Podiatry Services Market is segmented By Type (General Podiatry, Podiatry Surgery, Sports Podiatry, Podopediatrics), By Facility (Hospitals & Outpatient departments, Podiatry Office / Clinics, Homecare and Telemedicine), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Podiatry Services Market is expected to reach a CAGR 1.7% during the forecast period (2024-2031).
Medical specialists who help with problems that affect feet or lower legs are known as podiatrists. They c treat injuries as well as complications from ongoing health issues like diabetes. Thus, one might hear them called a podiatric physician or doctor of podiatric medicine. Podiatry services offer assessments, diagnoses, and treatments for a range of foot problems.
Market Summary
| Metrics | Details |
| Market CAGR | 1.7% |
| Segments Covered | By Type, By Facility, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The growing prevalence of foot problems in the geriatric, diabetic population and adoption of specific sports foot and ankle services by sportsperson to manage foot and ankle injuries will drive the Podiatry Services Market
The growing prevalence of foot problems in the geriatric and diabetic population will drive the market in the forecast period
Over the time, diabetes may cause nerve damage, also called diabetic neuropathy, that may cause tingling, pain and make patients lose feeling in their feet. When patients lose feeling in their feet, they may not feel a pebble inside their sock or a blister on their foot, leading to cuts and sores. Cuts and sores can become infected. Most people suffering with diabetes can prevent serious foot complications. Regular care at home and podiatry services appointments are the best way for prevention of foot problems (by stopping small problems from becoming serious ones).
The global diabetes prevalence in 2019 is estimated to be 9.3% (463 million people), rising to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. The prevalence is higher in urban (10.8%) than rural (7.2%) areas and in high-income (10.4%) than low-income countries (4.0%).
Foot pain is common in older adults, with the prevalence of 20%–42% of individuals aged 65 yrs or older. Foot pain also is significantly associated with poor mobility in both genders (odds ratio = 2.0 for men, 1.59 for women). In 2019, about 16.5 % of the American population was 65 years old or over, which is expected to reach 22 percent in coming years.
Adoption of specific sports foot and ankle services by sportsperson for the management of foot and ankle injuries will drive the market
Sports injuries occur during sport, athletic activities, or exercising. In the United States, around 30 million teenagers and children combined to participate in some form of organized sport. Of those, about three million athletes age 14 years and under experience a sports injury annually. Sprains are the most common sports injuries to affect athletes. Determining the severity of an ankle sprain is vital to set up an appropriate treatment plan. Whether one received a slight sprain where ice and pain reliever will suffice, or sprain is severe with a potential fracture, evaluating foot and ankle health after a sprain will help the podiatrist determine a treatment plan to get the patient back up and running with as little downtime as possible.
During a study carried out ,a total of 3861 total musculoskeletal injuries were recorded. In addition, there were 1035 foot/ankle injuries (27%). Of all foot/ankle injuries, 21% (218 of 1035) caused the athlete to miss at least one day of participation, with an average of 12.3 days of time loss from the sport.
Lack of awareness of foot problems will hamper the Podiatry Services Market
According to the American Podiatric Medical Association, approximately 20% of the U.S. population has at least one-foot problem annually. It may result from poorly fitting shoes or an underlying health problem such as peripheral neuropathy, diabetes, or obesity. Awareness involves knowing and understanding those factors that will further develop beliefs and dictate attitudes and practices toward responsibility, improvement, and success. Self-management and self-care are part of health promotion. Advancing health , well-being, promoting health and particularly foot health, is important to support active aging. Unfortunately, foot care education has not been given the importance it deserves. Many patients realize the need for foot care only after they develop an ulcer or need to have an amputation, which could have been prevented.
COVID-19 Impact Analysis on Market
COVID-19 has impacted the healthcare sector and also has a notable impact on the Podiatry Services Market Podiatrists have a critical role in the pandemic, particularly in preventing diabetic and vascular foot ulceration and related hospital admissions. Such admissions would add pressure to intensive care unit capacity. And with the high risk of transmission of COVID-19, most of the services have been shut.
