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Diabetic Shoes Market Share and Growth Factors Impact Analysis 2031 || Aetrex Worldwide, Inc., Podartis Srl.

07-30-2024 11:21 AM CET | Consumer Goods & Retail

Press release from: Transparency Market Research

Diabetic Shoes Market Share and Growth Factors Impact Analysis

The global diabetic shoe market (pasar sepatu diabetes ) size was valued at around USD 5.8 billion in 2020 and is projected to reach a staggering USD 18.99 billion by 2031, exhibiting a healthy Compound Annual Growth Rate (CAGR) of 8.6%. This growth is fueled by rising diabetes prevalence, increasing geriatric population, and growing awareness about diabetic foot care.

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Market Size and Growth

Market research suggests a steady rise in the market size throughout the forecast period. Here's a glimpse into the projected growth trajectory:

Regions like North America and Europe are expected to witness significant growth due to established healthcare infrastructure and high diabetic population.
The Asia Pacific region is anticipated to show the fastest growth rate due to a rapidly aging population and increasing disposable income.

Market Segmentation

The diabetic shoe market can be segmented based on various factors:

By Service Type: Preventive footwear, therapeutic footwear, custom-made footwear
By Sourcing Type: Retail stores, online stores, healthcare providers
By Application: Men's diabetic shoes, women's diabetic shoes, unisex diabetic shoes
By Industry Vertical: Hospitals, clinics, diabetic care centers

Regional Analysis

North America currently dominates the market due to advanced healthcare facilities and high diabetes prevalence. However, the Asia Pacific region is expected to be the fastest-growing market due to factors mentioned earlier.

Market Drivers and Challenges

Drivers:

Rising diabetes prevalence
Growing geriatric population
Increasing awareness about diabetic foot care
Government initiatives for diabetic care

Challenges:

Reimbursement issues for diabetic footwear
High cost of advanced diabetic shoes
Lack of skilled personnel for proper footwear fitting

Market Trends

Growing demand for aesthetically pleasing diabetic shoes
Integration of advanced materials and technologies
Increasing focus on online sales channels
Rising popularity of custom-made diabetic shoes

Future Outlook

The diabetic shoe market (שוק נעלי סוכרת) holds immense potential for growth in the coming years. Rising awareness, technological advancements, and increasing disposable income in developing regions are expected to propel the market forward.

Key Market Study Points

Impact of COVID-19 on the diabetic shoe market
Technological innovations in diabetic footwear
Emerging markets with high growth potential
Strategies adopted by key players in the market

Competitive Landscape

The diabetic shoe market (Markt für Diabetikerschuhe) is moderately competitive with a presence of established players as well as new entrants. Some of the key players include Podartis Srl, DJO Global Inc., Aetrex Worldwide Inc., Dr. Zen Products Inc., Orthofeet Inc., and Propet USA Inc.

Recent Developments

Leading manufacturers are focusing on developing diabetic shoes with advanced features for better comfort and functionality.
Online retailers are expanding their product offerings and providing convenient purchasing options for diabetic patients.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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