Podiatry Services Market Players: Kaiser Permanente, The Royal Free Hospital, Fortis Healthcare, And Schoen Clinic

 Podiatry Services Industry Overview

The global podiatry services market size is expected to reach USD 5.0 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.9% from 2021 to 2028. The growing prevalence of diabetes and the growing geriatric population is expected to drive the growth of the market over the forecast period from 2021 to 2028. In addition, the rising awareness regarding foot health care, especially among athletes, is further fueling the market growth.

 

The associations promoting podiatric medicine services such as The International Federation of Podiatrists, the largest podiatry organization with 28 member countries associated, work together to encourage, educate, and support the podiatrists by creating awareness concerning the services. Furthermore, the inclusion of medical services in healthcare insurance and government initiatives concerning primary care are supporting factors for awareness and adoption of the services.

The market being fragmented in nature; relies on solo practices as the basic model of practice with the majority of the specialists working through clinics. However, with rising inclination towards group-based approach such as the Multidisciplinary Team (MDT) approach to provide patients with integrated and comprehensive care is further propelling the demand for hospitals and outpatient departments.

The Covid-19 pandemic is continuing to have a significant impact on the healthcare industry. Podiatrists are playing a critical role during this pandemic, especially in the prevention of diabetic and vascular foot ulceration and related hospital admissions. However, this pandemic has further given a boost to telemedicine/teleconsultation services. Teleconsultation has helped healthcare professionals to approach their patients with immediate and comprehensive knowledge and better wound assessment skills.


Podiatry Services Market Segmentation

Grand View Research has segmented the global podiatry services market based on type, facility, and region:

Based on the Type Insights, the market is segmented into General Podiatry, Podiatry Surgery, Sports Podiatry, and Podopediatrics.

  • 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.

 

  • 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.

 

Based on the Facility Insights, the market is segmented into Hospitals & Outpatient departments, Podiatry Office / Clinics, and Homecare & Telemedicine.

  • 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. 

 

  • 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.

 

Podiatry Services Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies & Market Share Insights

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

 

Order a free sample PDF of the Podiatry Services Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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