U.S. Medical Footwear Market Size, Share & Trends Analysis Report By End-use (Men, Women), By Distribution Channel (Offline, Online), And Segment Forecasts, 2023 - 2030

The U.S. medical footwear market size was estimated to reach USD 1,108.9 million in 2030 and is anticipated to expand at a CAGR of 8.8% from 2023 to 2030. With increasing incidences of foot-related accidents and chronic conditions, there has been growing awareness among the general population of the country regarding the usage of medical footwear. The middle-aged and geriatric population groups, which are more prone to diabetes, arthritis, and heel spurs have been at the forefront of adopting medical footwear as a viable mode of treatment and therapy. The increasing geriatric population has been a key driving factor for the medical footwear market in the U.S.

Aging causes numerous orthopedic conditions, such as late-onset rheumatoid arthritis, osteoporosis, and osteoarthritis. With low population growth, the population in the country has been aging and as a result, the geriatric population in the U.S. has been growing at a higher rate than the age groups of 0 to 18 years and 18 to 64 years. As the geriatric population base continues to grow, the prevalence of age-related orthopedic conditions is slated to rise. This will spur the demand for medical footwear among this demographic group over the forecast period. The men segment dominated the market and held the major revenue share in 2022. Medical footwear is designed to provide maximum comfort and support, which is especially important for people who spend long hours standing or walking.

Many men who work in healthcare or other professions that require standing or walking for extended periods find that medical footwear helps reduce fatigue and prevent foot pain. Moreover, it can help prevent and alleviate a variety of foot problems, such as plantar fasciitis, bunions, and heel spurs. It can also help improve posture and reduce back pain. All these factors contribute to the segment growth. Proper fit is crucial for medical footwear to provide the necessary support and comfort. Many people prefer to try on shoes in person to ensure a good fit, rather than relying on online size charts and descriptions. Medical footwear can be complex and may require the expertise of a specialist to find the right shoe for a specific foot condition or work environment.

Offline retailers can provide guidance and advice based on their experience and knowledge of the products they carry. In addition, medical footwear may require customization, such as orthotic inserts or modifications for specific foot conditions. These customizations are often best done in-person, with the help of a specialist. Such factors are propelling the product sales through offline distribution channels. Various steps are being undertaken by these companies including partnerships, mergers & acquisitions, global expansion, and others to gain a higher share of the industry.

U.S. Medical Footwear Market Report Highlights

• The women end-use segment is expected to grow at the fastest CAGR over the forecast period
• Increasing awareness regarding the importance of taking care of the feet, both for overall health and to prevent foot problems, among women is a key factor contributing to the segment’s rapid growth
• The online distribution channel segment is estimated to grow with the highest CAGR over the forecast period
• The segment's expansion is driven by various benefits offered by online shopping portals, such as convenience, availability of a wide range of products, easy returns & exchanges, and lower pricing of products

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