Medical Footwear Market: By Type (Shoes & Boots, Sandals, Others), By Application (Diabetic Shoes, Arthritis Shoes, Bunions & Hallux Valgus Shoes, Flat Feet Shoes, Others (Plantar Fasciitis Shoes, Achilles Tendonitis Shoes, etc.), By End User (Men, Women, Kids), By Distribution Channel (Online, Offline) and Geography  

Medical Footwear Market size was valued at USD 11,474.6 million in 2023 and is poised to grow at a CAGR of 5.3 % from 2024 to 2030. Medical Footwear can be reflected as a therapeutic shoe that aids in managing several foot-related issues, such as bunions & hallux valgus, plantar fasciitis, arthritis, and Achilles tendonitis, and roundabout medical shoes are fabricated considering the patients with diabetes and flat feet. Moreover, the factors driving the medical footwear market are a rise in the number of foot deformities and injuries such as plantar fasciitis, bunions, arthritis, foot and ankle injuries, corns, and flat feet. Moreover, technological advancements in medical footwear are also subsidizing the evolution of the market. For instance, as per the American Podiatric Medical Association (APMA) 2021, 76% of Americans will, at some point in their lives, come across foot health issues of diverse degrees of severity. An annual average of 1.4-foot issues affects about 21% of United States citizens. Moreover, it also stated that every year, about 6% of the United States population has foot infections like athlete's foot, other fungiform contaminations, and warts. The extended conditions are left untreated, and the worse the pain and discomfort develop for the people. This footwear offers cushioning to the whole foot, providing the wearer with the support to move easily.

Therefore, the growing burden of foot health problems bolsters the growth of the medical footwear market during the study period. the collaboration between the hospitals and the market players is anticipated to drive the market in the forecast period. However, the challenges associated with medical footwear are the high cost associated with the fabrication of the medical footwear, limited style options, availability, maintains issues remains substantial barriers that hamper the growth of the medical footwear market in the forecast period. However, the key opportunities associated with the increasing awareness and demand, technology advancements in medical footwear, e-commerce and direct-to-customer sales, and geographical expansion by the market players create lucrative opportunities for the medical footwear market in the forecast period.

Medical Footwear Market Key Developments:

• April 2023: Inviza Health unconfined the beta version of Inviza Sole 1.0, a self-charging, health-tracking insole with a companion Inviza Care 1.0 patient mobile app and Inviza Cloud platform with Inviza Portal 1.0 physician dashboard.