Diabetic Footwear Market Size To Reach $14.9 Billion By 2032 | 6.4% CAGR – By IMF
The Global Diabetic Footwear Market Size is Expected to Grow at 6.4% CAGR over the forecast period of 2022-2032, opines Future Market Insights (IMF).
Diabetic shoes with distinct vital components such as raw material and comfort are becoming more and more popular among diabetic patients all over the world.
They help reduce the risk of skin lesions in diabetic patients with pre-existing eating problems.
The overall market demand is driven by the increased innovation of major players to offer personalized and attractive diabetic shoes to meet the latest fashion trends, especially among the female population.
The quality of life of diabetic patients has improved significantly when they regularly use diabetic shoes.
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The adoption of these shoes is also increasing as they are cost effective with professional care services such as treating diabetic foot ulcers and amputations.
This aspect is expected to boost diabetic shoe sales in the coming years. Also, the increased demand for unique designs and comfort will benefit the global diabetic footwear market.
Rising health awareness and easy availability is expected to improve the demand for diabetic shoes.
Additionally, market players are offering more suitable diabetic shoes owing to the growing awareness among diabetic patients.
Wellness Diabetes, for example, offers high-quality microcellular polymer shoes customized for patients with calluses, corns or other foot deformities.
Based on these aforementioned factors, the global diabetic footwear market is estimated to exceed US$14.9 billion end of 2032.
Key points to remember
- Dress shoes are expected to account for the majority of the market in terms of type owing to the increased awareness for a healthy and active lifestyle.
- In terms of width, the medium-width segment holds a large share of 29.5% in 2021.
- On the basis of end-user, women are expected to hold a considerable share of the end-user market owing to the increased prevalence of diabetes among women
- Based on patient type, the outpatient category is expected to grow rapidly with a CAGR of 8.3% over the projection period.
- The United States held a remarkable value share of 67.6% in North America in 2021 due to the increasing prevalence of diabetes in the country.
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Major diabetic shoe manufacturers are focusing on aggressive promotional strategies, advertisements and new product launches which have driven the diabetic shoe sales growth globally.
Major Players in the Diabetic Footwear Market are:
Daifuku, DJO, LLC (Dr. Comfort), Drewshoe, Incorporated, Orthofeet Inc., DARCO International, Inc., Clearwell Mobility Company, Supad, Aetrex Worldwide, Inc., Gravity Defyer Corp., Kinetec Medical Products Ltd, Horng Shin Footwear Co., Watts Footwear, ASICS Corporation, Advance Diabetic Solution, Dr Zen Products, Inc., Sensoria Health, among others.
Get more valuable insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global diabetic footwear market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032.
The study discloses compelling information about the Diabetic Footwear Market based on Product Type (Dress Shoes, Running Shoes, Walking Shoes, Others), Patient Type (Outpatient and Inpatient), End User (men and women), width (narrow, medium, wide and others). ) and sales channel (direct sales, footwear specialty stores, medical and health centers, online retailers, single-brand stores and other sales channels) in seven major regions.
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Global Diabetic Footwear Market by Category
By product type:
- Dress shoes
- Running shoes
- Walking shoes
By type of patient:
Per end user:
By sales channel:
- direct sales
- Specialty shoe stores
- Medical and health centers
- Online retailers
- Single-brand stores
- Other sales channel
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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