The global diabetic footwear market is expected to reach value around USD 9.95 billion by 2027 and market is projected to expand at a CAGR of 7.8% during the forecast period 2019 to 2027.
These specialty goods are capable of preventing foot injuries caused by frequent mobility and removable shoe insole and inserts. Furthermore, these products are known for their adjustability due to the presence of stretchable material in their composition.
Rising usage of specialty shoes among obese population to relieve pain and to provide relief from flat foot pain. Moreover, increase in the life expectancy along with awareness regarding prevention of risks associated with obesity such as cardiovascular disorders and diabetes is projected to have a positive impact on the product demand.
Diabetic footwear is mostly used by the elderly population. Growing concerns over the side effects associated with synthetic medicines is changing the preference for safer alternatives. Consumers prefer diabetic footwear and other healthy remedies to reduce the impact of pre-diabetic cells. Technological advancements and medical upgrades are anticipated to bode well for market growth in the forthcoming years.
These specialty footwear available in inserted sole, flexible inner sole, and hybrid forms. Through this, the consumers are able to use this product for other purposes including posture improvement, relief from lower body pain, and also as a protection from minor injuries capable of harming a diabetic person. This factor is projected to drive the product demand in near future.
Rising importance of specialty footwear which improve the lower body posture and protect the feet from fungal infection is expected to remain a favorable factor. Furthermore, rising concerns over adverse effects associated with obesity are expected to promote the use of diabetic footwear as a preventive measure.
Shoes are expected to generate a revenue of USD 3.52 billion by 2027. The segment is expected to lead the market in light of its increased utility among office-going population. Furthermore, fluctuating diet patterns and hectic lifestyle among middle class population in emerging economies including China and India is expected to encourage consumers to use diabetic shoes as a regular footwear option.
High levels of sugar in the blood can lead to poor circulation. This leads to a number of problems such as neuropathy, which is a condition that leads to the loss of sensation in the feet. In such cases, a cut or injury may go unnoticed and lead to infections. Diabetic patients wear special footwear to protect themselves from neuropathy and other issues such as bunions, corns, gangrene, and others. High blood sugar and its consequent effects can make regular shoes uncomfortable for diabetic patients. Diabetic footwear is made for a range of purposes such as healing and comfort and can also be customized to suit the needs of patients.
A rise in disposable income and changes in lifestyles are expected to be the key drivers of the global diabetic footwear market during the forecast period. Changes in lifestyle are leading to health problems in a majority of the population. This is owing to deteriorating dietary and exercise habits. As a result, more people are developing high blood sugar or diabetes. The occurrence of diabetes was hitherto restricted to the elderly population, but it is now a common occurrence even among the youth. This leads to an increase in the potential customer base for manufacturers in the global diabetic footwear market. Additionally, as incomes across the world increase, people are able to make better choices for their health and wellness, thus contributing to the growth of the global diabetic footwear market. However, diabetic footwear is a specialty medical product that many consumers may not be aware of. This factor is estimated to restrain the global diabetic footwear market during the forecast period.
The Diabetic Footwear market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Diabetic Footwear market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Diabetic Footwear market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Diabetic Footwear market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Diabetic Footwear market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Diabetic Footwear capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Diabetic Footwear by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Diabetic Footwear market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Diabetic Footwear market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Diabetic Footwear market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Diabetic Footwear industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Diabetic Footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Diabetic Footwear market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Diabetic Footwear market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Diabetic Footwear market. These factors have benefited the growth of the global market for Diabetic Footwear. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Diabetic Footwear. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players operating in the global diabetic footwear market include Apexfoot.com, DJO Global, Dr. Zen, Inc., Drew Shoe Corporation, Finn Comfort, I-Runner, OrthoFeet, Inc., Pilgrim Shoes, Podartis srl, Propét USA, Inc., Hanger Clinic, Tony Martin Limb and Brace, LLC, and Sure Fit Home Products, LLC.. Prominent manufacturers in the diabetic footwear market offer customized solutions to users to increase their share in the market. Key strategies such as acquisitions and product launches have also helped major players improve their market share in the diabetic footwear market globally.
Product Outlook (Revenue, USD Million, 2016 - 2027)
Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
Regional Outlook (Revenue, USD Million, 2016 - 2027)
Central & South America
Middle East & Africa
In this study, the years considered to estimate the market size of Diabetic Footwear are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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