Diabetic Footwear Market to Expand at a CAGR of 6.8%. Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand and Opportunities During 2022-2028

Market Overview:
Global Diabetic Footwear Market was valued at USD 7.14 Billion in 2021 and is expected to reach USD 11.32 Billion by the year 2028, at a CAGR of 6.8%.

Diabetes is a chronic (long-lasting) health condition that affects the body's mechanism of turning food into energy. The risk of skin breakdown in diabetics is reduced by diabetic shoes, also referred to as therapeutic shoes or sugar shoes. It is also employed to address the issue of improper blood circulation in the lower limbs. The primary purpose of these shoes is to prevent foot injuries so that problems like ulcers, strains, and amputation risk can be reduced.

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Market Dynamics:
Driver:
Since diabetic shoes provide more comfort for diabetics than slippers and sandals, the shoe sector dominates the diabetic footwear market. Various government initiatives have been launched in the area to educate the public about the causes of diabetes. For instance, the American Diabetes Association has chapters all over the country to educate people about diabetes prevention and care. This propels the growth of the Diabetic Footwear Market.

Opportunities:
The government of various countries initiatives has been launched in the area to educate the public about the causes of diabetes. Governments everywhere are working hard to provide medical aid for their less fortunate citizens, which is opening up opportunities for market players. Anodyne, LLC, a significant supplier of clinical footwear products frequently prescribed for diabetic patients, announced in May 2022 that Health Edge Investment Partners, LLC, a private equity fund with a focus on the healthcare industry, had completed an investment in the business. Furthermore, 97 million people in the Middle East and Africa suffer from diabetes. Market players can target this large number of individuals from untapped countries to increase their sales. This investment offers a huge opportunity for the Diabetic Footwear Market during the forecast period.

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Market Segmentation For Diabetic Footwear
By type, the shoe segment is expected to generate the highest revenue from the diabetic footwear market. A high degree of customer demand for several types of casual medical footwear and the growing sports trends are the main factors driving the growth of the segment. A good diabetic shoe gives not only comfort but also protection. Diabetic shoes help to prevent ulcers, foot strains, and calluses. To avoid irritation caused by materials rubbing against the foot as one moves, the interior is composed of comfortable seam-free fabrics with no stitching. A big toe-box is provided in diabetic shoes to allow extra room for the toes, which is especially significant when considering abnormalities like bunions or hammertoes.
• Shoes
• Sandals
• Slippers

By end-user, the men segment is precited to contribute more than the women segment in the projected timeframe. Men are more likely than women to be diagnosed with diabetes, according to the Centers for Disease Control and Prevention (CDC). Men have more visceral fat (mostly abdominal) than women. Visceral fat is more metabolically active than subcutaneous fat, which means it produces hormones that can have an impact on a person's health. A higher risk of metabolic syndrome, including type 2 diabetes, is significantly connected with more visceral fat thereby, supporting the growth of the segments.
• Men
• Women

By distribution channel, the offline segment is projected to have the lion's share of the diabetic footwear market. The well-developed retail infrastructure in developed as well as developing regions in promoting individuals to buy diabetic footwear from specialty stores. Offline buying of shoes eliminates the buying of counterfeit products as well individuals can try out several options before buying the right pair. Furthermore, the expanding number of pharmacies around the world that offer diabetic shoes is boosting the growth of the segment.
• Online
• Offline

Regional Analysis of Diabetic Footwear Market:
The diabetic footwear market in the Asia-Pacific region is anticipated to develop at the highest CAGR over the analysis period attributed to the rapid explosion in the number of diabetic individuals. China, India, Pakistan, and Indonesia are the prominent countries having the largest number of diabetic patients respectively. Governments of the respective regions have launched several national programs to control the spread of diabetes. For instance, the National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) was launched by the Indian government in 2010, to strengthen the infrastructure, human resource development, and promote good health hygiene. The government also circulated measures to avoid diabetic foot problems, similar initiatives by other economies in this region are expected to support the growth of the market in this region.

The North American region is forecasted to have the highest share of the diabetic footwear market attributed to the rising incidences of DFU in this region. Economies in this region are highly developed and the per capita spending in this region is also high. Diabetic patients in this region are more concerned about their feet health thus, willingly adopt innovative products for the treatment of DFU. It is estimated that in 2021, near about 51 million individuals have diabetes and this number is projected to reach 63 million by 2045. Diabetes is the main cause of nontraumatic lower-extremity amputations in the United States, with an amputation occurring in 14 to 24 percent of diabetic individuals who develop a foot ulcer thus, supporting the expansion of the diabetic footwear market in this region.

The diabetic footwear market in the European region is expected to flourish at a significant growth rate. The population's awareness of health and hygiene, as well as their spending on healthcare products, has resulted in expected sales of diabetic footwear in this region. In addition, the growing sports and leisure trends among the population have stimulated market platers to design innovative diabetic footwear for their customers. Soon, it is projected that the availability of products with advanced, excellent foot comfort characteristics will continue to be a positive factor for the development of the diabetic footwear market in this region.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Diabetic Footwear market are:
• Advanced Diabetic Solutions (US)
• Alkem Laboratories Ltd (India)
• Etonic Worldwide LLC (US)
• Aetrex Worldwide Inc. (the US)
• Orthofeet Inc. (the US)
• Dr. Comfort LLC (US)
• Dr. Zen Inc. (the US)
• DARCO International Inc. (US)
• Drew Shoe Corporation (US)
• Apex Foot Health Industries LLC (US)
• Podartis Srl (Italy) and other major players.

Recent Industry Developments in Diabetic Footwear Market:
In January 2022, Alkem Laboratories Ltd announced the launch of patented technology for the treatment of Diabetic Foot Ulcer (DFU) for its customers in India. The solution will be based on cutting-edge 4D Bioprinting technology and will be used to treat deep, non-healing chronic wounds. It is scheduled to enter the Indian market in the second half of 2022, following regulatory approval.

In December 2021, DARCO International, Inc. and Sensoria® Health have announced a collaboration to produce smart diabetic footwear that is powered by mobile and cloud patient monitoring technology. Sensoria's industry-leading remote patient monitoring software and Sensoria® Core hardware solutions will be integrated with DARCO's world-class podiatry products in this new partnership.

Key Questions Answered in the Report Include:
1. What will the market size and the growth rate be in 2028?
2. What are the key factors driving the global Diabetic Footwear Market?
3. What are the key market trends impacting the growth of the global Diabetic Footwear Market?
4. What are the challenges to market growth?
5. Who are the key vendors in the global Diabetic Footwear Market?
6. What are the market opportunities and threats faced by the vendors in the global Diabetic Footwear Market?
7. What are the key outcomes of the five forces analysis of the global Diabetic Footwear Market?

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