Report ID: UCMIG25L2015
Report ID:
UCMIG25L2015 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for medical footwear was valued at USD 8.30 billion in 2019; from 2020 to 2027, it is anticipated to expand at a CAGR of 5.7%. One of the main factors propelling the market is the rise in foot-related conditions brought on by ill-fitting footwear, including plantar fasciitis, bunions, arthritis, foot and ankle injuries, corns, and flat feet. Around 77% of Americans have experienced foot diseases and related difficulties, according to the American Podiatric Medical Association (APMA) 2019 report. When wearing improperly fitting shoes for extended periods of time while doing regular walks or running, the wearer's mobility may be restricted due to foot sprains, strains, or injuries.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Footwear by segment aggregation, the contribution of the Footwear in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: UCMIG25L2015