Global Diabetic Footwear Market is anticipated to worth USD 5776 million by 2018, with a CAGR of 7.8% during 2019-2025. Diabetes is a chronic condition in which the pancreas produces little or no insulin in the body. The diabetic problem may cause poor control over blood sugar and can damage many parts of the body, including the nerves and vessels of the feet. Due to this reason, consumers suffering from diabetes have a high risk of developing foot problems which can be controlled using diabetic footwear hence it is influencing the sales of diabetic footwear across the globe. Increasing recommendation by doctors to use specially designed shoes that can reduce the risk and promote healthy circulation in feet and also aids in protecting the patient’s feet from injuries is surging the market growth of diabetic footwear. Moreover, the unique properties of diabetic footwear heal a variety of diabetic conditions such as inadequate blood circulation to legs and thus, help address foot pain and ulcers. Thus, the global diabetic footwear market is largely driven by the rising cases of diabetes, increased spending on diabetes treatment, and the growing geriatric population, characterized by a high incidence of diabetes.
Additionally, the increasing innovation activities by key players to develop customized and fashionable diabetic footwear to meet up with the recent fashion trend, primarily demanding from the woman population is playing a vital role in the growth of the market. Rising demand for new designs of shoes and increasing awareness about healthy and energetic lifestyles intensifying the growth of the global diabetic shoe market during the forecast period. The market has a wide opportunity with the budding role of e-commerce and the expansion of new brands in the market that would strengthen the growth of the diabetic shoe market worldwide.
Global Diabetic Footwear Market- Product Analysis
Based on the end-user, the global diabetic footwear market is categorized into men and women. The women's end-user segment is likely to hold the majority share in the diabetic footwear market and is expected to hold a significant share in the global market throughout the forecast period. This is mainly attributed to the higher number of women diabetic patients as women spend less time in a workout, which may cause the chances of diabetes among them. Also, the rise in awareness among women about the effects of diabetes on the body, improvement in online retail penetration, and foot care among diabetic patients drive the growth of the overall market worldwide. Moreover, the vendors are also focusing on developing fashionable and customized diabetic footwear to cater to the therapeutic and fashionable demands of female customers.
Global Diabetic Footwear Market- Distribution Channel Analysis
Among the distribution channels, the E-commerce segment is most lucrative, accounting for more than half of the revenue in the market, and is expected to remain substantially profitable in the near future, rising at a healthy growth rate during the forecast period. Diabetic footwear players are increasingly focusing on enhancing the online shopping experience through creative marketing and effective online education to encourage customers to buy diabetic footwear through online platforms. Additionally, the increased convenience, quick delivery services, and the availability of a wide range of products, also induce customers to prefer the E-commerce segment. However, the segment of the specialty store is also expected to expand strongly over the forecast period.
Global Diabetic Footwear Market- Regional Analysis
The Global Footwear Market on the basis of the region is categorized as North America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is the most dominant region in the global diabetic footwear market on account of the large population suffering from diabetes coupled with an increase in expenditure on diabetes treatment and a rise in the size of the geriatric population. Moreover, the increase in disposable incomes has resulted in a rise in demand for diabetic footwear in this region. Also, an increase in the diabetic populace coupled with the availability of relatively cheap products from unorganized players in India and China augments the growth of the diabetic footwear market in the region. However, North America is the second largest region, in terms of value, in the global diabetic footwear market which is followed by the European region. In North America, various government initiatives have been put forth in the region to raise awareness of the causes of diabetes among the public.
Global Diabetic Footwear Market: Competitive Landscape
The key players operating in the global diabetic footwear market include Etonic Worldwide LLC, Podartis Srl., DARCO International Inc., Aetrex Worldwide Inc., Apex Foot Health Industries LLC, Dr. Comfort LLC, Advance Diabetic Solution, Dr. Zen Products, Inc., Drew Shoe Corporation, and Orthofeet Inc. Most of the key players are engaged in adopting strategies such as mergers and acquisitions, collaborations, and new product development to increase their global market share.
Objective of the Study:
To analyze and forecast the market size of the global diabetic footwear market, in terms
To examine the careful market segmentation and forecast the market size, based on region, segmented into 5 regions, namely, North America, Europe, Asia Pacific, MEA, & LATAM and major countries in the respective regions.
To outline, categorized, and forecast the global diabetic footwear market based on product type and End-User and distribution channel.
To examine competitive developments like expansions, technological advancement, new product launches, services, and regulative framework within the global diabetic footwear market.
To identify the drivers and challenges for the global diabetic footwear market.
To spot the profile of leading players and an array of strategic outlook and SWOT analysis of major industry players.
Scope of the Report
By Distribution Channel
In addition, the report provides analysis of the Diabetic Footwear market with respect to the following geographic segments:
Asia Pacific (APAC)
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With three additional company detail analysis.
Additional country analysis.
Detailed segment analysis.