Global Diabetic Footwear Market to Reach US$13,219.0

SEATTLE, March 03, 2022 (GLOBE NEWSWIRE) — The world diabetic footwear market is estimated to reach US$7,216.3 million in 2021 and is expected to grow at a CAGR of 7.86% during the forecast period (2021-2028).

Key Global Diabetic Footwear Market Trends and Analysis:

Diabetic shoes with unique important elements such as raw material and comfort are becoming more and more popular among diabetic patients all over the world, as they help to reduce the risk of skin damage in diabetic patients with diabetic problems. pre-existing food. During the forecast period, the global diabetic shoes market is expected to grow owing to an increase in innovation and development activities by the major market players to offer customized and attractive diabetic shoes to satisfy the latest fashion trends, especially among the female population.

Factors such as increasing prevalence of diabetes among the global population across the globe are expected to intensify the growth of the global diabetic footwear market over the forecast period. For example, the global incidence of diabetes in adults was 8.5% in 2014, which increased to 9.3% in 2019. Additionally, the growth in the aging population is expected to positively drive the growth of the market for footwear for diabetics (shoes). over the forecast period. Apart from this, the increasing demand for custom diabetic shoes is expected to be the driving factor for the growth of the diabetic shoes market.

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Main market takeaways:

The global diabetic footwear market is expected to grow at a CAGR of 7.86% over the forecast period (2021-2028). Diabetic shoes are mainly used by the older population. Growing concerns about side effects associated with synthetic drugs are changing the preference for safer options. Consumers prefer diabetic shoes and other healthy remedies to reduce the impact of pre-diabetic cells. Medical upgrades and technological advancements such as personalized medicine, 3D printing, robotic surgery, and others are expected to drive the market growth in the coming years.

Specialty footwear available in insert sole, hybrid lasts and flexible insole. With this, consumers can use this product for other purposes including improving posture, relieving pain in the lower body, and also as protection against minor injuries that may harm a diabetic person. This factor is expected to boost the demand for the products in the near future. Pharmaceutical outlets and specialty diabetic footwear stores are expected to remain the primary channels for customers to purchase diabetic footwear. In addition, urbanization and rising disposable incomes in emerging economies, notably India and China, are expected to drive spending on the creation of new specialty outlets ensuring a large supply of products as well as other accessories such as insulin pen, blood glucose meter, etc.

Competitive Landscape:

The major players operating in the global diabetic shoes market are Podartis Srl, Aetrex Worldwide Inc., Orthofeet Inc., Etonic Shoes, Drew Shoe, Dr. Comfort, DARCO International, Duna Srl, Hong Kong Grace Shoes and Dr. Zen Product , Inc. .

Mergers and acquisitions, strategic collaborations, new product launches and business expansions are the major strategies adopted by major players to retain their market share. For example, several institutes such as CSIR, University of Manchester and others focus on the development of diabetic footwear. For example, in October 2019, the University of Manchester and the Manchester Diabetes Center tested the effectiveness of a shoe insole system that tracks pressures and provides instant feedback, prompting users to adjust their behavior or position to alleviate or relieve the type of pressure that can cause ulcers.

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Market segmentation :

  • Global Diabetic Footwear Market, By Product Type:
  • Global Diabetic Footwear Market, Market, by Distribution Channel:
    • Online stores
    • Supermarkets
    • Hypermarkets
    • Specialty stores
    • Others
  • Global Diabetic Footwear Market, Market, By End User:
  • Global Diabetic Footwear Market, Market, By Region:
    • North America
    • Latin America
      • By country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • The rest of Europe
    • Asia Pacific
      • By country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia-Pacific
    • Middle East and Africa

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