Los Angeles, November 25, 2019 –QY Research has added a new report to its repository of pharma and healthcare market research studies. Titled “Global Foot Care Products Market Insights, Forecast to 2025,” the new report offers an exhaustive research and analysis study on the global foot care products market. According to the report, the global foot care products market is expected to grow at a moderate CAGR of 4.81% during the forecast period 2019-2025. By the end of 2025, the global market value is projected to reach over US$4.5 Bn, increasing from above US$3.0 Bn touched in 2018.
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Use of Advanced Technology in Foot Care Products Predicted to Improve Demand
The global foot care products market is expected to increase its growth with advancement in foot care technology. Introduction of customized foot care products and 3D-printed custom orthotics could benefit the global market in terms of consumption and demand. Improvement in hygiene standards in some emerging countries is predicted to help maintain the demand for foot care products. High interest in preventive foot care regimens and need to avoid the risk of infection from ingrown nails, corns, and calluses could add to the demand for foot care products.
Use of Foot Care Products in Medical Treatment Application Expected to Increase
Based on product type, the global foot care products market is segmented into antifungal drugs, sleeves and braces, inserts and insoles, grooming implements, creams, and others. On the basis of application, the global foot care products market is segmented into foot beauty and medical treatment. The demand for foot care products from the worldwide diabetic population could increase due to the need to prevent or treat diabetic foot pain and ulcers. The report offers detailed segmental analysis of the global foot care products market based on the market share, CAGR, market size, and other important factors.
Consumption Likely to Increase in Asia Pacific with Rise in Number of Diabetics
According to market experts, Asia Pacific, Europe, and North America are predicted to show high consumption of foot care products during the forecast period. High incidence of diabetes, hypothyroidism, neuropathy, peripheral vascular disease, and other diseases with increased risk of foot problems could create strong demand for foot care products in Asia Pacific. Europe and North America are also anticipated to contribute to the growth of the global foot care products market. This could be due to high prevalence of obesity leading to foot injury, pain, and other related problems and increased demand for cosmetic foot care solutions in the regions.
Manufacturers Anticipated to Focus More on Research and Development in Future
Leading players operating in the global foot care products market are Reckitt Benckiser, Karuna Skin, GlaxoSmithKline, Johnson and Johnson, Xenna Corporation, Bayer, Grace and Stella, Implus, Superfeet, Aetna Felt Corporation, Lush, Tony Moly, Baby Foot, PediFix, RG Barry Corporation, Alva-Amco Pharmacal, Aetrex Worldwide, ProFoot, Blistex, Sanofi, and McPherson. Players are expected to introduce new and improved products and invest in research and development to establish a strong position in the global foot care products market.
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