Global Podiatry Services Market to Reach USD 6,072.7 Million by 2034, Driven by Rising Diabetes Prevalence | Future Market Insights, Inc.

NEWARK, Del, Nov. 20, 2024 (GLOBE NEWSWIRE) — The global podiatry services market is poised for significant growth, with projections indicating an increase from USD 4,839.6 million in 2024 to USD 6,072.7 million by 2034, reflecting a compound annual growth rate (CAGR) of 2.3% over the next decade. This growth trajectory is underpinned by the rising prevalence of diabetes and its associated complications, which have heightened the demand for specialized foot care services.

Market Dynamics:

The increasing incidence of diabetes globally has led to a surge in conditions such as neuropathy, poor circulation, and diabetic foot ulcers. These complications necessitate comprehensive podiatric care, as they significantly impact the quality of life and can lead to severe outcomes, including amputations. The Asia Pacific region is particularly affected, with alarming rates of diabetes-related amputations contributing to the urgent need for effective podiatry services.

Key Growth Drivers:

1. Rising Diabetes Rates: The growing number of diabetes cases worldwide is a primary driver for the podiatry services market. As more individuals require management for diabetes-related foot conditions, the demand for podiatric care is expected to rise.
2. Increased Awareness: There is a growing awareness of foot health and hygiene, prompting more individuals to seek specialized podiatric services.
3. Technological Advancements: Innovations in diagnostic and treatment methods are enhancing the effectiveness and accessibility of podiatric care, further stimulating market growth.

Market Outlook:

• 2023 Revenue: The revenue generated by podiatry services in 2023 was approximately USD 4,714 million.
• Projected Growth: The market is expected to grow steadily, reaching about USD 6,072.7 million by 2034.
• CAGR: The anticipated CAGR of 2.3% reflects a consistent demand for specialized foot care driven by chronic health conditions.

The podiatry services market is on a robust growth path, primarily influenced by the increasing prevalence of diabetes and associated complications. As healthcare systems continue to evolve and adapt to these challenges, the importance of specialized foot care will only become more pronounced, ensuring that podiatrists play a crucial role in managing and preventing serious foot-related health issues among patients globally.

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Which regions are seeing the fastest growth in podiatry services:

The fastest growth in podiatry services is currently being observed in the Asia Pacific region, driven primarily by the rising prevalence of diabetes and other chronic conditions.

“The global podiatry services market is set for steady growth, driven by the rising prevalence of diabetes and its complications, which necessitate specialized foot care. As awareness of foot health increases and technological advancements enhance treatment options, the demand for podiatric services is expected to expand significantly over the next decade,” – Sabyasachi Ghosh, Associate Vice President at Future Market Insights, Inc.

Key factors contributing to this rapid expansion include:

• High Incidence of Diabetes: The Asia Pacific region has a significant number of individuals affected by diabetes, particularly in countries like India and China, which are experiencing substantial increases in diabetes-related foot complications. The projected CAGR for India is around 4.8% from 2024 to 2034, while China is expected to see a CAGR of 4.5% during the same period.
• Improving Healthcare Infrastructure: Investments in healthcare infrastructure across Asia Pacific countries are enhancing access to podiatric services, thereby increasing demand. This includes better diagnostic and treatment facilities that cater to the needs of patients with foot-related issues.
• Aging Population: The growing elderly population in the region is more susceptible to foot ailments, further driving the demand for specialized podiatric care

In addition to Asia Pacific, North America, particularly the United States, continues to dominate the global podiatry services market due to its advanced healthcare system and high prevalence of chronic conditions like diabetes and arthritis. However, its growth rate is comparatively lower, with a projected CAGR of approximately 1.1% from 2024 to 2034.

Overall, while North America remains a key player in the podiatry services market, the Asia Pacific region is emerging as the fastest-growing area, highlighting a shift towards addressing chronic health issues and improving foot health awareness among populations.

Key Players of Podiatry Services Industry:

• 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 for Advanced Surgery Dubai
• Osteopoliklinik, Semeynaya Meditsinskaya Klinika
• Euromed Clinic
• Oregon Foot Clinic
• Palm Beach Podiatry
• Town Center Foot Clinic

To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/podiatry-services-market

Key Segments of the Podiatry Services Industry:

By Service:

In terms of service, the industry is divided into general podiatry, orthopedic podiatry, sports podiatry, cosmetic podiatry, podopaediatrics, wound care podiatry and others.

By Patient Demographics:

In terms of patient demographics, the industry is segregated into pediatric podiatry, adult podiatry, geriatric podiatry

By Indication:

In terms of indication, the industry is divided into diabetic foot care, sports-related injuries, structural abnormalities, fungal infections, bunions and corns, ingrown toenails and other indications.

By Service Provider:

In terms of Service providers, the industry is segregated into hospitals, podiatry clinics, and homecare & telemedicine

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA) have been covered in the report.

Dutch Translation –

De wereldwijde markt voor podotherapiediensten staat op het punt om aanzienlijk te groeien, met prognoses die een stijging van  USD 4.839,6 miljoen in 2024  naar  USD 6.072,7 miljoen in 2034 aangeven , wat een samengestelde jaarlijkse groei (CAGR) van  2,3%  in het komende decennium weerspiegelt. Deze groeitraject wordt ondersteund door de toenemende prevalentie van diabetes en de bijbehorende complicaties, die de vraag naar gespecialiseerde voetverzorgingsdiensten hebben vergroot.

