Global Orthopedic Footwear Market Outlook 2020-2028

Global Orthopedic Footwear Market Analysis 2020-2028

The global orthopedic footwear market is anticipated to grow with a CAGR of 5.85% over the forecast period, i.e., 2021 - 2028. Factors such as the rising concern for the increasing orthopedic disorders worldwide, along with the growing geriatric population, who are at the highest risk of having an orthopedic disorder, are anticipated to drive the growth of the market in the coming years. Moreover, factors such as the rising demand for orthopedic footwear amongst sportspersons, aging baby boomers, and amongst the diabetic patients, along with the surge in awareness for health consciousness amongst the individuals worldwide, are also projected to contribute to the market growth in the coming years. The global orthopedic footwear market is estimated to garner a revenue of around USD 11740 Million by the end of 2028, up from a revenue of more than USD 7510 Million in the year 2020.

The global orthopedic footwear market is segmented by numerous segments, which include segmentation by product, end-user, distribution channel, indication, and by region. By product, the market is segmented into slippers, sandals, and shoes. Amongst these, the shoes segment is anticipated to garner the largest revenue of about USD 5190 Million by the end of 2028. Additionally, the segment also generated a revenue of near to USD 3330 Million in the year 2020.

On the basis of geographical analysis, the global orthopedic footwear market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2028, the market in North America region is anticipated to garner the largest revenue of near to USD 4010 Million. Additionally, the market in the region generated a revenue of close to USD 2580 Million in the year 2020.

Some of the prominent industry leaders in the global orthopedic footwear market that are included in our report are DARCO International, Inc., DJO, LLC, MEPHISTO S.A.S, Apex Foot Health Industries, LLC, Propet USA, Inc., Vionic Group LLC, Chaneco Limited, DUNA-Corradini S.p.A., Orthofeet, Inc., Piedro, Drewshoe, Incorporated, New Balance Athletics, Inc., Edge Marketing Corporation, and others.