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 worn in order to reduce foot ulceration and amputation risk in people suffering from diabetes. Diabetes is a lifestyle disease. 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. Foot ulceration and debilitating complications affects the diabetic patients and the long term outcome can be amputation. People with diabetes are recommended to wear insoles accommodated within foot wear to reduce the stress on mechanical tissue on the plantar surface of the foot to prevent foot ulceration. Diabetic footwear have come a long way, they are now available in various shapes and styles.
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 Orthofeet Inc., Dr Zen Products, Inc., Podartis S.r.l., Dr Comfort, LLC., Apex Foot Health Industries LLC, DARCO International, Inc., 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
- Online Stores
- Shoe Stores
- Specialty Stores
- Departmental Stores
- Super Market & Hyper Market
- North America
- South America
- Middle East