Services Global Market Strategies and Opportunities to 2021”
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The global podiatry services market grew from $18,072 million in 2013 to
$19,377.4 million in 2017 at a compound annual growth rate (CAGR) of
1.76%. It is expected to grow from $19,377.4 million in 2017 to
$21,367.7 million in 2021 at a CAGR of 2.47%.
Growth of the market will be driven by increasing geriatric population,
rising prevalence of chronic diseases such as diabetes, arthritis and
cardiovascular diseases, and increasing awareness about the importance
of routine foot health and care. However, global growth will be below
the growth of global GDP.
The market will be negatively affected by political instability in
regions such as the Middle East and by uncertainty in healthcare
policies in countries such as the USA, and by budgetary restraints on
public provision from some countries in Europe.
General podiatry, which includes treatment for diabetic foot ulcers,
corns and calluses, bunions and nail infections, is the largest segment
in podiatry services. This is mainly due to the increasing prevalence of
diabetes and other comorbid conditions along with increasing awareness
about podiatry and the importance of foot care.
By treatment condition, diabetes that lead to foot disorders is the
primary comorbid condition and is due to the increasing diabetic
population and associated diabetes related foot diseases across the
By facility, clinics are the largest segment followed by hospitals and
other facilities such as homecare organizations and nursing homes.
The global podiatry services market is highly fragmented among many solo
practices by private practitioners. Major providers of podiatry services
include the UK’s National Health Service, Kaiser Permanente, UPMC and
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