Demand for foot care products is increasing steadily over the last few years. Diabetic and aging baby boomers are two major driving forces for the foot care market. Moreover, fast changing lifestyles and transforming fashion trends have increased exposure of the foot, thereby assisting the foot care products market to expand its scope. Moreover, consumers are desperately searching for overnight foot repair ointments, creams, cleansing lotions and sloughing scrub.
San Jose, California (PRWEB) April 28, 2008 -- World foot care products market is projected to reach $3.4 billion by 2010, as stated in a recent report published by Global Industry Analysts, Inc. It is a natural phenomenon that people gaining age are more prone to foot problems, which may include calluses, corns and foot pain. The HMOs normally do not cover podiatry, thereby leaving the market open for aging baby boomers, who generally engage in self-care for their foot problems. Diabetics face the greatest challenge with respect to their foot problems, as they are more prone to skin problems, ulcers and poor blood circulation. It is estimated that approximately 100 million people globally and about 18 million Americans suffer from diabetes, and about 15% of diabetes is expected to result in some type of foot ulcer.
Europe, Asia-Pacific and United States dominate the foot care products sector with a combined share of more than 75% for 2008, as stated by Global Industry Analysts, Inc. Europe is projected to be the fastest growing regional market for foot care products, during the 2001-2010 period. World foot care devices market is estimated at $1.4 billion for 2008.
Product innovation has taken the foot care market to a new high. New products are also being launched to accommodate the growing stress or pressure that the foot undergoes on a daily basis. The main reason being increased exercises that the people are performing without proper knowledge of how to take care of their feet. In United States, consumer interest in foot care products such as cleansers, moisturizers, exfoliators and other cosmetic treatments for the feet have prompted suppliers to provide beauty-related foot care products. Moreover, a new trend is being witnessed among women for improving the feet appearance, attributed to growing popularity of open-toe sandals and shoes. The foot care medications market is projected to witness fastest growth over the period 2001-2010.
Key players profiled in the report include Alva-Amco Pharmacals Inc, Chattem Inc, Combe Incorporated, Del Laboratories Inc, Dr Foot, Dreamyfeet Footcare Products, Foot Express, FootSmart, Freeman Beauty Labs, Homedics Inc., Implus Footcare, Johnson & Johnson, Miracle of Aloe, Miracle Products Company, Novartis Consumer Health, Paris Presents Inc, PediFix Inc, ProFoot Inc, Revlon Inc, Schering-Plough Corporation, Spenco Medical Corporation, SSL International PLC, W E Bassett Company Inc, and Xenna Corporation.
The report titled "Foot Care Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc. analyzes the market over the period 2001-2015. Analysis is presented for the following geographical markets - United States, Europe, Asia-Pacific (including Japan), and Rest of World. The study also enumerates recent developments, mergers, acquisitions, and other strategic industry activities.
For more details about this 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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
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