The Global Market for Foot Care Products is Projected to Reach US$4 Billion by 2024

Growing Focus on Aesthetics and Health Drive Foot Care Products Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Foot Care Products market. The global market for Foot Care Products is projected to reach US$4 billion by 2024, driven by aging population, rising incidence of diabetes, and emergence of innovative and effective products.

Foot is a simple-looking yet complex structure of the human body, and is susceptible to myriad morbidities is due to its prolonged exposure to pressures and its distance from the body’s central circulation. While some of the foot disorders are relatively less complex and can be treated using simple medication, others are serious conditions that warrant better care and medication to prevent further damage and disability. Individual’s lifestyle and foot care habits along with posture and even the type of footwear primarily determine the incidence and prevalence of foot disorders and diseases. However, certain conditions such as diabetic foot infections are more common in countries with high prevalence of diabetes. Aging population, altering lifestyles and fashion trends, rising obesity levels, rising incidence and prevalence of diabetes and circulatory diseases, and growing awareness of better hygiene and aesthetics are the major factors driving market growth.

Foot Care Products market entails several foot care medication and foot care devices that offer acute and long-term care for preventing occurrence of various foot disorders or for treating conditions that have already manifested. These include arch supports, insoles & inserts as well as pedicure kits among others; and medication such as topical antimicrobials. Product innovations represent another major market driver. With the market inundated with general foot care products in the form of lotions, gels and creams, there is a growing emphasis on developing innovative products with superior beneficial effects that also provide them the required differentiation from competition. Foot Care Devices such as Electronic Foot – an exfoliator, Foot Mousse - a specialized mousse, smart foot insoles, Gel Heel Socks and diabetic socks are notable innovations promising to drive adoption.  Growing incidence of foot infections along with launch of several new products are driving demand for foot care medication.

As stated by the new market research report on Foot Care Products, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market worldwide, with a CAGR of 5.4% through the analysis period. A large and growing population of the elderly, growing incidence of chronic conditions such as diabetes and obesity, increasing incomes, rising awareness of foot problems, and growing access to healthcare and healthcare products are major factors driving demand for foot care products in the region. Growing elderly population, their susceptibility to injuries and foot conditions such as corns, calluses and pain, and rising diabetic population is a major factor driving market for foot care products in the US, the single largest market for foot care products worldwide.

Major players in the market 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 LLC, 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 value terms 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. Product segments analyzed include Foot Care Devices and Foot Care Medication.

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