According to a new report Global Medical Footwear Market, published by KBV research, The Global Medical Footwear Market size is expected to reach $12.4 billion by 2026, rising at a market growth of 8.1% CAGR during the forecast period.
The market is dominated by the men segment in 2019. Expanding instances of diseases, including diabetics, among men have been boosting the segment. The segment of women is anticipated to enlist the highest CAGR from 2020 to 2026. Growing outdoor activities, running, climbing, and other activities that are adventurous among ladies are probably going to boost demand for medical footwear to prevent knee pain and risk of wounds.
The market is dominated by Offline distribution channels and represented maximum share of market revenue in 2019. Patterns in the distribution channels for the medical footwear market emphasize an expanded customer tendency towards purchasing these items from offline stores, for example, retail outlets and multi-brand outlets. The online distribution channel is anticipated to observe the highest development over the forecast period. The growing prominence of e-commerce channels is probably going to prompt impressive development possibilities for the market due to an extensive distribution network.
The market is dominated by North America for medical footwear and represented higher share of the global market revenue in 2019. Growing foot-related issues attributable to diabetes and sports-related fractures, combined with well-established healthcare providers, are among the significant reasons boosting the development of the regional market. The Asia Pacific is anticipated to observe the highest development over the forecast period. An expanding number of diabetic patients and rising instances of foot ankle sprains because of outdoor activities are the leading elements boosting the regional market.
Structural Insights: https://www.kbvresearch.com/medical-footwear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, Colfax Corporation (Dr. Comfort), Dr. Zen, Inc., Gravity Defyer Corporation, Duna Srl, Aetrx Worldwide, Inc., Drew Shoe Corporation, New Balance, Inc., Dr. Foot, Inc., and Podartis Srl.
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