Podiatry Services Market Size Is Projected to Reach $4.99 Billion By 2028 | CAGR: 1.8% : Polaris Market Research

November 11 13:20 2021
Podiatry Services Market Size Is Projected to Reach $4.99 Billion By 2028 | CAGR: 1.8% : Polaris Market Research
Polaris Market Research
According to a new study by Polaris Market Research. The global podiatry services market size was valued at USD 4.34 billion in 2020 and is expected to reach USD 4.99 billion by 2028 to grow at a CAGR of 1.8% during the forecast period

The global podiatry services market size is expected to reach USD 4.99 billion by 2028 according to a new study by Polaris Market Research. The report “Podiatry Services Market Share, Size, Trends, Industry Analysis Report, By Type (General Podiatry, Podiatry Surgery, Sports Podiatry, Podopediatrics); By Facility; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current industry dynamics and provides analysis on future industry growth. 

The surge in the number of diabetes conditions, rise in obesity, coupled with growing foot problems due to sports injury, are the prominent factors favoring the global market growth. Moreover, the substantial growth in demand for advanced technologies, such as 3D scanners and 3D printers, video gait analysis (VGA) is one of the integral factors accelerating the industry growth. Furthermore, the increasing investments in healthcare sector along with rising demand for these services in hospitals is driving the industry forward. 

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 Podiatry Services Market Size

Competitive Landscape : 

Major participants such as : Baycrest, Beijing Puhua International Hospital, Burjeel Hospital for Advances Surgery, Foot and Ankle Specialists of the Mid-Atlantic (FASMA), Foot Center of New York, Fortis Healthcare, Kaiser Permanente, Massachusetts General Hospital, Max Healthcare, Mayo Clinic, Medicine Middle East, Nuffield Health, Schoen Clinic, The London Podiatry Center, The Royal Free Hospital are operating in the market. 

In April 2021, The American Podiatric Medical Association (APMA) launched “Today’s Podiatrist Keeps America Active,” its national foot health awareness month campaign. This campaign aims to raise awareness among individuals regarding the podiatrist’s expertise in sports medicine, which includes diagnosing, preventing injuries, and treating sports-related conditions in the feet and ankle. Such initiative by the associations will increase the awareness among the people, which drives the industry forward. 

Market Insight: 

North America region dominates the industry share due to high healthcare investment, which initiates podiatrists to adopt advanced technologies for foot treatment. Whereas, Asia Pacific region is expected to be the leading region in the upcoming years, owing to the growing geriatric population, which has a high possibility of foot problems like knee, ankle pain, and many more. 

However, the sudden outbreak of COVID-19 had a significant impact on this industry. On the contrary, the adoption of telemedicine/teleconsultation services has connected patients to podiatrists with integrated and comprehensive care, further propelling the demand for these services. 

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Polaris Market Research has segmented the podiatry services market report on the basis of type, facility, and region:

Podiatry Services, Type Outlook (Revenue – USD Billion, 2016 – 2028)

  • General
  • Surgery
  • Sports
  • Podopediatrics

Podiatry Services, Facility Outlook (Revenue – USD Billion, 2016-2028)

  • Hospitals & Outpatient Departments
  • Office / Clinics
  • Homecare & Telemedicine

Podiatry Services, Regional Outlook (Revenue – USD Billion, 2016-2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Healthcare

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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