The global foot care medicated creams market is anticipated to grow at a significant CAGR of 6.6% during the forecast period (2022-2028). Foot care medicated cream is essential for maintaining the health of the feet. It helps in preventing foot issues such as heel pain, toe pain, and finger pain by keeping the feet soft and smooth. The major key players are focused on manufacturing advanced products to increase the usability of foot care products. The global foot care medicated creams market is growing due to the rising prevalence of individuals suffering from foot infections. The demand from the millennials for various foot care products to prevent their feet from getting damaged or bruised is also driving the market growth. Additionally, the improvement in marketing strategies to bring awareness, as well as improvement in the distribution channel, is further boosting the growth of the global foot care medicated creams market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In January 2022, Alkem Labs announced the launch of unique patent technology for diabetic foot ulcers in India.
- In October 2021, Scholl’s Wellness Co. introduced its line of five personal care products that penetrate deeply to heal, hydrate, and exfoliate dry, cracked feet.
- In August 2021, MA Dermaceuticals announced their launch of two-foot care products for pro treatments: Pedi Pro 20 Foot Cream and Enzymaxx Foot Mask.
- In June 2021, Lush Retail Ltd. launched Repeat Orange Foot Balm, an innovation to Lush’s foot care range with a plant-based formula containing orange peel wax.
- In February 2021, Footlogics USA announced its launch of Ultimate “At Home” Foot Care Combo products in the global market.
- In March 2020, Brinton Pharmaceuticals Ltd. announced its strategic alliance with Scholl’s Wellness Co. for the sales and distribution of ‘Krack Cream’ in the Indian market.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bayer AG, GEHWOL Foot Care, CHATTEM CHEMICALS, PROFOOT INC., and Implus LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Foot Care Medicated Cream Market Report by Segment
By Type
- Skin Beautification
- Pain Relief
- Foot Diseases
- Others
By Application
- Drug Stores & Pharmacies
- Hospitals & Clinics
- Online Stores
- Others
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