Global Medical Footwear Market 2018-2022 | Surge in Innovative Product Designs to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Aug 7, 2018--The global medical footwear market is expected to post a CAGR of over 8% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180807005671/en/
Technavio has published a new market research report on the global medical footwear market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is increasing awareness of health and foot-related concerns. Hectic work schedules and increasing foot-related issues, such as ankle varus, arthritis, bunions, hammertoes, metatarsalgia, pes cavus, pes planus, and plantar fasciitis, are encouraging people to opt for medical footwear to remain fit and avoid health concerns. Thus, with rising problems and with manufacturers coming out with medical footwear, the global market is expected to witness optimistic revenues during the forecast period.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the surge in innovative product designs as one of the key emerging trends in the global medical footwear market:
Global medical footwear market: Surge in innovative product designs
Although the scope for innovation is limited in this market, vendors are continuously investing in R&D activities to innovate and launch new products. With increasing consumer demand for more innovative and trendy product designs, medical footwear manufacturers are coming up with better-quality new and trendy designs to cater to different customer needs. Moreover, the prominent vendors in the market are introducing new products to create product differentiation and value proposition for potential and prospective customers. Also, the innovation in designs not only allows brands to maintain high brand associations with customers but also drives the growth of the overall market during the forecast period.
“With benefits such as better support, proper circulation of blood flow, and diminished pain, the sale of medical shoes is increasing due to increasing adoption of these shoes and thus this factor is expected to contribute largely to the medical footwear industry during the forecast period,” says a senior analyst at Technavio for research on apparel and textile.
Global medical footwear market: Segmentation analysis
This market research report segments the global medical footwear market by end-user (men and women) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share close to 41%, followed by EMEA and APAC respectively. However, during the forecast period, the region of APAC is expected to have the highest incremental growth, while the other two regions are expected to witness a decline in their market shares over the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005671/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES MEDICAL SUPPLIES
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 08/07/2018 12:31 PM/DISC: 08/07/2018 12:30 PM