NAICS 621391 Quarterly Industry Report
Offices of Podiatrists
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 621391Sector: Health Care and Social Assistance (62)Updated: Q1 2026
About This Report
This industry profile for Offices of Podiatrists (NAICS 621391) draws on data from the U.S. Census Bureau[8], Bureau of Labor Statistics[6], professional association practice surveys, and SBA size standards database[7]. Published by Fair Market Value and updated quarterly, it provides valuation professionals, healthcare analysts, and practice brokers with current market data. All quantitative claims are sourced to publicly verifiable databases.
Industry Snapshot
Key metrics for the offices of podiatrists industry.
NAICS Sector
62
Health Care and Social Assistance
Industry Definition & Overview
Offices of Podiatrists (NAICS 621391) encompasses establishments of health practitioners having the degree of D.P.M. (Doctor of Podiatric Medicine) primarily engaged in the independent practice of podiatry per the U.S. Census Bureau[5]. Podiatrists diagnose and treat diseases and deformities of the foot, operating private or group practices in their own offices, clinics, or within hospital and HMO facilities.
Roughly 7,597 locations across 6,804 businesses generated $4.6 billion in revenue with $1.6 billion in annual payroll per Census data. Active practitioners average $247,363 in annual earnings per the Bureau of Labor Statistics[6]. Industry revenue is projected to reach $7.3 billion by 2025 at a 2.8 percent compound annual rate. Solo and small group practices dominate the market, with few large multi-location podiatry chains operating nationally.
Per the SBA Table of Size Standards[7], the size standard is $9 million in average annual receipts. Diabetes prevalence is the primary demand driver, with 21 percent of surveyed podiatrists reporting that at least half their patients have diabetes per professional association survey data. Globally, the diabetic foot ulcer treatment market was valued at $7 billion in 2024 and is expected to grow to $12.8 billion by 2034 at a 6.3 percent compound annual rate. All states require a D.P.M. degree from an accredited four-year program, completion of a three-year post-graduate residency, and passage of the American Podiatric Medical Licensing Examination. Homecare and portable wound care devices are emerging as a growing delivery channel, extending podiatric reach beyond traditional office settings.
What's Included in This Industry
- Foot and ankle diagnostic evaluation and treatment
- Diabetic foot care and wound management services
- Surgical correction of foot deformities and bunions
- Custom orthotic device prescription and fitting
- Sports medicine foot and ankle injury treatment
- Pediatric foot development assessment and care
- Geriatric foot health maintenance and nail care
- Plantar fasciitis and heel pain treatment programs
- Ingrown toenail treatment and minor office procedures
- Biomechanical gait analysis and corrective therapy
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Health Care and Social Assistance | 62 |
| Subsector | Ambulatory Health Care Services | 621 |
| Industry Group | Offices of Other Health Practitioners | 6213 |
| NAICS Industry | Offices of All Other Health Practitioners | 62139 |
| National Industry | Offices of Podiatrists | 621391 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | Offices of Physicians (General) refer patients to podiatrists for specialized foot and ankle conditions, with primary care physicians and endocrinologists generating referral volume for diabetic foot care and lower extremity management |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | Offices of Physical Therapists provide rehabilitation services that complement podiatric treatment, with physical therapy prescribed after podiatric surgery or for chronic foot conditions requiring gait retraining and strength recovery |
| 621310 | Offices of Chiropractors | Offices of Chiropractors share musculoskeletal treatment overlap in lower extremity biomechanics, with some chiropractic offices offering foot and ankle assessment alongside spinal manipulation services |
| 621210 | Offices of Dentists | Offices of Dentists share the independent solo and group practice model with comparable insurance reimbursement structures, malpractice insurance requirements, and regulatory compliance frameworks across state licensing boards |
