Orthopedic Footwear Market Trends

Growth Drivers

• Increasing Health awareness and Popularity of Orthopedic Footwear- There has been growing awareness amongst the population about foot care and rising consumer spending on healthcare products. Owing to the various features associated with orthopedic footwear such as removable insole, extra width, and supportive heel, could be a factor projected to propel the growth of this orthopedic footwear market.
• Increasing Injuries- Increasing sports injuries, fractures, neuromuscular problems, and disorders are increasing the growth of this market.  Fall injuries accounted for 51 % of medical care and 61% of emergency orthopedic surgery cases.
• Increasing Patients of Plantar Fasciitis- The global market is expected to grow as a result of the increased incidence of plantar fasciitis. People dealing with plantar fasciitis require extra cushioning in their footwear in order to provide support to their feet. Thus, orthopedic footwear is also opted by people for managing plantar fasciitis. According to a report published in the year 2022 by NCBI, in the United States, between 25 and 65 years of age, 83% of patients with plantar fasciitis are working adults.

Challenges

• Lack of Skilled Labor- Despite improving the orthopedic footwear market, there is a lack of necessary equipment as well as a lack of skilled labor in research and development. This is estimated to restrain the growth of the market in the forecasted period.
• High Cost Associated with the Orthopedic footwear
• Alternative treatments for Orthopedic Condition