The global sales of podiatry services are estimated to be worth USD 4,839.6 million in 2024 and are anticipated to reach a value of USD 6,072.7 million by 2034. Sales are projected to rise at a CAGR of 2.3% over the forecast period between 2024 and 2034. The revenue generated by podiatry services in 2023 was USD 4,714.0 million.
The podiatry services sector is facing substantial growth from the increasing rate of diabetes, leading to great need for proper care of feet, specifically those of individuals with diabetes that may also tend to suffer from neuropathy, poor circulation and foot ulcers among others.
Diabetes and associated complications like diabetic foot ulcers have become more widespread globally over time hence resulting into increased rates of deaths through amputations caused by leg tissues among people living in Asia Pacific countries.
537 million persons worldwide had diabetes in 2021, and estimated to exceed USD 700 million by 2045, according to the International Diabetes Federation (IDF). It is estimated that one out of every three adults with diabetes may experience a DFU in his/her lifetime.
Global Podiatry Services Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 4,714.6 million |
| Estimated Size, 2024 | USD 4,839.6 million |
| Projected Size, 2034 | USD 6,072.7 million |
| Value-based CAGR (2024 to 2034) | 2.3% |
Peripheral neuropathy is a disease that causes a loss of sensation in the foot and related foot injuries that may not have signs to warn the patient. Patients with type 1 and 2 of diabetes may also have symptoms of poorly delectable circulatory deficits that may also cause delayed wound healing potentially increasing chance of infection and ulceration than comparable persons without diabetes.
Podiatrists evaluate the patient's feet on any diabetic patients routinely for evidence of both peripheral neuropathy and issues associated with a vascular that can be managed more actively to prevent diabetic foot complications.
The podiatric service area provides clinics aimed for diabetic patients focused phenotype diabetic foot care. The clinics have focused on prevention of foot ulceration and/or amputations for patients, self-care education, and managing the selection of proper footwear. Podiatrists working foot clinics for diabetic foot care often collaborate with other allied health professionals, including endocrinologists and vascular surgeon to address their care needs.
The growing use of telemedicine in podiatry is another factor to take into account. This technology enables patients with transportation issues and other challenges that could make in-person appointments difficult to attend to receive virtual consultations and follow-ups.
Clinical practices that aim to harmonize evidence-based procedures and ongoing professional development with mainstream priorities demonstrate the field of podiatry's ongoing expansion. Patients may be confident that they are receiving the finest possible care suited to their unique needs and symptoms.
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The table below compares the compound annual growth rate (CAGR) for the global podiatry services market from 2023 to 2024 during the first half of the year. This overview highlights key changes and trends in revenue growth, offering valuable insights into market dynamics.
H1 covers January to June, while H2 spans July to December. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 3.0%, followed by a slightly lower growth rate of 2.7% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1 | 3.0% (2023 to 2033) |
| H2 | 2.7% (2023 to 2033) |
| H1 | 2.3% (2024 to 2034) |
| H2 | 1.8% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 2.3% in the first half and projected to lower at 1.8% in the second half. In the first half (H1) the market witnessed a decrease of 70 BPS while in the second half (H2), the market witnessed a decrease of 90 BPS.
Increased Sports-Related Injuries Driving the Podiatry Services Market
The increase in sport-related injuries is a significant driving force for market growth in podiatry services. A considerable number of injuries related to the foot and ankle, which affect athletes such as professionals or amateurs athletes are effectively treated through podiatry.
In the light of this, the injuries have increased due to an increase in participation in recreational sports, competitive sports as well as the intense training and therefore there is a growing need for podiatry services.
Podiatrists greatly contribute to diagnosing injuries, treating injuries and preventing future injuries with surgical and non-surgical procedures. Podiatrists also provide rehabilitation resources such as orthotics and custom footwear to optimize foot health and ultimately create performance relieve future injury.
As a result, sports medicine clinics routinely collaborate with podiatrists to provide preventative avenues of care and rehabilitative treatment.
A growing awareness of fitness and sports activities across the globe, including running, football, basketball, and other athletic activities deemed "high impact," continues to provide increasing demand for the podiatry services market. Engagement in recreational and professional sports, continue to drive consumers to require podiatry services while highlighting the importance of foot health, injury prevention, and overall performance.
Rise of Specialized Clinics and Centers Opens a New Window of Opportunity
The podiatrist industry is experiencing a significant trend toward the establishment of clinics and centers that specialize in the areas, issues, and practices that relate to foot health. Thus, these newer facilities provide more than traditional podiatric services, offering specific services with unique competencies to meet the treatment needs of distinct populations of patients.
