The global podiatry services market size was valued at USD 4.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 1.9% from 2021 to 2028. The higher income at disposal, preventive approach, and rising awareness regarding foot care are the factors fueling the market growth. The technological advancement and skilled resources, along with the efforts by podiatry associations to raise the adoption and support the practitioners have added to the awareness regarding the services.
The growing prevalence of foot problems especially in diabetic and geriatric population which is around 6.3% and 24.0% respectively, and the growing awareness and preventive approach in children’s foot problem are contributing to market growth. Furthermore, the adoption of specific sports foot and ankle services by sportsperson for the management of foot and ankle injuries depicts the market potential for podiatry services in the field of sports.
The podiatry profession is fragmented in nature, mostly dominated by the solo practice model. However, the efforts by podiatry associations have helped the practitioners grow, stay updated, and connected. Lately, more group practices are emerging considering the adoption of the Multidisciplinary Team (MDT) approach to provide comprehensive care by relevant specialists further leading to growth in the availability of podiatry services in hospitals and large healthcare clinics.
The government initiatives such as the inclusion of podiatry services in healthcare insurance, initiatives towards primary care of diabetes, obesity, and chronic diseases further supports the market awareness and adoption. The organizations providing these services such as hospitals and clinics are investing further to promote awareness among patients to improve the reach and availability of the services for the larger population.
The ongoing Covid-19 pandemic has significantly affected the healthcare industry, including podiatric specialists. During the initial phase of the pandemic, only the classified essential healthcare services were allowed to operate and podiatry services were excluded from the essential services. However, they were later re-classified as essential. The healthcare providers including hospitals and clinics have modified some of the regulatory requirements to provide flexibility to podiatrists whose practices were affected during pandemic restrictions. Podiatrists are playing a critical role during this pandemic, especially in the prevention of diabetic and vascular foot ulceration and related hospital admissions as these cases are adding pressure to ICU capacity.
The general podiatry segment dominated the podiatry services market and accounted for the largest revenue share of 44.9% in 2020 owing to the rising prevalence of diabetic foot disorders. Therefore, the rising geriatric population, growing prevalence of diabetes and foot diseases, and rising incidence of injuries are further propelling the growth of the market. On the other hand, the sports podiatry segment is expected to be the fastest-growing segment in the coming years owing to the rising number of people engaged in recreational or professional sports and the higher probability of foot and ankle injuries.
The podiatry offices/clinics segment dominated the market and accounted for the largest revenue share of 49.1% in 2020. However, the hospital and outpatient departments segment is anticipated to be the fastest-growing segment over the forecast period owing to the growing demand for these services resulting in the progression towards employment of podiatry physicians with larger hospital-based systems.
Furthermore, home care and telemedicine services are majorly availed by elderly care owing to the difficulty in movement and for post-surgery care. Besides, the current pandemic situation has added to the growth of telemedicine in podiatry services.
In 2020, North America dominated the market and accounted for the largest revenue share of 41.8% pertaining to the availability of skilled resources, technological advancements, rise in higher disposable incomes, and preventive approach concerning foot healthcare. The Multidisciplinary Team (MDT) approach and efforts by The International Federation of Podiatrists in 28 member countries to create awareness and adoption had further added to the growth of the market. In addition, some of the healthcare organizations have increased investments to improve their outreach in various geographic locations.
For instance, Kaiser Permanente announced an investment of USD 1.0 billion to expand the reach within the U.S., by opening new centers and through acquisition to serve podiatry services, among many other services. Asia Pacific, on the other hand, is expected to witness the fastest growth over the forecast period from 2021 to 2028 owing to the gradual rise in foot care awareness and adoption of podiatry services in the region.
The market is growing gradually and comprises services and treatments concerning foot and ankle diseases, deformities, and injuries. The adoption of the MDT approach to provide integrated and comprehensive treatment to patients has propelled the adoption of podiatry services in hospitals. In addition, the efforts by the podiatry association to create awareness and existing hospitals and clinics working on expanding the reach and availability of the services is further supported the market growth and awareness. The market share for these services grows in parallel to the growth in diabetic, obese, and geriatric populations as these particular groups suffer majorly from foot problems.
Furthermore, the sports segment has seen visible growth as people engaged in recreational or professional sports have a higher probability of foot injury. For instance, over a football season, 15% to 45% incidence are recorded of ankle sprains, making it one of the most common sports injuries. In addition, sports podiatry is largely preferred by athletes and performers indulged in physical activity for training and preventing injury before any major event. Some of the prominent players in the podiatry services market include:
Massachusetts General Hospital
Kaiser Permanente
The London Podiatry Center
The Royal Free Hospital
Fortis Healthcare
Beijing Puhua International Hospital
Schoen Clinic
Report Attribute |
Details |
Market size value in 2021 |
USD 4.4 Billion |
Revenue forecast in 2028 |
USD 5.0 Billion |
Growth rate |
CAGR of 1.9% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2016 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Revenue in USD Million and CAGR from 2021 to 2028 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors & trends |
Segments covered |
Type, facility, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Australia; Brazil; Mexico; South Africa |
Key companies profiled |
Massachusetts General Hospital; Kaiser Permanente; The London Podiatry Center; The Royal Free Hospital; Fortis Healthcare; Beijing Puhua International Hospital; Schoen Clinic |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global podiatry services market report based on type, facility, and region:
Type Outlook (Revenue, USD Million, 2016 - 2028)
General Podiatry
Podiatry Surgery
Sports Podiatry
Podopediatrics
Facility Outlook (Revenue, USD Million, 2016 - 2028)
Hospitals & Outpatient departments
Podiatry Office / Clinics
Homecare & Telemedicine
Regional Outlook (Revenue, USD Million, 2016 - 2028)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
China
India
Australia
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
b. The podiatry offices/clinics segment dominated the podiatry services market and accounted for the largest revenue share of 49.1% in 2020.
b. In 2020, North America dominated the podiatry services market and accounted for the largest revenue share of 41.8%.
b. The global podiatry services market size was estimated at USD 4.3 billion in 2020 and is expected to reach USD 4.4 billion in 2021.
b. The global podiatry services market is expected to grow at a compound annual growth rate of 1.9% from 2021 to 2028 to reach USD 5.0 billion by 2028.
b. The general podiatry segment dominated the podiatry services market and accounted for the largest revenue share of 44.9% in 2020.
b. Some of the renowned hospitals & clinics in the podiatry services market are Massachusetts General Hospital, Kaiser Permanente, The London Podiatry Center, The Royal Free Hospital, Fortis Healthcare, Beijing Puhua International Hospital, and Schoen Clinic, among many others.
b. Key factors that are driving the podiatry services market growth include the growing prevalence of foot problems especially in diabetic and geriatric population which is around 6.3% and 24% respectively, and the growing awareness and preventive approach in children’s foot problem.
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