Podiatry is a field of medical science, which engages in diagnosis, prevention, and treatment of a range of ankle & foot diseases, injuries, and defects.
Podiatry Equipment Market: Introduction
- Podiatry is a field of medical science, which engages in diagnosis, prevention, and treatment of a range of ankle & foot diseases, injuries, and defects. Podiatrists are specialized health professionals trained to diagnose and treat abnormal ankle, foot, and lower leg diseases. Podiatry conditions are primarily caused by underlying medical conditions such as diabetes and arthritis.
- Podiatrists are specialists involved in the treatment of conditions related to the feet, ankle, and lower limbs such as ulcers, nerve damages, and sports injuries. Podiatry instruments are used in the treatment of podiatry conditions.
- Various types of devices and systems such as podoscopes, nippers, forceps, nail files & dressers, scissors, podiatry chairs, lasers, kits & instruments, podiatric drills, and podiatry lights are used in the diagnosis and treatment of foot disorders, diseases, and injuries.
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Key Drivers, Restraints, and Opportunities of Podiatry Equipment Market
- Rise in prevalence of podiatry conditions such as foot & ankle disorders and diabetes, increase in geriatric population, rise in obesity are the major factors boosting the growth of the global podiatry equipment market. Increase in incidence of Achilles tendonitis, ankle pain, claw, and toe among the geriatric population is projected to drive the global podiatry equipment market in the next few years.
- Well-established health care facilities, rise in demand for preventive health care, new product development, and easy access to treatment of podiatry diseases are factors anticipated to propel the global market during the forecast period. Availability of diagnostic tools for podiatry conditions is a major factor driving the global market. Demand for podoscopes and 3D scanners for diagnosis of orthopedic ailments are expected to propel the global podiatry equipment market during the forecast period.
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North America to Dominate Global Podiatry Equipment Market
- North America dominated the global podiatry equipment market in 2020, followed by Europe. According to research, 19% of the population of the U.S. on average suffers from 1.4-foot problems every year. Around 60% of the foot & ankle injuries reported in the population aged over 17 are sprains and strains of the ankle.
- An estimated 15,000 podiatrists practice in the U.S. Moreover, heel pain is the most common foot aliment among the population of the U.S., with around 43% experiencing the condition. Pain in feet balls accounted for 35%, nail problems constituted 33%, and feet odor accounted for 32% foot ailments in the U.S. in 2019.
- According to the National Diabetes Statistics Report, increase in patients suffering from diabetes is likely to contribute to rise in podiatry conditions in the U.S. in the next few years. In 2019, the prevalence of diabetes in the U.S. was estimated at 34.2 million across all ages. Presence of key players in the country offering a range of podiatry instruments and systems is another factor propelling the market in the region.
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- Europe is another prominent market for podiatry equipment, followed by Asia Pacific. Increase in number of podiatrists in countries in Europe dealing with various foot and ankle disorders are likely to drive the demand for podiatry instruments during the forecast period. Technological advancements, development of podiatry devices & systems, and favorable reimbursement policies are projected to augment the podiatry equipment market in Europe during the forecast period.
Key Players in Global Podiatry Equipment Market
- BR Surgical
- Sklar Instruments
- Algeos
- Henry Schein
- FAS Healthcare Ltd.
- NAMROL GROUP
- Vismara S.r.l
- Capron Podologie
- Mariotti & C. srl
- CHINESPORT S.p.a
- Sensor Medica
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