Orthopedic Shoes Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Flatfoot Orthopaedic Shoes, Cavus Orthopedic Shoes, Calcaneal Spur Orthopedic Shoes, Varus Orthopedic Shoes, Valgus Orthopedic Shoes, Others); Application (Injuries, Alignment issues, Foot Disorder, Others); End users (Men, Women); Distribution Channel (Offline Stores, Online Stores); and Region/Country

Detailed Analysis of COVID-19 Impact on the Orthopedic Shoes Market

Pages:

222

Table:

56

Figure:

131

Report ID:

UMCG211042

Geography:

Clear
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Report Description
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Research Methodology

Report Description

Orthopedic Shoes Market
Orthopedic Shoes Market

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The orthopedic shoes market is expected to register a CAGR of around 5% over the period of 2021-2027. Orthopedic shoes are specially designed for people with malformations in their feet and ankles. They support these muscles, tendons, and joints by correcting their alignment in the right way. This helps to reduce pain when walking or standing. These footwear products not only provide better support but also ensure overall foot health by preventing some problems that can lead to pain and discomfort. Orthopedic shoes have a variety of features such as adjustable buckles, velcro straps, and custom insoles to help alleviate foot problems such as hallux valgus, corn, and hammer toes. The growing adoption of Orthopedic Shoes can be attributed to the rising prevalence of various foot diseases such as wider toe boxes, and insoles for arch support coupled with a rapidly growing geriatric population will increase the demand for orthopedic therapeutics. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderlies is expected to double again by 2050 and reach nearly 2.1 billion worldwide. Furthermore, the orthopedic shoe market is anticipated to grow on account of the growing awareness among individuals worldwide regarding the different orthopedic diseases, and rising cases of osteoarthritis. Thereby, boosting the orthopedic shoes market globally.

Dr. Comfort, Apex, New Balance, Vionic, Sole, Duna, Orthofeet, Piedro, Darco, and Drew Shoe Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Type, the flatfoot orthopedic shoe category accounted for the majority share in the market in 2020”

Based on type, the market is classified into flatfoot orthopedic shoes, cavus orthopedic shoes, calcaneal spur orthopedic shoes, varus orthopedic shoes, and valgus orthopedic shoes. Amongst types, the flatfoot orthopedic shoe category accounted for a significant share in the market owing to the rising demand from athletes for flat-footed shoes as they provide shock absorption, cushioning, and stability in high-stress areas, in order to improve walking or running abilities. Further, flatfoot orthopedic shoes are all about support, and it goes beyond arches. By providing better support across the entire shoe – from better cushioning under the heel to better arch support – orthopedic shoes can really help realign your foot.

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“Among Application, the foot disorder is expected to witness highest CAGR during the forecast period”

Based on application, the market is categorized into injuries, alignment issues, foot disorders, and others. Among these, foot disorder is expected to witness the highest CAGR during the forecast period. This is due to the increase in the prevalence of foot disease, accidents, bone spurs, broken foot, bursitis (joint inflammation), and many more.

“Amongst End-Users, the women category accounted for the majority share in the market in 2020”

Based on end-users, the market is classified into men and women. Amongst usage, the women category accounted for a significant share in the market because women are more prone to causing any foot disorder or deformities as they have to wear uncomfortable sandals for a very long time which creates pain, warts, ingrown toenails, and bone spur. For instance, According to Osteoarthritis Action Alliance in 2021, 62% of people with osteoarthritis are women.

“Amongst Distribution Channels, the offline store category accounted for the majority share in the market in 2020”

Based on distribution channels, the market is classified into offline stores and online stores. Amongst distribution channels, the offline stores category accounted for a significant share of the market. As many people can’t buy their shoes online the chances of the wrong size, uncomfortableness, and availability of duplicates are some of the factors contributing to the growth of this segment.

“North America to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the orthopedic shoes market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the orthopedic shoes market industry in 2020 owing to the presence of well-established market players and the increasing prevalence of foot disease in the region

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Orthopaedic Shoes Market
2.2.Research Methodology of the Orthopaedic Shoes Market
2.3.Forecasting Method  
2.4.Respondent Profile  
2.5.Main Objective of the Orthopaedic Shoes Market Study
3MARKET SYNOPSIS 
4EXECUTIVE SUMMARY
5GLOBAL ORTHOPAEDIC SHOES MARKET COVID-19 IMPACT
6GLOBAL ORTHOPAEDIC SHOES MARKET REVENUE
7.1.Flatfoot Orthopedic Shoes
7.2.Cavus Orthopedic Shoes
7.3.Calcaneal Spur Orthopedic Shoes
7.4.Varus Orthopedic Shoes
7.5.Valgus Orthopedic Shoes
7.6.Other  
8.1.Injuries 
8.2.Alignment Issue
8.3.Foot Disorder
8.4.Others 
9.1.Men 
9.2.Women  
10.1.Offline Stores
10.2.Online Stores
11.1NORTH AMERICA ORTHOPAEDIC SHOES MARKET 
 11.1.1United States
 11.1.2Canada
 11.1.3Rest of North America
11.2EUROPE ORTHOPAEDIC SHOES MARKET 
 11.2.1Germany
 11.2.2France
 11.2.3United Kingdom
 11.2.4Spain
 11.2.5Italy
 11.2.6Rest of Europe
11.3ASIA PACIFIC ORTHOPAEDIC SHOES MARKET
 11.3.1China
 11.3.2Japan
 11.3.3India
 11.3.4Australia
 11.3.5Rest of Asia Pacific
11.4REST OF THE WORLD ORTHOPAEDIC SHOES MARKET 
12.1Market Drivers  
12.2Market Challenges 
12.3Impact Analysis 
13ORTHOPAEDIC SHOES MARKET OPPORTUNITIES
14ORTHOPAEDIC SHOES MARKET TRENDS & INSIGHTS
15LEGAL & REGULATORY FRAMEWORK
16.1Demand Side Analysis
16.2Supply Side Analysis 
17VALUE CHAIN ANALYSIS
18.1Competitive Landscape
 18.1.1Porter’s Five forces analysis
19.1.Dr. Comfort
19.2.Apex 
19.3.New Balance
19.4.Vionic 
19.5.Sole 
19.6.Duna 
19.7.Orthofeet 
19.8.Piedro 
19.9.Darco 
19.10.Drew Shoe
20DISCLAIMER

Research Methodology

Research Methodology for the Global Orthopedic Shoes Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global orthopedic shoes market were the three major steps undertaken to create and analyze the adoption of orthopedic shoes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global orthopedic shoes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the orthopedic shoes market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the orthopedic shoes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, application, end-users, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the orthopedic shoes market. Further, we conducted factor analysis using dependent and independent variables such as various types, applications, end-users, and distribution channels of digital pathology. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the orthopedic shoes market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global orthopedic shoes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of orthopedic shoes market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global orthopedic shoes market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Orthopedic Shoes Market
Orthopedic Shoes Market

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global orthopedic shoes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, end-users, and distribution channel in the global orthopedic shoes market.

The main objective of the Global Orthopedic shoes Market Study

The current & future market trends of global orthopedic shoes market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the orthopedic shoes market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, application, end-users, and distribution channel.
  • Define and analysis of the regulatory framework for the orthopedic shoes market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the orthopedic shoes market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the Orthopedic shoes market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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