The global podiatry service market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 3.6% over the forecast period. According to recent market analysis, the market value is anticipated to surge from USD 4,845.2 million in 2024 to an impressive USD 6,077.7 million by 2034, marking a substantial increase in demand and adoption of podiatry services worldwide.
The podiatry service market has been steadily growing, with a valuation of USD 4,720.0 million in 2023. Factors such as the rising prevalence of foot disorders, increasing awareness about preventive foot care, and advancements in podiatric treatments are driving this growth trajectory. Additionally, the aging population, coupled with lifestyle changes leading to a higher incidence of diabetes and obesity-related foot issues, further accentuates the need for specialized podiatry services.
Podiatrists play a crucial role in maintaining foot health, diagnosing and treating various foot and ankle conditions, and improving mobility and quality of life for individuals of all ages. With the growing emphasis on preventive healthcare and holistic well-being, the demand for podiatry services is expected to continue its upward trajectory.
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specialist clinics and rehabilitation facilities have been established in response to the increased need for specialist care in the podiatry services sector. These clinics provide extensive treatment choices, state-of-the-art diagnostics, and rehabilitation services specifically designed to meet the special needs associated with foot and ankle injuries.
The rising prevalence of chronic conditions, particularly diabetes, underscores the critical importance of podiatric care in preventing and managing foot complications. Diabetes is frequently associated with neuropathy, impaired circulation, and the development of foot ulcers, highlighting the indispensable role of podiatrists in diabetic foot care.
Key Takeaways:
- The global podiatry service market is expected to experience steady growth over the next decade, with a projected CAGR of 3.6%.
- The market is estimated to reach US$6.1 billion by 2034, reflecting an increase from US$4.7 billion in 2023 and US$4.8 billion in 2024.
- Rising focus on foot health and increasing geriatric population are key growth drivers for the podiatry service market.
Competitive Landscape:
The market is constantly growing and offering services and treatments for ailments, foot & ankle injuries, and abnormalities. The adoption of podiatry services in hospitals is increasing due to the implementation of several advanced techniques that provide patients with comprehensive and integrated care.
Key players are focusing on mergers, partnerships, and acquisitions to expand their market reach. They are also directing toward investment in several growth strategies to enhance their business.
For instance,
- In May 2022, Go 4-D announced that it would focus on patient-centric and data-driven research to aid in making 3D-printed custom-made orthotics.
- In April 2022, Kaiser Permanente announced a US$ 1 billion investment to expand its reach in the United States.
- In 2021, Palm Medical Centers acquired Dr. Profet Health and Wellness Center, LLC, a primary care practice in Florida.
Key Companies Profiled:
- Broadway Foot & Ankle Clinic
- Chicago Foot Health Centers
- Ashinosenmon Tokyo Podiatry Clinic
- Shimokitazawa Hospital
- DfC Diabetic Foot Clinic
- Europe Hospitals – St-Michel Site
- FLECK PODOLOGIA by Simone Fleck
- MÉDICALE DU GRAND SUD
- Bauerfeind Polyclinic
- Burjeel Hospital
- OSTEO POLY CLINIC
- Euromed Clinic
- Oregon Foot Clinic
- Palm Beach Podiatry
- Town Center Foot and Ankle
- Seven Hills Hospitals
- Wockhardt Hospitals
- Apollo Hospitals
- Fortis Hospitals
- Mediclinic Middle East
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Podiatry Service Market Segmentation by Category:
By Service Type:
- General Podiatry
- Orthopedic Podiatry
- Sports Podiatry
- Cosmetic Podiatry
- Podopaediatrics
- Wound Care Podiatry
- Others
By Patient Demographics:
- Pediatric Podiatry
- Adult Podiatry
- Geriatric Podiatry
By Indication:
- Diabetic Foot Care
- Sports-related Injuries
- Structural Abnormalities
- Fungal Infections
- Bunions and Corns
- Ingrown Toenails
- Other Indications
By Service Provider:
- Hospitals
- Podiatry Clinics
- Homecare and Telemedicine
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- Middle East and Africa
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