Diabetic shoes with distinct vital components such as raw material and comfort are becoming more and more popular among diabetic patients all over the world. They help reduce the risk of skin lesions in diabetic patients with pre-existing eating problems.
The Global Diabetic Footwear Market is Expected to Grow at 6.4% CAGR over the forecast period of 2022-2032, opines Future Market Insights (IMF). The overall market demand is driven by the increased innovation of major players to offer personalized and attractive diabetic shoes to meet the latest fashion trends, especially among the female population.
The quality of life of diabetic patients is significantly improved when they use diabetic shoes regularly. The adoption of these shoes is also increasing as they are cost effective with professional care services such as treating diabetic foot ulcers and amputations.
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This aspect is expected to boost diabetic shoe sales in the coming years. Also, the increased demand for unique designs and comfort will benefit the global diabetic footwear market. Rising health awareness and easy availability is expected to improve the demand for diabetic shoes.
Additionally, market players are offering more suitable diabetic shoes owing to the growing awareness among diabetic patients. Wellness Diabetes, for example, offers high-quality microcellular polymer shoes customized for patients with calluses, corns or other foot deformities.
Based on these aforementioned factors, the global diabetic footwear market is estimated to exceed US$14.9 billion end of 2032.
Key points to remember
- Dress shoes are expected to account for the majority of the market in terms of type owing to the increased awareness for a healthy and active lifestyle.
- In terms of width, the medium-width segment holds a large share of 29.5% in 2021.
- On the basis of end-user, women are expected to hold a considerable share of the end-user market owing to the increased prevalence of diabetes among women
- Based on patient type, the outpatient category is expected to grow rapidly with a CAGR of 8.3% over the projection period.
- The United States held a remarkable value share of 67.6% in North America in 2021 due to the increasing prevalence of diabetes in the country.
“Product innovation and international business expansion coupled with improving millennial lifestyles will drive the growth of the diabetic footwear market. Additionally, the growing health awareness of baby boomers and Gen Z will create growth opportunities for diabetic shoe players.” says an IMF analyst.
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The leading diabetic shoe manufacturers are focusing on aggressive promotional strategies, advertisements and new product launches which have driven the diabetic shoe sales growth globally.
The major players present in the diabetic footwear market are Daifuku, DJO, LLC (Dr. Comfort), Drewshoe, Incorporated, Orthofeet Inc., DARCO International, Inc., Clearwell Mobility Company, Supad, Aetrex Worldwide, Inc., Gravity Defyer Corp. , Kinetec Medical Products Ltd, Horng Shin Footwear Co., Watts Footwear, ASICS Corporation, Advance Diabetic Solution, Dr Zen Products, Inc., Sensoria Health, among others.
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Future Market Insights, in its new offering, provides an unbiased analysis of the global diabetic footwear market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032.
The study discloses compelling information about the Diabetic Footwear Market based on Product Type (Dress Shoes, Running Shoes, Walking Shoes, Others), Patient Type (Outpatient and Inpatient), End User (men and women), width (narrow, medium, wide and others). ) and sales channel (direct sales, footwear specialty stores, medical and healthcare centers, online retailers, single-brand stores and other sales channels) in seven major regions
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