Diabetic Footwear Market to Reach $ 9.7 Billion by 2025
Rising awareness among
diabetic patients, increasing disposable income and rising product availability
to drive global diabetic footwear market during the forecast period
According
to TechSci Research report, “Global Diabetic Footwear Market By Product, By End User,
By Distribution Channel, By Region, Competition, Forecast & Opportunities,
2025”, the global diabetic footwear
market is projected to cross $ 9.7 billion by 2025 on account of increasing product
innovations, rising disposable income and growing
adoption of diabetic footwear to minimize the risk of skin breakdown caused by
poor circulation, neuropathy and foot deformities. These specially designed
shoes are recommended by doctors as they can help reduce risk and promote
healthy blood circulation in feet. To meet the recent fashion trends, primarily
among women consumers, the leading players are focusing more towards developing
customized and fashionable diabetic footwear, which is expected to further
drive global diabetic footwear market through 2025.
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The global
diabetic footwear market is segmented based on the product, end-user, distribution
channel and region. Based on the distribution channel, the market is bifurcated
into Store-based and Non-store based. Until 2019, the store distribution
channel segment dominated the diabetic footwear market. This dominance can be
attributed to preferred choice by the consumers as well as healthcare
professionals towards Store-based purchases as these specially designed shoes
require proper fitting and expert guidance before their use, and these
requirements are difficult to be fulfilled through online platforms. In terms of end-user, the market can be bifurcated into women and men. Out of which, the men end-user
segment dominated the market with a majority share in the diabetic footwear
market on account of the higher number of male diabetic patients. However,
women diabetic footwear market will be growing at a higher rate than men in the
coming years. Increasing focus on research
and development is also driving the market. Purdue University’s researchers
have developed a shoe insole that can aid in healing the diabetic foot ulcer. Podartis S.r.l., American Aetrex Worldwide, Inc., Orthofeet
Inc, Drew Shoes (U.S.), Dr. Comfort, DJO Global Inc (U.S.), Dr. Zen Products,
Inc. (U.S.), Propet USA, Inc. (U.S.), DARCO International, I-Runner (U.S.),
Finn Comfort (U.S.), Pilgrim shoes (U.S.), Hush Puppies Retail, Inc., New
Balance, Inc., and among others are some of the leading players
operating in global diabetic footwear market.
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“North
America holds the largest share in the global diabetic footwear market,
followed by the Asia-Pacific. Moreover, Asia-Pacific region is projected to
register highest CAGR in the coming years which can be attributed to surge in
population, increase in ageing population, an increasing number of type 2
diabetic patients, rise in disposable income, and growing awareness about
diabetes and its impact on foot health. Also, there is an increasing number of
people with the Impaired Glucose Tolerance, which is making people at risk of
getting diabetes in future.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Global Diabetic Footwear Market By Product, By End
User, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global diabetic footwear market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global diabetic footwear market.
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