Global Diabetic Footwear Market is estimated to reach $9.4 Billion by 2024 with CAGR of 7.4% between 2016 and 2024. Diabetic foot wears are designed for people suffering from diabetes, in order to reduce the risk of foot ulceration and amputation. Foot ulceration and debilitating complications affects the diabetic patients and the long-term consequence can be amputation. As per a report published by NCBI, 171 million people were estimated to be affected by diabetes in 2000 worldwide, and are expected to increase to 366 million by 2030. People suffering from diabetes have been recommended to wear insoles accommodated within foot wear which reduces the stress on mechanical tissue on the plantar surface of the foot to prevent foot ulceration. Increased demand for these shoes owing to the increasing number of diabetic patients have led to the development of diabetic shoes in various shapes and sizes and for all the age groups.
The factors boosting the growth of the market include increasing prevalence of diabetes, increasing awareness, growing demand for customized and fashionable footwears and increasing disposable income. Though, counterfeit or low standard shoes and high cost of diabetic footwear might hinder the adoption globally. Furthermore, low barriers to entry and market expansion is expected to provide growth opportunities in coming years.
The global diabetic footwear market is bifurcated as distribution channel, end-use and geography. By distribution channel, it is further segmented into shoe stores, departmental stores, specialty stores, online stores, and super market & hyper market. Furthermore, end-use is segmented into women and men.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, Japan, India and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players of diabetic footwear market include Dr Comfort, LLC., Orthofeet Inc., Dr Zen Products, Inc., DARCO International, Inc., Podartis S.r.l., Apex Foot Health Industries LLC, Advanced Diabetic Solutions, Aetrex Worldwide Inc., Drew Shoe Corporation and Etonic Worldwide LLC among others.
The key takeaways from the report
- The report will provide detailed analysis of Diabetic Footwear Market with respect to major segments such as distribution channel, end-use type and geography of the market.
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.
- Comprehensive analysis of market dynamics including factors and opportunities.
- An exhaustive regional analysis of Diabetic Footwear market.
- Profile of key players of the Diabetic Footwear market, which include key financials, product & services and new developments.
Scope of Diabetic Footwear Market
Distribution Channel Segments
- Shoe Stores
- Departmental Stores
- Specialty Stores
- Online Stores
- Super Market & Hyper Market
- North America
- ·South America
- ·Middle East