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Diabetic Footwear Market 2020 | Know the Latest COVID19 Impact Analysis And Strategies of Key Players: Podartis Srl, DJO Global, Aetrex Worldwide, Dr. Zen Products, Orthofeet, Propet USA, Inc
Diabetic Footwear Market
The global diabetic footwear market is projected to reach $9,904 million by 2025, registering a CAGR of 8.7% from 2018 to 2025. Diabetic footwear are specially designed footwear that offer protection for diabetic feet and reduce the risk of skin breakdown caused by poor circulation, neuropathy, and foot deformities. The diabetic footwear comes with variety of features such as non-binding uppers, stretchable uppers, orthotic support, extra depth design for pressure free fit, deep-toe-box, functional soles, and others. Diabetic footwear are biomechanically engineered and are often used by athletes and regular people suffering from foot deformities caused by diabetes.
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The global diabetic footwear market is anticipated to witness robust growth in the emerging markets of Asia-Pacific along with continued growth in the established market of North America. The growth of the diabetic footwear market is attributed to the increase in the number of obesity cases along with increase in life expectancy due to better healthcare facilities, which in turn increase the overall diabetic population.
Rise in internet penetration along with the increase in adoption of social media help boost the awareness among common people about possible treatments for deformities caused by diabetes. This helps improve the adoption of diabetic footwear; and thus, provide growth opportunities in the coming years.
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The report segments the diabetic footwear market based on distribution channel, end user, type, and region. Based on distribution channel, the specialty store segment was the major revenue contributor in the diabetic footwear market in 2018. In addition, the online platform segment is expected to witness a gaining market share due to increase in Internet penetration and ease of use. However, the women segment is expected to be the fastest growing end user segment, growing at a significant CAGR during the forecast period.
The leading players in the diabetic footwear market have focused on providing customized solutions to consumers as their key strategies to gain a significant share in the market. Strategies such as product launch and acquisition have also helped the key players to gain a significant share in the global diabetic footwear market. The key players profiled in the report include Podartis Srl (Italy), DJO Global Inc. (U.S.), Aetrex Worldwide, Inc. (U.S.), Dr. Zen Products, Inc. (U.S.), Orthofeet Inc. (U.S.), Propet USA, Inc. (U.S.), I-Runner (U.S.), Pilgrim shoes (U.S.), Finn Comfort (U.S.), and Drew Shoes (U.S.).
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