Press release
Diabetic Footwear Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Podartis Srl Co., DJO Global Inc., Aetrex Worldwide Inc., Dr. Zen Products Inc., Orthofeet Inc
Diabetic Footwear Market Size
The Business Research Company offers in-depth market insights through Diabetic Footwear Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The diabetic footwear market size has grown rapidly in recent years. It will grow from $7.86 billion in 2023 to $8.67 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to diabetes prevalence, aging population, diabetic foot complications, footwear comfort and support, and growing health awareness.
The diabetic footwear market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to growing diabetic foot health education, footwear for active lifestyles, sustainable and eco-friendly materials, emerging market expansion, and growing non-invasive monitoring technologies. Major trends in the forecast period include personalized orthopedic footwear, technological footwear innovations, telehealth and remote consultations, technological innovations, and strategic partnerships.
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Market Segmentation:
The main types of diabetic footwear are shoes, sandals, and slippers. The diabetic shoes are made of special protective inserts and soft materials and are used for increasing blood circulation and nerve sensation, having a wide toe box, and massaging to reduce pressure. The various distribution channels include online platforms, specialty stores, footwear stores, and others and are used by various end-users, including men, women.
Major Driver - Rising Diabetic Population Fuels Growth In The Diabetic Footwear Market
The increase in the number of diabetic patients will propel the growth of the diabetic footwear market going forward. Diabetes is a chronic health condition that results in high blood glucose levels. Diabetic footwear can help prevent serious foot health complications that can arise as a result of diabetes and also provide the necessary benefits such as increased blood circulation, a wide toe box, and massaging to reduce pressure in the areas of the foot that are most susceptible to pain. For instance, in 2021, according to the report published by the International Diabetes Federation, a Belgium-based umbrella organization of 230 national diabetes associations, there were 537 million people suffering from diabetes around the world 2021, respectively. Also, by 2030, the overall number of diabetics is expected to reach 643 million, and by 2045, it will reach 783 million. Therefore, the increasing number of diabetic patients is driving the growth of the diabetic footwear market.
Competitive Landscape:
Major companies operating in the diabetic footwear market include Podartis Srl Co., DJO Global Inc., Aetrex Worldwide Inc., Dr. Zen Products Inc., Orthofeet Inc., Dr. Comfort llc, Drew Shoe Corp., New Balance Inc., I-Runner, Finn Comfort USA Inc., Pilgrim shoes & Sewing Machine Co. Inc., Diabetic Soles Inc., Hanger Inc., Hush Puppies Retail Inc., Etonic Worldwide LLC, DARCO International Inc., Apex Foot Health Industries LLC, Propét USA Inc., Toback Podiatry PLC, Anodyne Shoes LLC, P.W. Minor and Son Inc., Pedorthic Shoe Company, Vionic Group LLC, San Antonio Shoe Inc., PediFix Inc., Scholl's Wellness Company LLC, Orthotic Shop Inc., Orthopedic Footwear LLC, ORTHO BioVue, OrthoPro Services Inc.
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Top Trend - Technological Innovations Revolutionizing The Diabetic Footwear Market
Technological advancements are a key trend gaining popularity in the diabetic footwear market. Major companies operating in the diabetic footwear market are developing new technologies to strengthen their position in the market. For instance, in December 2021, Von Wellx, a Germany-based company that specializes in footwear that provides health benefits, launched diabetic footwear based on reflex zones technology. The footwear functions by massaging the pressure points in the foot, similar to walking barefoot on grass, stimulating blood circulation and oxygen, thereby energizing the body and resulting in minimal exhaustion throughout the day, even when standing and walking for 12 hours or more. It also gives the benefit of walking 8000 steps with only 3000 steps because the spring and massaging function work the user's foot muscles 2.5 times per step.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Diabetic Footwear Market Characteristics
3. Diabetic Footwear Market Trends And Strategies
4. Diabetic Footwear Market - Macro Economic Scenario
5. Diabetic Footwear Market Size And Growth
…..
27. Diabetic Footwear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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