The need for podiatry services is skyrocketing as a result of the aging population and an increase in chronic illnesses and foot-related concerns. Furthermore, the rising prevalence of diabetes globally is a major factor driving revenue growth in the podiatry services market. Diabetes has been associated with nerve damage, poor blood flow, as well as foot infections, and ulcers, demanding podiatric treatment.

In addition, increased foot and ankle injuries among athletes and the general public are boosting market revenue growth. A rise in sports-related injuries is increasing the need for advanced podiatric treatment, which is driving up demand for sports podiatry. Furthermore, market revenue is increasing as people become more aware of the importance of maintaining foot health and hygiene.

Furthermore, the global expansion in hospitals and podiatrist clinics is driving the podiatry services industry. End-use businesses such as hospitals, clinics, and nursing homes are increasingly requiring specialized podiatric treatment. The revenue growth of the podiatry services market is increasing as a consequence of the availability of cutting-edge technology and the introduction of innovative therapies like laser therapy and regenerative medicine.

The market for podiatry services is experiencing a significant impact from the increasing use of telemedicine. Telemedicine is a novel development in the healthcare sector that allows patients to receive remote diagnosis and treatment for various ailments, including podiatric conditions. This technology is particularly beneficial for patients living in rural or isolated areas who lack access to specialized podiatric treatment.

Moreover, the implementation of strict regulations by governments worldwide to ensure high-quality podiatric services is propelling market revenue growth. Governments are enforcing regulations to ensure that podiatric services meet stringent standards and adhere to specific guidelines. For instance, in the United States, the American Podiatric Medical Association (APMA) has established criteria for podiatric care, and all podiatrists must be certified by the APMA to practice.

The market is projected to recover as the worldwide vaccination effort gains traction and things return to normal. Rising foot and ankle injury rates, higher awareness of the importance of foot health and cleanliness, and an increase in the number of podiatry clinics and hospitals are all likely to drive revenue growth in the podiatry services market over the forecast period.

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Some Key Highlights from the Report

• The preventive segment is expected to account for the largest revenue share in the global podiatry services market during the forecast period. The increased frequency of foot disorders such as plantar fasciitis, foot ulcers, and nail infections, which may be prevented with basic podiatric treatment, is the primary reason driving revenue growth in the market.

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