Diabetic Footwear Market Size, Share, Trends, Regional Analysis & Forecast 2027 | Podartis S.r.l, Orthofeet Inc., Etonic Shoes, Drew Shoe, Dr. Comfort, DARCO International, Duna S.r.l, Hong Kong Grace Shoes, Aetrex Worldwide Inc.

Stratagem Market Insights delivers key insights on the Diabetic Footwear market in its published report, titled "Diabetic Footwear Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027." In terms of revenue, the global Diabetic Footwear market is estimated to expand at a CAGR of XX % during the forecast period, owing to numerous factors, about which SMI offers thorough insights and forecasts in the Diabetic Footwear market report. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Diabetic Footwear Market.

Report Description

Diabetes is a disorder caused due to lack or low levels of insulin in the body. A person suffering from diabetes is prone to develop sores, ulcers, or loss of insulin, which in severe cases can lead to amputation. Diabetic footwear helps protect the feet of a person suffering from diabetes from cuts or external injuries. It is specially designed to suit such needs and also offers properties that aid in rapid healing of such wounds. According to World Health Organization (WHO), in 1980, the number of people suffering from diabetes was 108 million and reached 422 million by 2014. The sharp increase in the number of people suffering from diabetes is attributed to the sedentary lifestyles coupled with an increased intake of sugar and other artificial sweeteners. Diabetic footwear helps address various diabetic conditions such as inadequate circulation of blood to the legs and in turn helps cure various foot ulcers and other foot-related complications. Diabetes is of three types, Type 1, Type 2, and Gestational diabetes.

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Market Dynamics

Asia Pacific was the largest market for diabetic footwear in 2016 and is expected to retain its dominance during the forecast period. The high number of diabetics globally is expected to result in an increase in demand for diabetic footwear, thus leading to the growth of the global diabetic footwear market. The high population of diabetics in India and China is a major driving factor for the market growth in Asia Pacific. This can be attributed to the changing lifestyles and increasing urbanization in these countries. Asia Pacific diabetic footwear market is expected to exhibit a CAGR of 8.07% during the forecast period. North America is the second largest region, valued at US$ 1,179.9 Mn in 2016 and is expected to expand at a CAGR of 7.91% during the forecast period.

In the report, SMI suggests that developing countries are estimated to register impressive growth in the Diabetic Footwear market during the forecast period. The growth is supported by the rising concerns towards the product and the growing following industry. Research also suggests that US and Europe is estimated to have promising potential in the development of the Diabetic Footwear market. Also, key players are expanding their production capabilities in order to outpace their competitors in the market.

The report offers detailed segmentation of the global Diabetic Footwear market based on type, system, application, route of administration, and geography. In terms of product/services type, the targeted type segment is expected to account for a dominant share of the global market during the forecast period.

Competition Landscape:
o Podartis S.r.l *
o Orthofeet Inc.
o Etonic Shoes
o Drew Shoe
o Dr. Comfort
o DARCO International
o Duna S.r.l
o Hong Kong Grace Shoes
o Aetrex Worldwide Inc.

Diabetic Footwear Market Segmentation:

Global Diabetic Footwear Market, By Product Type:
o Sandals
o Shoes
o Slippers

Global Diabetic Footwear Market, By Distribution Channel:
o Online Stores
o Supermarkets
o Hypermarkets
o Specialty Stores
o Others

Global Diabetic Footwear Market, By End User:
o Male
o Female
o Kids

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Diabetic Footwear Market: Regional Outlook

The Diabetic Footwear market can be segmented on the basis of geography into seven regions, namely North America, Eastern Europe, APEJ, Western Europe, Latin America, Japan, and MEA. North America is the leading vendor on the market due to the advancement in technology and being a well-developed region. APAC is expected to grow well in the forecast period and will lead the Diabetic Footwear market due to the rise in investments by the manufacturers in countries mainly in this sector. The rise in smart manufacturing will also help to the growth of Diabetic Footwear market. The Western and Eastern Europe is also growing and will continue to rise in the forecast period.

Key Questions Answered by the Report:

o What will be the size of the global Diabetic Footwear market in 2027?
o What is the cutting-edge CAGR of the global Diabetic Footwear market?
o Which product is expected to exhibit the best market growth?
o Which application is projected to reap a lion's share of the global Diabetic Footwear market?
o Which region is foretold to create the most variety of opportunities in the global Diabetic Footwear market?
o Will there be any modifications in market competition throughout the forecast period?
o Which are the top players currently running in the global Diabetic Footwear market?
o How will the market scenario change in the coming years?
o What are the frequent business strategies adopted by players?
o What is the growth outlook of the global Diabetic Footwear market?

The report's conclusion reveals the overall scope of the Global Diabetic Footwear Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.

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Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with a cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide. Our reports cover various end-use industries such as Aerospace and Defense, Agriculture, Food and Beverages, Automotive, Chemicals and Materials, Consumer Goods and Retail, Electronics, Energy, Mining, and Utilities, Pharmaceuticals, Manufacturing and Construction, Services, and Healthcare, and ICT.

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