San Jose, California (PRWEB) August 05, 2014
Follow us on LinkedIn - Foot diseases are commonly ignored given their benign condition in a majority of the population. High prevalence of diabetes worldwide is however throwing the spotlight on the importance of foot care. Growing awareness over the importance of foot care among the growing base of diabetic population is helping drive growth of foot care products. Common fungal foot infections in diabetes patients can trigger limb threatening complications by raising the risk of secondary bacterial infections, foot ulcers, cellulitis, gangrene and paronychias, if left untreated. Growth in the market is also benefitting from the growing emphasis on foot hygiene among the healthy population. Several foot care medication and products are currently available in the market for both routine care and acute/long-term care of foot problems. Foot care products encompass foot massagers, arch supports, insoles & inserts, pedicure kits, and medication such as topical antimicrobials.
Aging population is a key demographic factor spurring the incidence of common foot disorders such as bunions, Verrucas, corns and calluses, hard skin, foot odors, warts and Athlete’s foot. Growing awareness related to foot conditions, and available therapies is helping expand market opportunities by driving adoption. Foot disorders are known to result in discomfort, pain and loss of productivity in healthy individuals, while increasing the risk of lower-limb amputation in patients with diabetes. As a result, focus is shifting towards preventive care or treating foot disorders in early stages to reduce healthcare cost and debility. Foot care devices market sector is highly fragmented and intensely competitive with several products competing for a share in the market. Manufacturers are increasingly focusing on research and development to develop products with improved performance and benefits.
Insoles and Orthotics are pivotal to the research efforts undertaken consumer healthcare companies worldwide. A recent breakthrough in this space is the use of 3D scanning technology for designing shoes and 3D orthotics. An area of growing interest is nanomedicine. Although still distant from commercial availability, nanomedicine can emerge as a potent antimicrobial solution with tremendous potential to alter the way foot infections are treated.
As stated by the new market research report on Foot Care Products, Asia-Pacific represents the largest and the fastest growing market worldwide, with a CAGR of 4.9% over the analysis period. With aging known to increase the risk of foot ailments, the region presents strong growth opportunities for foot care product manufacturers. Increasing prevalence of chronic conditions such as diabetes and obesity, which are known to elevate risk of foot ailments, and growing awareness of foot diseases and treatment options are expected to drive adoption of advanced foot care products including devices and medication.
Major players covered in the report include Aetna Felt Corporation, Aetrex Worldwide Inc., Alva-Amco Pharmacal Companies Inc., Blistex Inc., Chattem Inc., Homedics Inc., Implus Corporation, Johnson & Johnson, Merck & Co Inc., Novartis AG, PediFix Inc., ProFoot Inc., RG Barry Corporation, The W E Bassett Co. and Tweezerman International LLC among others.
The research report titled "Foot Care Products: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the global market for Foot Care Products by the product segments: Foot Care Devices and Foot Care Medication.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Foot_Care_Products_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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