According to a new report published by UnivDatos Markets Insights the Orthopaedic Shoes Market is expected to grow at a CAGR of around 5% from 2021-2027. The analysis has been segmented into 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); Region/Country.
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The orthopedic shoes market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the orthopedic shoes market. The orthopedic shoes market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the orthopedic shoes market at the global and regional levels.
Market Overview
The demand for orthopedic shoes has been increasing rapidly all over the globe due to the rise in demand for superior quality shoes along with product innovation and premiumization in various countries across the globe. For example, In August 2021, Skechers, an American lifestyle and performance Footwear Company, launched the sixth iteration of its widely successful walking shoes, GO WALK 6 in India. The GO WALK 6 collection features a lightweight ULTRA GO cushioning midsole and high-rebound Hyper Pillar Technology for added support. Furthermore, the rising awareness among people regarding an active and healthy lifestyle is fueling the demand for orthotic footwear which boosts the orthopedic shoe market. In addition, the robust rise in diabetic shoes driving the orthopedic shoes market growth.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic has adversely affected several industries, including the shoe market. Due to pandemics, the decline in consumer demand for athletic footwear was noted by brands like Adidas, Nike, and Puma, among others, as consumers reduced or delayed discretionary spending owing to a rise in unemployment rates and diminished consumer confidence.
The global orthopedic shoes market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on end-users, the market is classified into men and women. Amongst these, 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.
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 in the market. As many people can’t buy their shoes online for the chances of the wrong size, uncomfortableness, and various other factors that are contributing to the growth of the market.
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Orthopedic shoes Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
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 (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. Geographically, the APAC region dominated the orthopedic shoes market owing to the presence of well-established market players and the increasing prevalence of foot disease in the region.
The major players targeting the market include
· Dr. Comfort
· Apex
· New Balance
· Vionic
· Sole
· Duna
· Orthofeet
· Piedro
· Darco
· Drew Shoe
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the orthopedic shoes market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the orthopedic shoes market?
• Which factors are influencing the orthopedic shoes market over the forecast period?
• What are the global challenges, threats, and risks in the orthopedic shoes market?
• Which factors are propelling and restraining the orthopedic shoes market?
• What are the demanding global regions of the orthopedic shoes market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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