The Global Market for Foot Care Products is Projected to Reach US$3.8 Billion by 2022

Consumer Emphasis on Quality of Life & the Ensuing Focus on Preventive Foot Health Drives the Market for Foot Care Products, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Foot Care Products market. The global market for Foot Care Products is projected to reach US$3.8 billion by 2022, driven by the aging population, high prevalence of diabetes, and growing awareness over the importance and interrelationship of foot and body mechanics that influence mobility, body posture, gait and balance.

Foot diseases or other abnormal conditions of the foot are common and yet represent one of the most ignored ailments. Prolonged exposure to pressures and its distance from the body’s central circulation makes foot susceptible to myriad conditions. Often ignored due to their benign nature in most cases, foot diseases if untreated can become serious and affect patient mobility. Foot ailments are often signs of underlying systemic disorders such as end-stage peripheral arterial disease, advanced arterial ischemia, deep venous thrombosis, psoriatic arthritis, Hepatitis C, among others. Foot hygiene, lifestyle, habits, posture and even the type of footwear worn can cause several foot disorders. The market for foot care products comprises several foot care medication and devices that offer acute and long-term care for preventing occurrence of various foot disorders or for treating conditions that have already manifested. Aging leads to foot diseases such as pain, warts and calluses. Besides, lifestyle-led conditions such as obesity and diabetes lead to several foot diseases such as diabetic foot infections and ulcers. Increasing shift towards preventive care, in a bid to avoid growing healthcare costs and debilitating foot amputations in late-stage diabetic foot infections, is driving demand for preventive foot care. Awareness of several foot conditions is also on the rise, driving focus on foot health and hygiene, driving the market for products that aid in maintaining foot health. Lower awareness in some markets, tough economic conditions and dearth of effective products are some of the factors restraining growth in the market.

Foot care medication and foot care devices are expected to witness sizable growth. Innovation and promotional support from manufacturers are driving awareness of these products across several markets worldwide. Women form a major market for foot care products, as many of the foot ailments are known to affect women more than men. Consequently, manufacturers’ continue to launch products targeting foot care needs of women, although there is a growing focus on launching products targeting men. Product innovations are key to drive growth in the market, and several segments such as foot insoles or orthotics and foot antifungals continue to witness significant advancements, driving their effectiveness and adoption. Another area of growth in the market is increasing online presence of foot care products vendors. Driven by the growing tech-savvy population worldwide, online retailing of foot care products is witnessing sizable growth.

As stated by the new market research report on Foot Care Products, the United States represents the largest market worldwide supported by societal aging and rising geriatric health spending. Asia-Pacific is projected spearhead future growth in the market with a CAGR of 5.1% over the analysis period led by factors such as growing emphasis of the educated middle class population on maintaining healthy feet that compliment high fashion footwear and the ensuing demand for cosmetic foot care solutions; rising incidence of foot infections such as Scytalidium and dermatophytes due to improper hygiene standards; and rise in the number of patients with peripheral vascular diseases, neuropathy, hypothyroidism, and diabetes and obesity that increase the risk of foot disorders.

Major players covered in the report include Aetna Felt Corporation, Aetrex Worldwide, Inc., Alva-Amco Pharmacal Companies, Inc., Bayer AG, Blistex Inc., Chattem, Inc., Footcare Express Inc., GlaxoSmithKline Plc., HoMedics, Inc., Implus Corporation, Johnson & Johnson, Miracle of Aloe, Pacific World Corporation, PediFix, Inc., ProFoot, Inc., RG Barry Corporation, Spenco Medical Corporation, Tweezerman International LLC and Xenna Corporation among others. 

The research report titled “Foot Care Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Foot Care Products in terms of US$ for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the global market for Foot Care Products by the product segments: Foot Care Devices and Foot Care Medication.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.