Diabetic Footwear Market - Insights, Size, Share |Key Players are Podartis S.r.l., Aetrex Worldwide Inc., Orthofeet Inc., Etonic Shoes

Diabetes is a chronic disease caused by lack or lower levels of insulin in the body. A person suffering from diabetes may develop sores, abscesses, ulcers, or loss of sensation in parts of the body, predominantly in feet.

Unique properties of diabetic footwear help heal a variety of diabetic conditions such as inadequate blood circulation to legs and thus, help address foot pain and ulcers. Diabetes is classified as Type 1, Type 2, and gestational diabetes. Type 2 diabetes, the most common type, is caused mainly due to obesity and reduced physical activity. Global diabetic footwear market is largely driven by the rising cases of diabetes, increased spending on diabetes treatment, and growing geriatric population, characterized by high incidence of diabetes.

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Men were the biggest end users of diabetic footwear globally in 2016. According to a report by National Health Service, males are more prone to diabetes and need to gain far less weight than females to develop the disease. However, women are expected to be the fastest growing end users of diabetic footwear during the forecast period. Diabetic footwear products include sandals, shoes, and slippers. Availability of diabetic footwear in different models gained them wide acceptance among the public for use in any occasion.

North America is the second largest region, in terms of value, in the global diabetic footwear market, closely followed by Europe. North America was valued at US$ 1,179.9 Mn in 2016. Various government initiatives have been put forth in the region to raise awareness on causes of diabetes among public. For instance, American Diabetes Association is spread throughout the U.S. to raise alertness amongst the public on precautions and treatment pertaining to diabetes. In addition to this, National Institute of Diabetes has decided to follow November of every year as National Diabetes Month. The diabetic footwear market is expected to grow at a significant rate, owing to the introduction of new brands in the market. Growing popularity of e-commerce is expected to have a positive impact on the growth of the global diabetic footwear market. Large geriatric population in North America and Europe accounted for a rise in number of diabetic cases in these regions. According to Population Reference Bureau, Statistics Canada and EU, geriatric population reported in North America was 51 million and 94 million in Europe. The aforementioned factor is expected to propel the market growth in North America over the forecast period.

The global diabetic footwear market was valued at US$ 5,331.8 Mn in 2016 and is expected to expand at a CAGR of 7.86%, in terms of revenue, during 2017 – 2025.

Asia Pacific and North America accounted for major shares in the global diabetic footwear market, both in terms of revenue and volume, in 2016 and are expected to dominate over the forecast period. However, lack of awareness among people in rural areas of emerging economies and premium pricing is a major restraint for the market growth, especially in Asia Pacific.

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Key questions answered in Diabetic Footwear Market Market report:

• What will the market size be in 2026 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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