The global podiatry services market was valued nearly at $19 billion in 2017. North America is the world’s largest region for podiatry services, accounting for about 31% of the global podiatry services market. The USA is the largest country in terms of value in the podiatry services market.
The podiatry services market comprises services offered by podiatrists (or other physicians) for the diagnosis and treatment of foot ailments such as diabetic foot ulcers, foot infections, corns and calluses, bunions and other foot problems. Podiatry services do not include foot and ankle joint replacement procedures.
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Podiatry Services Market Size
The global podiatry services market reached a value of nearly $19 billion in 2017, having grown at a growth rate of around 2% since 2013.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.
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.
National Health Service (NHS) is the publicly funded health care system created under the UK’s National Health Service Act. The institution was launched in 1948. It has more than 1.5 million employees. Each of the four countries of the UK has a publicly funded health care system.
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