Foot care clinics reduce the incidence of ulcers, infections, and other foot concerns by providing specialized treatment to a population that experiences foot difficulties frequently. They also emphasize early intervention and prevention. These clinics have a major impact on lowering the prevalence of complex foot problems.
Pediatric podiatry clinics provide specialist therapy for developmental disorders, abnormalities of gait, and congenital foot issues to address the unique needs of children. Early treatment of foot conditions in young children can be beneficial, and these clinics provide pediatric podiatry treatments from professionals who specialize in the field.
Specialized clinics and centers represent a shift from general podiatric services toward more patient-specific care. These facilities offer tailored treatments for particular populations or conditions, enhancing the overall understanding and delivery of podiatric care. By focusing on specialized, comprehensive services, both healthcare providers and patients benefit from more effective and targeted foot health solutions.
Growing Incidence of Foot and Ankle Injuries Aiding in the Market Growth
The growing incidence of both foot and ankle injuries due to sports injuries, accidents, or chronic conditions derived from repetitive mechanisms represents a major potential propellant in the podiatry services category. These injuries can range from sprains and fractures to ligament tears and conditions that arise from overuse. Due to the specific anatomical features of the foot and ankle, the care of foot and ankle injuries often warrants specific treatment.
Ankle sprains, stress fractures, and Achilles tendonitis are frequent sports injuries that lead individuals to seek podiatric treatment. Sports podiatrists offer athletes not only therapeutic care but also customized treatment plans to aid in their recovery and ensure they are better equipped for future athletic challenges.
In addition to patients injuries are common among patients who have occupations or perform activities of high-impact and/or prolonged standing. Common examples of overuse injuries that may require expert care include plantar fasciitis and stress fractures.
A major factor driving the rise in the number of foot and ankle injuries that podiatrists can treat in an acute or chronic environment is the proliferation of clinics and rehabilitation settings that cater to the growing need for specialized treatment in the podiatry services industry.
The provision of modern diagnoses, treatment choices, and rehabilitative services tailored to the contemporary complications of foot and ankle injuries and their rehabilitative process is made possible by the developing landscape of specialized clinics, rehabilitation, and rehabilitation paradigms.
The shortage of podiatrists has emerged as a significant challenge in the podiatry services market
The insufficient number of podiatric practitioners has emerged on the scene as a significant impediment to the overall growth of the podiatry services market, especially in light of the increased diabetes and diabetic complication rates. In terms of diagnosis and treatment of foot-related ailments, podiatrists are essential to patients receiving appropriate care.
In areas with high diabetes prevalence such as Asia-Pacific and North America, the demand for qualified podiatrists exceeds the pool of available practitioners.
This is causing several complications for patients, including longer wait times for appointments, delayed diagnosis, and poor management of foot conditions such as diabetic foot ulcers (DFUs) that need to be addressed, as patients can easily experience adverse effects, including infection, complications, and limb amputations.
This shortage also has a tangible economic impact because it reduces healthcare facilities’ ability to provide patients with complete podiatry services, especially in rural areas and areas of health disparity. The market for podiatry services becomes limited, as the current workforce will not be able to meet the ever-increasing demand resulting in a delay through care expansion.
The outstanding deficit in the workforce is expected to position podiatric patients, especially those at risk with diabetes, to have even worse health-related outcomes resulting in a decrease in quality and access to service in podiatry and the health market overall.
Increasing the number of podiatrists may alleviate some of the impact in overburdened healthcare systems, as general practitioners and other specialists do not always have the level of knowledge to manage more complicated foot conditions. Thus, patients may no longer receive appropriate treatment, worsening conditions and increasing healthcare costs associated with more complicated health conditions.
Principal Consultant
The global podiatry services industry recorded a CAGR of 1.8% during the historical period between 2019 and 2023. The growth of podiatry services diagnostics industry was positive as it reached a value of USD 6,072.7 million in 2034 from USD 4,839.6 million in 2024.
In the recent years, the podiatry services market has shown remarkable changes because of the increasing rates of foot problems among elderly persons. An increase in aging population has been associated with more complex and widespread incidents of foot ailments notably, which are associated with diabetes, obesity or arthritis thus necessitating more active involvement of podiatry specialists.
They have raised awareness on the importance of keeping feet healthy, providing alternative methods to treat various feet complications.
In addition to awareness and availability, advances in technology have undoubtedly affected the evolution of the podiatry services market. Technological advances have introduced new modalities by staff, combining treatment methods including laser therapies for fungal infections, 3D printed orthotics, minimally invasive surgical procedures, etc.