| 622110 | General Medical and Surgical Hospitals | General Medical and Surgical Hospitals provide operating room access for complex podiatric surgical procedures and serve as referral sources for outpatient podiatric follow-up care after inpatient admissions |
| 339113 | Surgical Appliance and Supplies Manufacturing | Surgical and Medical Instrument Manufacturing supplies podiatric surgical instruments, diagnostic X-ray equipment, and autoclave sterilization systems that represent major capital expenditures for podiatry practice buildout |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | New York | 11.9% | 903 |
| 2 | California | 9.6% | 723 |
| 3 | Florida | 8.7% | 659 |
| 4 | Pennsylvania | 6.3% | 480 |
| 5 | New Jersey | 6.1% | 462 |
| 6 | Texas | 5.9% | 446 |
| 7 | Illinois | 5.8% | 438 |
| 8 | Ohio | 4.1% | 309 |
| 9 | Michigan | 3.9% | 295 |
| 10 | Georgia | 2.9% | 221 |
% Of Establishments
0%
12%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
360
Total SBA Loans
$116.2M
Total Loan Volume
$323K
Average Loan Size
12 yrs
Average Loan Term
10.22%
Average Interest Rate
1,840
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: Per the SBA Table of Size Standards[7], Offices of Podiatrists (NAICS 621391) has a size standard of $9 million in average annual receipts for federal contracting purposes. SBA lending programs[9] support practice acquisition, diagnostic equipment investment, and facility expansion for qualifying podiatric practice operators. Eligible businesses can access SBA 7(a) loans[10] for working capital, equipment, and acquisition financing, while 504 loans[11] support major fixed-asset purchases including real estate and heavy machinery.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Banc of California | 8 | $28.2M | $3.5M |
| 2 | Valley National Bank | 8 | $12.3M | $1.5M |
| 3 | Newtek Bank, National Association | 24 | $7.6M | $317K |
| 4 | KeyBank National Association | 16 | $7.3M | $455K |
| 5 | First-Citizens Bank & Trust Company | 16 | $5.6M | $350K |
Frequently Asked Questions
Common questions about this industry.
What is the NAICS code for podiatry offices?
NAICS 621391 covers offices of podiatrists providing diagnosis and treatment of foot diseases and deformities per the U.S. Census Bureau[5].
How large is the podiatry office industry?
Roughly 7,597 locations across 6,804 businesses generated $4.6 billion in revenue per Census Bureau[8] data, with revenue projected to reach $7.3 billion by 2025 at a 2.8 percent compound annual rate.
What is the SBA size standard for podiatry offices?
The SBA size standard[7] is $9 million in average annual receipts, determining eligibility for federal small business contracting programs and SBA lending products.
What education is required to become a podiatrist?
All states require a Doctor of Podiatric Medicine (D.P.M.) degree from an accredited four-year program, completion of a three-year post-graduate residency, and passage of the American Podiatric Medical Licensing Examination per the Bureau of Labor Statistics[6].
How does diabetes drive podiatry demand?
Roughly 21 percent of surveyed podiatrists report that at least half their patients have diabetes per professional association survey data. Globally, the diabetic foot ulcer treatment market was valued at $7 billion in 2024 and is expected to reach $12.8 billion by 2034.
What are typical podiatrist earnings?
Active practitioners average $247,363 in annual earnings per the Bureau of Labor Statistics[6], with income varying based on practice setting, geographic location, patient volume, and specialty focus area.
What are startup costs for a podiatry practice?
Startup costs generally range from $50,000 to $100,000 or more depending on office lease, equipment, staffing, and credentialing, with X-ray equipment ($15,000 to $30,000), surgical instruments ($5,000 to $7,500), and autoclave systems ($2,000 to $6,000) as primary capital items.
Is home-based podiatry care growing?
Homecare is emerging as a growing delivery channel, with portable wound care devices and mobile health platforms extending podiatric reach beyond traditional office settings per Bureau of Labor Statistics[6] industry data.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]U.S. Census Bureau census.gov
- [6]Bureau of Labor Statistics bls.gov
- [7]SBA Table of Size Standards sba.gov
- [8]U.S. Census Bureau data.census.gov
- [9]SBA lending programs sba.gov
- [10]SBA 7(a) loans sba.gov
- [11]504 loans sba.gov
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