Market Segmentation Analysis
The general podiatry segment will dominate the market
The treatment of foot and ankle problems, including sprains and fractures, bunions, general foot pain, ingrown toenails, warts, corns callus and more, is called general podiatry. Podiatrists are foot health specialists, they can cure foot problems. As specialists, they have an in-depth understanding of the foot and lower leg injury. This comprehensive knowledge gives podiatrists the ability to discern foot and leg problems and develop a proactive treatment plan to cure the patients problems. The growing prevalence of diabetes and foot diseases, rising incidence of injuries and rising geriatric population will increase the growth of this segment in the forecast period.
According to the Bureau of Labor Statistics, more than 53,000 foot injuries per year lead to missed workdays. That means on average, 4.8 individuals per 10,000 full-time workers are missing work due to foot injuries. Total foot disease disorder prevalence ranges included: 0.01–13.5% for foot wounds, 0.05–6.4% for foot infections and 0.2–11.9% for collective foot disease. Total risk factor prevalence ranges included: 0.01–36.0% for PAD, 0.003–2.8% for P.N. and foot deformity was not reported.
Hospitals & Outpatient departments and outpatients segment dominated the podiatry services market
Podiatry treatment is the treatment that focuses on the health of the feet. To make sure that a persons feet are in good condition, it is important to seek the services of a podiatrist for treatment. Visiting a podiatrist is a good way of maintaining the overall health of the feet. The feet are susceptible to all illnesses and disorders that are likely to affect movement and overall health. For instance, the disease affects the feet, like athletes' feet, and they need to be addressed early enough before they cause any trouble. Hospitals and outpatient departments are much easily accessible to patients with well-trained staff.
According to Illinois podiatric medical association, podiatric physicians are the major providers of foot care services,who provide 39 percent of most foot care (orthopedic physicians provide 13 percent of all foot care, other physicians provide 37 percent of all foot care, and physical therapists and others provide 11 percent of all foot care). There are about 13,320 active Podiatric Physicians in the United States today. There is an average of one Podiatric Physician for every 20,408 people. About 81 percent of all U.S. Hospitals & Outpatient departments have Podiatric physicians on staff. The larger the hospital, the more likely it is to have Podiatric Physicians on its staff.
Market Geographical Share
North America dominated the podiatry services market
The growing prevalence of foot problems in the geriatric, diabetic population increases the number of foot problems. Growing awareness of foot problems and the presence of major key players will drive the market in this region.
75% of Americans will experience foot problems at one time or another in their lives. About 60% of all foot & ankle injuries aged 17 or older are ankle strains or sprains. In addition, about 6% of U.S. population has foot injuries, bunions, flat feet or fallen arches each year.
According to the Bureau of Labor Statistics, employment of podiatrists is expected to grow 20 percent or faster than the average for all occupationsin coming years. More people will turn to podiatrists for foot care as the number of injuries sustained by a more active and increasingly older population grows.
Market Competitive Landscape
Some prominent key players in this market are Massachusetts General Hospital, Kaiser Permanente, The London Podiatry Center, The Royal Free Hospital, Fortis Healthcare, Beijing Puhua International Hospital, Schoen Clinic, Gharieni, NAMROL and SARATOGA
Key Companies to Watch
Gharieni Group
Overview: The Gharieni Group, based in Germany, is a leading European manufacturer of high-end spa and medical equipment and furniture with almost 30 years of experience. Made in Germany using exacting standards, Gharieni's products are designed with the utmost attention to quality and detail. Gharieni strives for seamless integration of functional equipment to create an unparalleled and memorable experience for clients. Taking wellness to the next level, Gharieni creates a unique and distinctive guest journey that fully integrates the mechanics of superior equipment with the practiced touch of the provider, truly reflecting the authenticity and messaging of every client's brand identity. Innovation is Gharieni's passion, allowing for the transformation of flexible spaces within the treatment rooms while retaining efficiency, functionality, and design aesthetic.
Product Portfolio: The company is the manufacturer of high-end spa and medical equipment and furniture with almost 30 years of experience. Made in Germany using exacting standards, Gharieni's products are designed with the utmost attention to quality and detail.
Key Development: MLW NEO "is the name of the new spa table from Gharieni, and as the name suggests, there are many new things here. The MLW NEO is the further development of the MLW Classic and replaces the top seller in the company's portfolio.
The Podiatry Services Market report would provide an access to an approx. 52 market data table, 42 figures and 200 pages.
