Extremity Healthcare Acquiring My Foot Doctor Proved To Be A Major Acquisition In Podiatry Industry

The podiatry market size is expected to grow around $2 billion by 2022 growing at compound annual growth rate (CAGR) of 5%. The growth in the podiatry market is mainly due to rise in geriatric population, i.e., patients suffering from foot problems, increasing healthcare access in emerging economies and growing comorbidities associated with foot disorders.

Major trends witnessed in the podiatry market over the historic period include expansion of coverage for podiatry services, development of innovative technology to treat acute and chronic pain and multidisciplinary approach to treat diabetic foot ulcers.

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Merger and acquisition activity in the podiatrist market in the last four years has been medium. Leading deals have included those done by Extremity Healthcare Inc., Firefly Foot & Ankle Clinics and University Clinical Health.

In February 2018, Extremity Healthcare Inc. (EHI) acquired "My Foot Doctor" through its clinical division, Advance Foot Care for an undisclosed amount. The deal is expected to add three more Tennessee locations for EHI in Cleveland, Lenoir City and Athens. It also helps My Foot Doctor to increase their market share through management expertise and resources of EHI. My Foot Doctor provides surgical and medical care for foot and ankle together with treatment for wounds, diabetic foot care and fractures in Tennessee, United States.

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Podiatry Services Market Charecterstics

The podiatrists market consists of sales of podiatrists’ services and related goods by entities (organizations, sole traders and partnerships) that provide podiatry services including diagnosis and treatment of diseases and deformities of the foot. These practitioners operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or Health Maintenance Organization (HMO) medical centers.

Podiatry Services Market Competitive Landscape

The global podiatry services market is highly fragmented. Major podiatry companies in the market are National Health Service, Kaiser Permanente, UPMC and Mayo Clinic

Podiatry Services Market Size

The podiatry services market is expected to reach higher than $2.1 billion by 2022, growing at a steady CAGR of less than 5% in the forecast period. The growth is mainly due to rise in geriatric population, i.e., patients suffering from foot problems, increasing healthcare access in emerging economies and growing comorbidities associated with foot disorders.

However, the podiatry services market is expected to face restraints from several factors such as limited skilled podiatrist workforce, high costs of treatment and lack of awareness about podiatric services among patients.

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