Podiatry Service Market to Reach USD 11.88 Billion by 2034

Evolve Business Intelligence has published a research report on the Global Podiatry Service Market, 2024–2034. The global Podiatry Service Market is projected to exhibit a CAGR of around 2.87% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Podiatry Service Market: Beijing Puhua International Hospital, Foot and Ankle Specialists of the Mid-Atlantic (FASMA), Foot Center of New York, Burjeel Hospital for Advances Surgery, Fortis Healthcare, Kaiser Permanente, Massachusetts General Hospital, Max Healthcare, Medicine Middle East and Schoen Clinic.

Market Highlights

The Global Podiatry Service Market is projected to be valued at USD 11.88 Billion by 2034, recording a CAGR of around 2.87% during the forecast period. ​The global podiatry services market is experiencing steady growth, driven primarily by the increasing prevalence of diabetes and related complications that necessitate specialized foot care. Older adults are more susceptible to various foot and ankle problems like osteoarthritis, bursitis, and heel spurs, leading to a higher demand for podiatry services.

The podiatry service market is a growing and dynamic sector driven by increasing health awareness, an aging population, the rising incidence of chronic diseases, and technological advancements. This presents numerous opportunities for healthcare providers and businesses in this domain to cater to the increasing demand for specialized foot and ankle care.

Segmental Analysis

The global Podiatry Service Market has been segmented based on Patient Type, Procedure Type and End Use.

Based on Patient Type, the Podiatry Service Market is segmented into Adults, Geriatric Population, Pediatric Population. The Geriatric Population is anticipated to dominate the market.

Based on Procedure Type, the global Podiatry Service Market has been segmented into Foot Surgery, Ankle Surgery, Routine Podiatric Procedures. The Foot Surgery segment is anticipated to dominate the market.

Based on End Use, the global Podiatry Service Market has been divided into Hospitals, Podiatry Clinics, Other Settings. The Hospitals segment is anticipated to dominate the market.

Regional Analysis

The Podiatry Service Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America currently holds a significant market share. It’s driven by a high prevalence of chronic conditions like diabetes and arthritis, advanced healthcare infrastructure, high awareness about foot health, and significant healthcare expenditure. The US is expected to lead the global market in terms of revenue. In Europe region, Germany holds a dominant revenue share in Western Europe, with a growing trend of foot care being considered a lifestyle concern, driving demand beyond medical necessity to include preventative and aesthetic treatments. Asia-Pacific region is the fastest-growing regional market due to the increasing prevalence of diabetes, rising healthcare awareness, and improving healthcare infrastructure, particularly in countries like India and China. India is also highlighted as a fast-growing market. In Latin America region, Countries like Brazil, Mexico, and Argentina face growing diabetes cases and aging populations. Limited access to podiatric services in rural areas and gradual improvement in public healthcare and insurance inclusion. In Middle East and Africa region, Rising lifestyle-related diseases (e.g., diabetes) and investments in healthcare infrastructure, especially in the Gulf countries and still lacks awareness and trained professionals in large parts of Africa.