Marktdynamiek:

De toenemende incidentie van diabetes wereldwijd heeft geleid tot een toename van aandoeningen zoals neuropathie, slechte bloedsomloop en diabetische voetulcera. Deze complicaties vereisen uitgebreide podotherapeutische zorg, omdat ze een aanzienlijke impact hebben op de kwaliteit van leven en kunnen leiden tot ernstige uitkomsten, waaronder amputaties. De regio Azië-Pacific wordt met name getroffen, met alarmerende aantallen diabetesgerelateerde amputaties die bijdragen aan de dringende behoefte aan effectieve podotherapeutische diensten.

Belangrijkste groeimotoren:

1. Stijgende diabetescijfers : Het groeiende aantal diabetesgevallen wereldwijd is een primaire drijfveer voor de markt voor podotherapie. Omdat meer mensen behandeling nodig hebben voor diabetesgerelateerde voetaandoeningen, zal de vraag naar podotherapie naar verwachting toenemen.
2. Toenemende bewustwording : Er is een groeiend bewustzijn van voetgezondheid en -hygiëne, waardoor meer mensen gespecialiseerde podotherapeutische diensten zoeken.
3. Technologische vooruitgang : Innovaties in diagnostische en behandelmethoden verbeteren de effectiviteit en toegankelijkheid van podotherapeutische zorg, wat de marktgroei verder stimuleert.

Marktvooruitzichten:

• Omzet 2023 : De omzet gegenereerd door podotherapiediensten bedroeg in 2023 ongeveer  4.714 miljoen USD .
• Verwachte groei : De markt zal naar verwachting gestaag groeien en  tegen 2034 een omzet van ongeveer 6.072,7 miljoen dollar bereiken .
• CAGR : De verwachte CAGR van  2,3%  weerspiegelt een aanhoudende vraag naar gespecialiseerde voetverzorging als gevolg van chronische gezondheidsproblemen.

De markt voor podotherapiediensten is op een robuust groeipad, voornamelijk beïnvloed door de toenemende prevalentie van diabetes en bijbehorende complicaties. Naarmate zorgsystemen zich blijven ontwikkelen en aanpassen aan deze uitdagingen, zal het belang van gespecialiseerde voetzorg alleen maar groter worden, waardoor podotherapeuten een cruciale rol spelen bij het behandelen en voorkomen van ernstige voetgerelateerde gezondheidsproblemen bij patiënten wereldwijd.

In welke regio’s groeit podotherapie het snelst?

De snelste groei in podotherapiediensten wordt momenteel waargenomen in de  regio Azië-Pacific  , voornamelijk als gevolg van de toenemende prevalentie van diabetes en andere chronische aandoeningen.

“De wereldwijde markt voor podotherapiediensten zal naar verwachting gestaag groeien, gedreven door de toenemende prevalentie van diabetes en de complicaties ervan, die gespecialiseerde voetverzorging vereisen. Naarmate het bewustzijn van voetgezondheid toeneemt en technologische vooruitgang de behandelingsopties verbetert, zal de vraag naar podotherapiediensten naar verwachting de komende tien jaar aanzienlijk toenemen,” – Sabyasachi Ghosh , Associate Vice President bij Future Market Insights, Inc.

Belangrijke factoren die bijdragen aan deze snelle expansie zijn:

• Hoge incidentie van diabetes : De regio Azië-Pacific heeft een aanzienlijk aantal personen die lijden aan diabetes, met name in landen als  India  en  China , die een aanzienlijke toename van diabetesgerelateerde voetcomplicaties ervaren. De geprojecteerde CAGR voor India is ongeveer  4,8% van 2024 tot 2034, terwijl China naar verwachting een CAGR van 4,5%  zal zien   in dezelfde periode.
• Verbetering van de infrastructuur voor gezondheidszorg : Investeringen in de infrastructuur voor gezondheidszorg in landen in de regio Azië-Pacific verbeteren de toegang tot podotherapeutische diensten, waardoor de vraag toeneemt. Dit omvat betere diagnostische en behandelfaciliteiten die inspelen op de behoeften van patiënten met voetgerelateerde problemen.
• Vergrijzing van de bevolking : de groeiende oudere bevolking in de regio is vatbaarder voor voetaandoeningen, waardoor de vraag naar gespecialiseerde podotherapeutische zorg verder toeneemt.

Naast Azië-Pacific  blijft Noord-Amerika , met name de  Verenigde Staten , de wereldwijde markt voor podotherapie domineren vanwege het geavanceerde zorgsysteem en de hoge prevalentie van chronische aandoeningen zoals diabetes en artritis. De groeivoet is echter relatief lager, met een verwachte CAGR van ongeveer  1,1%  van 2024 tot 2034.

Noord-Amerika blijft weliswaar een belangrijke speler op de markt voor podotherapie, maar de regio Azië-Pacific ontwikkelt zich tot het snelst groeiende gebied. Dit onderstreept een verschuiving naar het aanpakken van chronische gezondheidsproblemen en het verbeteren van het bewustzijn over voetgezondheid onder de bevolking.

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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