developments in the Global Orthopedic Footwear Market:
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August 11th, 2021: Apex Foot Health Industries, LLC announced that it has launched the Orthopedic Mesh Mary Jane, an orthopedic footwear added to the fresh summer lineup collection for women. This new footwear is designed with breezy fabric which makes it breathable, sporty and comfortable.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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1. Market Definition
1.1. Definition
1.2.Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
4. Executive Summary-Global Orthopedic Footwear Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
6. Key Market Opportunities
7. Major Roadblocks for the Market Growth
8. Regulatory and Standards Landscape
9. Industry Risk Analysis
10. Value Chain Analysis
11. Industry Growth Outlook
12.Impact of COVID-19 on the Orthopedic Footwear Market
13.Competitive Landscape
13.1. Market Share Analysis, 2020
13.2. Company Profiles
13.2.1. DARCO International, Inc.
13.2.2. DJO, LLC
13.2.4. Apex Foot Health Industries, LLC
13.2.5. Propet USA, Inc.
13.2.6. Vionic Group LLC
13.2.7. Chaneco Limited
13.2.8. DUNA-Corradini S.p.A.
13.2.9. Orthofeet, Inc.
13.2.10. Piedro
13.2.11. Drewshoe, Incorporated
13.2.12. New Balance Athletics, Inc.
13.2.13. Edge Marketing Corporation
14.Global Orthopedic Footwear Market 2020-2028
14.1. Market Overview
14.2. By Value (USD Million)
15. Global Orthopedic Footwear Market – Segmentation Analysis 2020-2028
15.1. Product
15.1.1. Slippers, 2020-2028F (USD Million)
15.1.2. Sandals, 2020-2028F (USD Million)
15.1.3. Shoes, 2020-2028F (USD Million)
15.2. End-user
15.2.1. Children less than 5 years, 2020-2028F (USD Million)
15.2.2. Juveniles, 2020-2028F (USD Million)
15.2.2.1. Girls, 2020-2028F (USD Million)
15.2.2.2. Boys, 2020-2028F (USD Million)
15.2.3. Adults, 2020-2028F (USD Million)
15.2.3.1. Women, 2020-2028F (USD Million)
15.2.3.2. Men, 2020-2028F (USD Million)
15.3. Distribution Channel
15.3.1. Stores Based, 2020-2028F (USD Million)
15.3.2. Online Stores, 2020-2028F (USD Million)
15.4. Indication
15.4.1. Diabetes and Edema, 2020-2028F (USD Million)
15.4.2. Arthritis, 2020-2028F (USD Million)
15.4.3. Flat Feet, 2020-2028F (USD Million)
15.4.4. Heel Pain, 2020-2028F (USD Million)
15.4.5. Others, 2020-2028F (USD Million)
15.5. Region
15.5.1. North America
15.5.2. Europe
15.5.3. Asia Pacific
15.5.4. Latin America
15.5.5. Middle East & Africa
16.North America Orthopedic Footwear Market
16.1. Market Overview
16.2. Market Value (USD Million)
16.3. Market Segmentation by:
16.3.1. Product
16.3.1.1. Slippers, 2020-2028F (USD Million)
16.3.1.2. Sandals, 2020-2028F (USD Million)
16.3.1.3. Shoes, 2020-2028F (USD Million)
16.3.2. End-user
16.3.2.1. Children less than 5 years, 2020-2028F (USD Million)
16.3.2.2. Juveniles, 2020-2028F (USD Million)
16.3.2.2.1. Girls, 2020-2028F (USD Million)
16.3.2.2.2. Boys, 2020-2028F (USD Million)
16.3.2.3. Adults, 2020-2028F (USD Million)
16.3.2.3.1. Women, 2020-2028F (USD Million)
16.3.2.3.2. Men, 2020-2028F (USD Million)
16.3.3. Distribution Channel
16.3.3.1. Stores Based, 2020-2028F (USD Million)
16.3.3.2. Online Stores, 2020-2028F (USD Million)
16.3.4. Indication
16.3.4.1. Diabetes and Edema, 2020-2028F (USD Million)
16.3.4.2. Arthritis, 2020-2028F (USD Million)
16.3.4.3. Flat Feet, 2020-2028F (USD Million)
16.3.4.4. Heel Pain, 2020-2028F (USD Million)
16.3.4.5. Others, 2020-2028F (USD Million)
16.3.5. Country
16.3.5.1. US
16.3.5.2. Canada
17. Europe Orthopedic Footwear Market
17.1. Market Overview
17.2. Market Value (USD Million)
17.3. Market Segmentation by:
17.3.1. Product
17.3.2. End-User
17.3.3. Distribution Channel
17.3.4. Indication
17.3.5. Country
17.3.5.1. United Kingdom
17.3.5.2. Germany
17.3.5.3. France
17.3.5.4. Italy
17.3.5.5. Spain
17.3.5.6. Hungary
17.3.5.7. Belgium
17.3.5.8. Poland
17.3.5.9. Russia
17.3.5.10. Rest of Europe
18.Asia Pacific Orthopedic Footwear Market
18.1. Market Overview
18.2. Market Value (USD Million)
18.3. Market Segmentation by:
18.3.1. Product
18.3.2. End-User
18.3.3. Distribution Channel
18.3.4. Indication
18.3.5. Country
18.3.5.1. China
18.3.5.2. India
18.3.5.3. Japan
18.3.5.4. South Korea
18.3.5.5. Indonesia
18.3.5.6. Malaysia
18.3.5.7. Australia
18.3.5.8. New Zealand
18.3.5.9. Rest of Asia Pacific
19.Latin America Orthopedic Footwear Market
19.1. Market Overview
19.2. Market Value (USD Million)
19.3. Market Segmentation by:
19.3.1. Product
19.3.2. End-User
19.3.3. Distribution Channel
19.3.4. Indication
19.3.5. Country
19.3.5.1. Brazil
19.3.5.2. Mexico
19.3.5.3. Argentina
19.3.5.4. Rest of Latin America
20. Middle East & Africa Orthopedic Footwear Market
20.1. Market Overview
20.2. Market Value (USD Million)
20.3. Market Segmentation by:
20.3.1. Product
20.3.2. End-User
20.3.3. Distribution Channel
20.3.4. Indication
20.3.5. Country
20.3.5.1. Israel
20.3.5.2. GCC
20.3.5.3. North Africa
20.3.5.4. Turkey
20.3.5.5. South Africa
20.3.5.6. Rest of Middle East & Africa
Frequently Asked Question
The market is segmented by product, end-user, distribution channel, indication, and by region.
The shoes segment is anticipated to garner the largest revenue of USD 5190.57 Million by the end of 2028 and display significant growth opportunities.
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Report ID: 10352251 |
Published Date: 01 Nov 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
