Press release
Diabetic Footwear Market 2024-2033: Future Outlook, Global Trends, Industry Share And Top Key Players
Diabetic Footwear Market
As per the report, 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 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%.
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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.
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 diabetic footwear market covered in this report is segmented -
1) By Type: Shoes, Sandals, Slippers
2) By Distribution Channel: Online Platform, Specialty Stores, Footwear Stores, Other Distribution Channles
3) By End User: Men, Women
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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.
Contents of the report:
1. Executive Summary
2. Diabetic Footwear Market Report Structure
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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