Press release
Diabetic Socks Market Predicted to Witness Surge in The Near Future
According to the latest market report published by Persistence Market Research titled ‘Diabetic Socks Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,’ the global diabetic socks market is expected to expand at a CAGR of approximately 4.8% during the forecast period 2017-2025.
The market is segmented based on product type, material type, distribution channel and region. On the basis of product type the market has been segmented into regular socks and smart socks. By product type, the regular socks segment is expected to remain the largest segment, registering a CAGR of above 4% in terms of value during the forecast period. The regular socks product type segment is expected to reach a market value of US$ 192.8 Mn by 2025 end.
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On the basis of material type, the diabetic socks market has been segmented as polyester, cotton, nylon, spandex, lycra and others. The others segment is expected to remain the largest segment, registering a CAGR of above 5% in terms of value over the forecast period. The others material type segment is expected to reach a market value of US$ 96.5 Mn by 2025 end.
On the basis of distribution channel, the global diabetic socks market has been segmented as retail stores, online stores, modern trade, pharmacies, clinics and other healthcare facilities. By distribution channel, the online stores segment is expected to remain the largest segment, registering a CAGR of above 6% in terms of value over the forecast period. The online stores segment is expected to reach a market value of US$ 61.1 Mn by 2025 end.
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On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is estimated to dominate the global diabetic socks market with maximum value share of the overall market recorded in 2016. The North America diabetic socks market is expected to register a CAGR of more than 4% over the forecast period to reach a market value of US$ 60.7 Mn by 2025 end.
Some of the key players in the global diabetic socks market across the value chain are BSN Medical, Therafirm, SIGVARIS, SIMCAN ENTERPRISES INC, 3M, Veba Inc.,Siren care, Intersocks S.R.L, THORLO, Inc, Cupron and Cresswell Socks Mill. Companies are focusing on collaborating with established research centers to develop new products. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of companies’ specific strengths, weaknesses, opportunities and threats.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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