Los Angeles, November 4, 2019 –QY Research has released a new market research report, bearing the title “Europe Foot Care Products Market Insights, Forecast to 2025.” As mentioned in the report, the Europe foot care products market is projected to grow at a CAGR of 3.82% during the forecast period 2019-2025. By 2025, the revenue of the Europe foot care products market is expected to reach more than US$1.2 Bn. In 2018, the Europe foot care products market attained a value of around US$1.0 Bn.
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Launch of Smart Foot Care Products Predicted to Improve Demand in Europe
Demand for foot care products in Europe is predicted to increase because of the high requirement for effective preventive treatments for diabetic foot ulcer. Advancement in technology allowing the development of advanced foot care products in Europe could significantly improve the market growth in the coming years. Increase in investment in research and development activities is expected to help players to introduce products with better results and functionalities. This could largely benefit the Europe foot care products market in future. Increased preference for preventive healthcare to avoid chronic health problems and high healthcare expenses could also add to the growth of the Europe foot care products market.
Adoption of smart technology and launch of novel products such as smart socks are anticipated to promote the advancement of the Europe foot care products market. However, use of natural foot care remedies and home treatments for foot problems could hamper the demand for foot care products in Europe.
Foot Beauty Application Likely to Contribute to Growth of Europe Market
There are different types of foot care products available in the Europe market, such as antifungal drugs, grooming implements, inserts and insoles, sleeves and braces, creams, and others. Foot care products are used in important applications including foot beauty and medical treatment in Europe. Introduction of innovative foot beauty products such as foot moisturizers, rough skin remover, foot massage creams, electronic foot exfoliator, and foot mousse is anticipated to create sales opportunities in the Europe foot care products market.
Need to Prevent Diabetic Foot Problems Anticipated to Boost Demand
Increasing significance of foot care in diabetes treatment because of the vulnerability of patients to diabetic foot problems is predicted to improve the demand in the Europe foot care products market. According to a recognized health organization, Europe witnesses high prevalence of diabetes. Increasing interest in personal grooming among men could further encourage the growth of the Europe foot care products market. Need to maintain foot hygiene and high demand for foot treatment products are anticipated to work in the favor of the Europe foot care products market. Demand for foot care products in Europe could also increase due to high incidence of foot disease.
Manufacturers Expected to Focus on Research-based Product Development
Some of the leading players of the Europe foot care products market are Reckitt Benckiser, PediFix, GlaxoSmithKline, Alva-Amco Pharmacal, Johnson and Johnson, ProFoot, Implus, Blistex, Superfeet, Aetrex Worldwide, Lush, RG Barry Corporation, and Baby Foot.
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