Foot Care Product Manufacturing
The Foot Care Product Manufacturing industry in the United States is characterized by a diverse, fragmented set of companies producing a wide range of products intended for the treatment or prevention of foot conditions. The broad variety of products manufactured by this industry, including bandages, braces, creams and insoles, protects the industry from vulnerability to shifts in demand for any particular product line, whereas the medically necessary nature of many of these items keeps overall demand steady. This increasing competition is expected to reverse the growth trend in average industry profit margins in coming years, due to the twin pressures of price competition and increased spending on labor to pursue new product development. Nonetheless, demand will likely grow, particularly as the baby boomer population ages and spends more of their retirement time pursuing hobbies that may result in activity- or age-related foot ailments. As new product development further stimulates both domestic and international demand, IBISWorld expects total industry revenue to grow.
Companies in this industry are engaged in manufacturing medicated and nonmedicated preparations, bandages and other treatments for the prevention and treatment of foot care conditions including dry skin, athlete’s foot, fallen arches, blisters, corns, calluses and bunions. This industry does not include manufacturers of professional medical-surgical orthopedic products, orthopedic shoes or products intended primarily as cosmetics (e.g. nail polish).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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