About Medical Shoes
Medical shoes are the special type of shoes designed for people experiencing medical conditions that need special care for feet and ankles so as to prevent or stop the further worsening of symptoms of the ailment. Medical Shoes provides better foot alignment, increased ankle protection and improved cushioning to check the alleviating symptoms of diseases associated with muscles and bone. Interior of the shoes are made from soft material, and stitching is done in such a way that it doesn’t cause irritation
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.8% |
The market for medical shoes is fragmented with the presence of many players worldwide. Orthopedic Shoes are attaining significant importance as the next major development in Medical Shoes. The players are launching new products with improved functions, better movement, and fashionable designs. Big players can adopt strategies like a merger, acquisition and new product launch to gain market share. Owing to increased government supports, there are also opportunities for new entrants in the market Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Medical Shoes market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
New Balance (United States), Dr. Comfort (United States), Mephisto (France), Apex Foot Health Industries (United States), Propet (United States), Vionic (United States), Chaneco (United Kingdom), Duna (Italy), Orthofeet (United States) and Piedro (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DARCO Medical India Pvt. Ltd (India), Drew Shoe Corporation (United States), Sole (United States), Reed Medical Limited (United Kingdom), Arden Orthotics (United Kingdom), FitzKidz (United Kingdom), Kenward Orthopaedic (United Kingdom), V-M Orthotics Limited (United Kingdom) and Mailkin’s Functional Footwear (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Shoes market by Type (Orthopedic Shoes, Nursing Shoes and Others), Application (Diabetes or Arthritis, Plantar Fasciitis, or Ankle Varus/Valgus., Hammertoes, Bunions, or Metatarsalgia., Fallen Arches, Pes Planus, or Pes Cavus and Others) and Region.
On the basis of geography, the market of Medical Shoes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Closure, the sub-segment i.e. Hook and Lopp will boost the Medical Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Medical Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Medical Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Medical Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The surge in popularity of Medical shoes with good aesthetics amongst millennials seeking comfort along with a good appearance
Market Growth Drivers:
Presence of geriatric population suffering from a foot injury, wide bunions, an open sore, arthritis degenerative foot disorders, spasticity, and muscular diseases or neurological diseases and Increased awareness about preventive measures amongst diabetes patients for the prevention of strain, ulcers, and calluses
Challenges:
Unawareness about the health benefits of medical shoes for disease prevention and reduction and High cost associated with the manufacturing of medical shoes
Restraints:
Fewer varieties and options available for medical shoes
Opportunities:
There is an increased opportunity for medical shoe manufacturers for tapping the growing needs for medical supplies that are light in weight, durable and fashionable and Increased adoption of medical shoes worldwide will open prospects for eCommerce companies selling fashionable medical shoes that provide more comfort than conventional shoes
Market Leaders and their expansionary development strategies
In March 2023, Researchers at ETH Zurich, Empa, and EPFL developed a 3D-printed insole with integrated sensors that allow the pressure of the sole to be measured in the shoe. This helps athletes or patients to determine performance and therapy progress.
In September 2021, ASICS launched a new footwear range designed especially for medical professionals, including Nurse Walker and Care Walker.
Key Target Audience
Medical Shoes Manufacturers, Medical Investors, Distributors/Traders, Importers/Exporters, Regulatory and Government Bodies, Downstream Vendors, Up-Stream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.