Press release
Diabetic Footwear Market Anticipated To Witness Robust Growth, Surpassing $13.73 Billion By 2029
Diabetic Footwear
What Is the Current Diabetic Footwear Market Size and Its Estimated Growth Rate?
The market size for diabetic footwear has witnessed substantial expansion over the past few years. The market is projected to surge from $8.45 billion in 2024 to $9.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. Key factors driving growth in the previous period include increased cases of diabetes, an aging demographic, complications related to the diabetic foot, the comfort and support offered by diabetic footwear, and heightened awareness regarding health.
In the forthcoming years, the diabetic footwear market is projected to expand rapidly, reaching $13.73 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%. This growth over the projected period can be linked to factors such as increased awareness about diabetic foot health, footwear designed for active lifestyles, sustainable and environment-friendly materials, new market developments, and advances in non-invasive monitoring technologies. Key trends for the forecasted period comprise of customized orthopedic shoes, advancements in footwear technology, telehealth services and remote consultations, technological innovation, as well as strategic partnerships.
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How Are Emerging Segments Shaping the Diabetic Footwear Market Landscape?
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 Channels
3) By End User: Men, Women
Subsegments:
1) By Shoes: Athletic Shoes, Dress Shoes, Casual Shoes, Therapeutic Shoes
2) By Sandals: Open-Toe Sandals, Closed-Toe Sandals, Adjustable Sandals
3) By Slippers: Indoor Slippers, Outdoor Slippers, Heated Slippers
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Which Growth Factors Are Influencing Diabetic Footwear Market Expansion?
The surge in diabetic cases is expected to stimulate the progression of the diabetic footwear market. Diabetes, a long-lasting health disorder leading to high blood glucose levels, can result in severe foot health issues. Diabetic footwear can assist in evading these problems, providing benefits like improved blood circulation, a spacious toe box, and comfort to alleviate pressure on areas of the foot prone to pain. As per a report by the Institute For Health Metrics and Evaluation, a US-based independent population health research organization, in June 2023, the number of people affected is predicted to more than double to 1.3 billion over the next three decades. Moreover, by 2050, the global diabetic population is forecasted to reach 529 million. Thus, the swelling count of diabetic patients is fueling the expansion of the diabetic footwear market.
Who Are the Dominant Players Across Different Diabetic Footwear Market Segments?
Major companies operating in the diabetic footwear market include Podartis Srl Co., DJO Global Inc., Aetrex Worldwide Inc., Orthofeet Inc., Dr. Comfort llc, Drew Shoe Corp., New Balance Inc., Finn Comfort USA Inc., Diabetic Soles Inc., Hanger Inc., Hush Puppies Retail Inc., DARCO International Inc., Apex Foot Health Industries LLC, Propét USA Inc., 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
What Are the Latest Developing Trends in the Diabetic Footwear Market?
Leading businesses in the diabetic footwear market are striving to develop innovative items such as intelligent footwear to improve patient care and promote healthier outcomes. These intelligent footwear frequently incorporate cutting-edge features like pressure sensors and monitoring systems that facilitate early detection of foot problems, thus minimizing the likelihood of complications such as ulcers and amputations. For instance, in March 2024, nine students from the Oman College of Health Sciences, a learning institution in Oman, created a smart shoe aimed at reducing the complications faced by diabetic patients. This novel footwear is targeted towards tackling severe health issues related to diabetes, particularly diabetic foot complications, which could escalate to serious results like foot ulcers and amputations.
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Which Geographic Regions Are Expected to Dominate the Diabetic Footwear Market in the Coming Years?
North America was the largest region in the diabetic footwear market in 2024. The regions covered in the diabetic footwear market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Diabetic Footwear Market?
2. What is the CAGR expected in the Diabetic Footwear Market?
3. What Are the Key Innovations Transforming the Diabetic Footwear Industry?
4. Which Region Is Leading the Diabetic Footwear Market?
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