Podiatry Market Global Market Insights As Per TBRC’s Latest Report
Added: (Thu Jan 03 2019)
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The podiatry services market comprises services offered by podiatrists (or other physicians) for the diagnosis and treatment of foot treatment such as diabetic foot ulcers, foot infections, corns and calluses, bunions and other foot problems. Podiatry services do not include foot and ankle joint replacement procedures.
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The global podiatry services market grew from $18,000 million in 2013 to around $19,000 million in 2017 at a compound annual growth rate (CAGR) of nearly 1.5%. It is expected to grow at a CAGR of 2.5% by 2021. Growth of the market will be driven by increasing geriatric population, rising prevalence of chronic diseases such as diabetes, arthritis and cardiovascular diseases, and increasing awareness about the importance of routine foot health and care.
Podiatry Services are segmented into general podiatry, podiatric surgery, sports medicine and podopaediatrics. General Podiatry was the largest segment in the podiatry services market in 2017, accounting for around 60% of the market. This was because the services under this segment cater to the most prevalent therapeutic conditions of podiatric patients. General foot ailments such as diabetic foot, corns and calluses, nail infections and other general foot disorders come under this segment. Customized footwear advice also forms a part of this service.
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Diabetes was the largest segment by treatment condition in the podiatry services market in 2017, accounting for around 44% of the market. This can be attributed to the high prevalence of diabetic foot ulcers due to the large diabetes patient pool and increasing awareness of and screening for diabetic foot problems across all regions.
Companies included in the report are National Health Service, Kaiser Permanente, UPMC, and Mayo Clinic.
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