Global Diabetic Footwear Market size is projected to be valued at US$ 6,311.1 Million in 2021 and is projected to reach US$ 12,687.5 Million by 2030; growing at a CAGR of 8.1% from 2021 to 2030.
Diabetic foot wears are worn in order to reduce foot ulceration and amputation risk in people suffering from diabetes. Diabetic footwear have come a long way, they are now available in various shapes and styles. As per a report published by NCBI, 171 million people were estimated to be affected by diabetes in 2000 worldwide, and are expected to increase to 366 million by 2030. In the developed countries such as the U.S., high growth in diabetic patient has been noticed which would further fuel the market for diabetic footwear.
Increasing number of diabetic patients globally and rising disposable income in emerging economies leading to high spending on diabetes treatment is the major factor supporting the growth of the market. Moreover, increasing awareness, government initiatives and availability of customized and fashionable footwear also fuels the growth of the market. However, high cost of diabetic shoes and availability of sub-standard shoes at lower price could hamper the growth of the market. Furthermore, entry of new brands and untapped markets could provide opportunity growth for the upcoming years.
The global diabetic footwear market is segmented based on the distribution channel, end-use and geography. By distribution channel, it is further segmented into online stores, shoe stores, specialty stores, departmental stores and super market & hyper market. Furthermore, end-use is segmented into women and men.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, Japan, India and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players of diabetic footwear market include Podartis S.r.l., Dr Comfort, LLC., Apex Foot Health Industries LLC, Orthofeet Inc., Dr Zen Products, Inc., DARCO International, Inc., Advanced Diabetic Solutions, Drew Shoe Corporation, Aetrex Worldwide Inc., and Etonic Worldwide LLC, among others.
The report covers
Scope of the Global Diabetic Footwear Market
Distribution Channel Segments