DUBLIN--(BUSINESS WIRE)--The "Podiatry Services Global Market Strategies and Opportunities to 2021" report has been added to ResearchAndMarkets.com's offering.
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 globe.
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 Mayo Clinic.
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