Advancements in technology have also facilitated the introduction of consultative therapies, or virtually assisted treatments, digitally and with telemedicine, which allow podiatrists to provide more updated consultations regarding problems associated with the foot and ankle remotely. This has particularly been necessary as society navigates the post-pandemic stage in healthcare.
The number of specialized podiatry clinics and services treating foot problems for general and sports-related foot problems has increased in the market. Increased participation in sports and fitness activities resulted in the additional need for podiatric care for injuries, further stimulating the market.
In addition, increased healthcare expenditures and better access to podiatry services in developing countries have contributed to expanding the market.
The section below covers the industry analysis for the podiatry services market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Europe, and others, is provided. The United States is anticipated to remain at the forefront in North America, with a value share of 86.7% through 2034. In Asia Pacific, India is projected to witness a CAGR of 4.8% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Türkiye | 4.9% |
| India | 4.8% |
| ASEAN Countries | 4.5% |
| China | 4.5% |
| Saudi Arabia | 4.4% |
| South Korea | 4.2% |
The USA dominates the global market with a 31.5% market share in 2023. The USA is expected to exhibit a CAGR of 1.1% throughout the forecast period (2024 to 2034).
The podiatry services market in the United States is growing due to the increased prevalence of foot-related diseases and disorders, especially those related to chronic diseases; that affect millions of Americans, such as diabetic-related illnesses and obesity.
Foot care specialists (podiatrists) are an important preventative service against high complication costs (such as amputations and hospitalizations) as foot complications can be costly. The American Podiatric Medical Association (APMA) estimates that the USA healthcare system could save USD 3.5 billion annually in treating diabetic patients utilizing podiatric services.
An aging population and acknowledgment of the effects of foot health on overall health are other contributory factors to the ongoing need for podiatry services. As this continues the podiatric care, market will likely continue to grow considering all of the technological advancements and accessibility to health care, healthcare settings, and access to patient-centered podiatric practices.
In 2023, Germany held a dominant revenue in the Western Europe market and contributed market share of 18.1%, and is expected to grow with a CAGR of 1.0%.
According to the GEHWOL Foot Care Trends, Germany is shifting its focus to foot care as a lifestyle concern, which will have a substantial impact on the podiatry services market. Foot care will no longer be limited to the elderly or those with severe foot problems, but will become a priority for all demographic groups, including health-conscious persons, self-care advocates, and those interested in aesthetic maintenance.
Preventive foot care is becoming more popular, especially for those individuals and groups who view foot care as a holistic approach to health, similar to exercise and nutrition. This increased interest in prevention and wellness will drive a need for podiatric services as individuals seek professional assessment to maintain foot health and avoid prevention of issues.
Additionally, as foot care becomes more related to beauty or self-care amenities or services, the market should expect to see an increase in visits to podiatrists for cosmetic treatments, skincare, and aesthetic procedures. The expansion of foot care beyond a medically necessary visit should encourage growth in the market for podiatry services in Germany.
China occupies a 48.7% value share in East Asia market in 2023 and is expected to grow with a CAGR of 4.5% during the forecasted period.
In the People's Republic of China, public health is expected to greatly raise awareness of foot health. Future public health interventions should include increased public awareness efforts about preventive foot care and the significance of regular check-ups. As part of a larger public health strategy, these programs aim to educate the public on the importance of understanding the link between foot health and overall health.
The proposed public advertisements would most likely focus on lifestyle chemicals, suitable footwear, and the early detection of foot problems, all while advocating proactive foot management. By incorporating foot health into public health, China hopes to minimize the prevalence of preventable foot illnesses, improve health outcomes, and foster a culture of proactive foot health management and action among the people.
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The section contains information about the leading segments in the industry. Based on services, the general podiatry is expected to account 24.7% of the global share in 2024.
| Services | General Podiatry |
|---|---|
| Value Share (2024) | 24.7% |
By services, general podiatry is expected to hold a share of 24.7% in 2024. Among the many podiatry segments, general podiatry services hold the top spot in the industry due to the scope of their offerings, which is crucial for providing appropriate foot and ankle care. Common ailments and problems affecting a vast population, such as corns, calluses, bunions, and nail fungus, are handled under general podiatry.
Moreover, serious complications primarily foot ulcers and amputations caused by long-term conditions like diabetes and obesity are treated under this segment.
