Global Diabetic Footwear Market size is projected to be valued $9 Billion by 2024; with a CAGR of 7.3% from 2017 to 2025. Diabetic foot wears are worn in order to reduce foot ulceration and amputation risk in people suffering from diabetes. Diabetic footwear have come a long way, they are now available in various shapes and styles. 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. In the developed countries such as the U.S., high growth in diabetic patient has been noticed which would further fuel the market for diabetic footwear.
Increasing number of diabetic patients globally and rising disposable income in emerging economies leading to high spending on diabetes treatment is the major factor supporting the growth of the market. Moreover, increasing awareness, government initiatives and availability of customized and fashionable footwear also fuels the growth of the market. However, high cost of diabetic shoes and availability of sub-standard shoes at lower price could hamper the growth of the market. Furthermore, entry of new brands and untapped markets could provide opportunity growth for the upcoming years.
The global diabetic footwear market is segmented based on the distribution channel, end-use and geography. By distribution channel, it is further segmented into online stores, shoe stores, specialty stores, departmental 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 Podartis S.r.l., Dr Comfort, LLC., Apex Foot Health Industries LLC, Orthofeet Inc., Dr Zen Products, Inc., DARCO International, Inc., Advanced Diabetic Solutions, Drew Shoe Corporation, Aetrex Worldwide Inc., and Etonic Worldwide LLC, among others.
The report covers
The detailed analysis of Diabetic Footwear Market with respect to key segments such as distribution channel, end-use type and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Diabetic Footwear Market has been covered in the report
Profile of the major key players operating in the Diabetic Footwear Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies
Scope of the Global Diabetic Footwear Market
Distribution Channel Segments
Super Market & Hyper Market