The Diabetic Footwear Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Diabetic Footwear Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Diabetic Footwear Market Characteristics
3. Diabetic Footwear Market Trends And Strategies
4. Diabetic Footwear Market – Macro Economic Scenario
5. Global Diabetic Footwear Market Size and Growth
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26. South America Diabetic Footwear Market
27. Brazil Diabetic Footwear Market
28. Middle East Diabetic Footwear Market
29. Africa Diabetic Footwear Market
30. Diabetic Footwear Market Competitive Landscape And Company Profiles
Top Major Players:
- Podartis Srl Co
- DJO Global Inc
- Aetrex Worldwide Inc
- Dr. Zen Products Inc
- Orthofeet Inc
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