Orthopedic Shoes Market size was valued at USD 705.49 million in 2021 and is expected to expand at a CAGR of 6.51% during the forecast period, reaching USD 1030.0 million by 2030.
Insoles for arch support, bigger toe boxes, and medical issues like foot injuries, heel spurs, hammertoes, and diabetes are all treated using orthopedic footwear. People of all ages who have problems with their feet’s alignment and related medical conditions wear these types of shoes. Because of the rise in accidents, which are the primary cause of orthopedic issues in people, the orthopedic shoe market is expanding globally.
There are two sides to the footwear industry: a retail company and a manufacturing business. A few businesses have seen zero revenue over the previous few weeks in this market segment as a result of COVID-19’s effects on both business ends. The effects of COVID-19 will last for a while. Clarks, a British shoe company, saw a decline in sales revenue as a result of the COVID-19 effect. Orders have not yet been canceled by the corporation, although there are delays because of the epidemic. Consequently, it is anticipated that the e-commerce platform used to market the product would expand.
The largest market drivers for orthopedic shoes can be attributed to the aging populations in developed countries. Orthopedic footwear is especially made to conform to the foot with each step taken and protect the heel area from harm.
Companies regularly introduce orthopedic footwear around the world in a range of patterns and styles. The growth of the orthopedic footwear industry is expected to be hampered by rising diabetic shoe infiltration and costs associated with orthopedic footwear. It is anticipated that the market growth will be constrained by the high price of orthopedic footwear and the rapid market penetration of diabetic shoes.
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Major Players in Orthopedic Shoes market are:
Chaneco
Sole
Piedro
DARCO
Apex
Duna
LXTD
Drew Shoe
Mephisto
Orthofeet
New Balance
Dr. Comfort
Propet
Vionic
Rokab
Most important types of Orthopedic Shoes products covered in this report are:
Flatfoot Orthopedic Shoes
Cavus Orthopedic Shoes
Calcaneal Spur Orthopedic Shoes
Varus Orthopedic Shoes and Valgus Orthopedic Shoes
Other
Most widely used downstream fields of Orthopedic Shoes market covered in this report are:
Children Less than 5 years old
Juveniles
Adults
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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Questions Answered in the Orthopedic Shoes Market Research Report:
- What are the leading market players active in the orthopedic shoes market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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