On the other hand, regular podiatry visits reflect a growing need for podiatry services due to the growing significance of foot health and prevention, especially in the treatment of the at-risk population of athletes and older persons. All of the above informs a dominant charge for general podiatry services within the industry.
| By Indication | Diabetic Foot Care |
|---|---|
| Value Share (2024) | 26.1% |
Diabetic foot care will account for 26.1% of the indication segment in 2024, and exhibit a CAGR of 1.6% over the forecast period.
Higher demand for specialized foot care services is due to rising global prevalence of diabetes. Diabetic foot care therefore becomes central in dealing with and preventing any problems related with it. Few cases occurring can cause associated life-threatening circumstances including amputations.
Therefore, through early identification as well as treatment strategies towards diabetic foot issues, diabetic footcare programs are committed on prevention rather than cure. Early detection therefore forms part of its major preventive measures since it highly lowers complication chances. Regular feet examinations plus training on caring for feet well are just among few kinds preventive elements involved in such cases.
In terms of service, the industry is divided into general podiatry, orthopedic podiatry, sports podiatry, cosmetic podiatry, podopaediatrics, wound care podiatry and others.
In terms of patient demographics, the industry is segregated into pediatric podiatry, adult podiatry, geriatric podiatry
In terms of indication, the industry is divided into diabetic foot care, sports-related injuries, structural abnormalities, fungal infections, bunions and corns, ingrown toenails and other indications.
In terms of Service provider, the industry is segregated into hospitals, podiatry clinics and homecare & telemedicine
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA) have been covered in the report.
The global podiatry services industry is projected to witness CAGR of 2.3% between 2024 and 2034.
The global podiatry services industry stood at USD 4,714.6 million in 2023.
The global podiatry services industry is anticipated to reach USD 6,072.7 million by 2034 end.
China is expected to show a CAGR of 4.5% in the assessment period.
The key players operating in the global podiatry services industry include Broadway Foot & Ankle Clinic, Chicago Foot Health Centers, Ashinosenmon Tokyo Podiatry Clinic, Shimokitazawa Hospital, DfC Diabetic Foot Clinic, Europe Hospitals - St-Michel Site, FLECK PODOLOGIA by Simone Fleck, MÉDICALE DU GRAND SUD, Bauerfeind Polyclinic, Burjeel Hospital for Advanced Surgery Dubai, Osteopoliklinik, Semeynaya Meditsinskaya Klinika, Euromed Clinic, Oregon Foot Clinic, Palm Beach Podiatry, Town Center Fo
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
5.1. By Service
5.2. By Patient Demographics
5.3. By Indication
5.4. By Service Provider
5.5. By Region
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Service
6.1. General Podiatry
6.2. Orthopedic Podiatry
6.3. Sports Podiatry
6.4. Cosmetic Podiatry
6.5. Podopaediatrics
6.6. Wound Care Podiatry
6.7. Others
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Patient Demographics
7.1. Pediatric Podiatry
7.2. Adult Podiatry
7.3. Geriatric Podiatry
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Indication
8.1. Diabetic Foot Care
8.2. Sports-Related Injuries
8.3. Structural Abnormalities
8.4. Fungal Infections
8.5. Bunions and Corns
8.6. Ingrown Toenails
8.7. Other Indications
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Service Provider
9.1. Hospitals
9.2. Podiatry Clinics
9.3. Homecare & Telemedicine
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. North America
10.2. Latin America
10.3. East Asia
10.4. South Asia and Pacific
10.5. Western Europe
10.6. Eastern Europe
10.7. Middle East and Africa
11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Sales Forecast 2024 to 2034 by service, by patient demographics, by indication, by service provider for 30 Countries
19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
20. Company Profile
20.1. Broadway Foot & Ankle Clinic
20.2. Chicago Foot Health Centers
20.3. Ashinosenmon Tokyo Podiatry Clinic
20.4. Shimokitazawa Hospital
20.5. DfC Diabetic Foot Clinic
20.6. Europe Hospitals - St-Michel Site
20.7. FLECK PODOLOGIA by Simone Fleck
20.8. MÉDICALE DU GRAND SUD
20.9. Bauerfeind Polyclinic
20.10. Burjeel Hospital for Advanced Surgery Dubai
20.11. Osteopoliklinik, Semeynaya Meditsinskaya Klinika
20.12. Euromed Clinic
20.13. Oregon Foot Clinic
20.14. Palm Beach Podiatry
20.15. Town Center Foot Clinic
20.16. Seven Hills Hospitals
20.17. Wockhardt Hospitals
20.18. Apollo Hospitals
20.19. Fortis Hospitals
20.20. Mediclinic Middle East
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Podiatry Services Market
