Vantage Market Research
Nov 18, 2021
According to analysts at Vantage Market Research, the Orthopaedic Shoes Market is expected to reach USD 2,863 Million by 2028, growing at a CAGR of 7.6% between 2021 and 2028.
Orthopedic shoes are particularly created for individuals who have disfigurements on the foot and ankle. It assists the muscles, tendons, and joints by appropriately adjusting their orientation. It aids to reduce pain while walking or standing. The footwear outputs are not just to offer better support but to further ensure better foot health by inhibiting several problems that would lead to pain or distress.
Key Findings:
- The flatfoot orthopedic shoe segment is projected to expand at the fastest CAGR exceeding 7.8% over the forecast period as it also provided shock absorption, cushioning, and stability in high-stress areas, to improve walking problems.
- The juveniles segment held a market share of around 30% in 2020. This share is due to the rising investments due to improving benefits from wearing orthopedic shoes as it keeps the foot in good shape and supports while walking around.
- Asia Pacific is expected to expand at a CAGR of over 7.9% from 2021 to 2028. This surge is attributed to the rising demand for orthopedic shoes in developing economies such as China and India.
Orthopedic
shoes have different characteristics such as flexible buckles and Velcro straps
which assist you to get relaxation from your feet problems like bunions, corns,
and hammers thus creating a positive scope for the overall market growth.
North America is expected to record the highest CAGR, owing to the increasing demand in countries, such as the U.S., Canada, and Mexico. The added factor that is elevating the market growth is rising games and sports-related wounds, fractures, neuromuscular and musculoskeletal damage among individuals.
Some of the key players in the Orthopaedic Shoes Market include Schein Group, Aetrex Worldwide Inc., My FootDr, Chaneco, GANTER Shoes GmbH, THINNER, Happy Walker, Uvex Group, Arden Orthotics, Jane Saunders & Manning Ltd, MEPHISTO, Reed Medical Ltd.., among others. The market is comprised of a high degree of competition due to the presence of numerous key players.