Diabetic Footwear Market To Witness Substantial Growth By 2025 Owing To Growing Awareness Among People About The Benefits Of These Footwear | Grand View Research, Inc.

February 01 07:20 2021
Diabetic Footwear Market To Witness Substantial Growth By 2025 Owing To Growing Awareness Among People About The Benefits Of These Footwear | Grand View Research, Inc.

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According to the report published by Grand View Research, Inc., factors such as increasing obese population, growing awareness among people about the benefits of these footwear in relieving foot pain and rising capability of the footwear in reducing feet injuries are helping the market expansion.

The global diabetic footwear market size is expected to reach USD 9.65 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.6% during the forecast period. Rising importance of specialty footwear which improves the lower body posture and protects the feet from fungal infection is expected to remain a favorable factor. Furthermore, rising concerns over adverse effects associated with obesity are expected to promote the use of diabetic footwear as a preventive measure.

In countries like India and China, hectic lifestyles and fluctuating diet patterns in the middle class population is expected to boost the adoption of diabetic shoes as a regular footwear. Also, the shoes segment is expected to boost the revenue generation of the market by achieving USD 3.31 billion mark by 2025, due to the growing awareness of its utility among the office-going population.

Increasing incidence of diabetes in elderly population and growing side effects of the synthetic medicines to treat diabetes are some of the factors which are helping shift the trend towards safer alternatives i.e., diabetic footwear, for elderly population. In addition to this, technological advancements and medical upgrades are anticipated to bode well for market growth in the forthcoming years.

U.S. diabetic footwear market size, by product, 2015 - 2025 (USD Billion)

Diabetic Footwear Market Report Highlights

  • Global collaborations are helpful for people and the market expansion as well. For instance, the Baqai Institute of Diabetology and Endocrinology (BIDE), Karachi approached WDF with an idea for producing low-cost, long-lasting, fit-for-purpose footwear across Pakistan inspired by D-foot International’s FLIRT-bird project. Both the organizations collaborated along with many others to develop a positive ecosystem in the country.

  • Multiple humanitarian projects for helping the diabetic people are running all over the world, making a positive impact. For instance, Flirt-Bird project, which is integrated with the WHO ”Global Cooperation on Assistive Medical Technology (GATE)” and is launched by D-Foot is providing genuine help to the diabetic populations all over.

  • Sandals’ segment is expected to witness a CAGR of 7.3% from 2019 to 2025, owing to increased usage of these products as casual footwear by people in the age group of 45+ in developed economies including Germany and U.K.

  • On the basis of product type, slippers generated a revenue of USD 1.99 billion in 2018. The segment is expected to hold more than 30% of global market share on account of predominant usage as daily home footwear among health-conscious consumers

  • On the basis of distribution channels, the online segment is expected to remain the most lucrative distribution channel over the next eight years. These channels are expected to remain a preferred choice on account of various value-added benefits including cash benefits and free-home delivery by the footwear companies and e-commerce portals

  • On the basis of region, Europe is expected to remain one of the largest markets, accounting for more than USD 1.93 billion by 2025. The region is expected to lead on account of increasing health consciousness of consumers from prominent markets such as Germany, U.K., France, and Italy

  • The diabetic footwear market is highly competitive in nature with main key players including DJO Global Inc.; Drew Shoes; I-Runner; and Dr. Zen Products, Inc. Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to cater to the existing and future demand from new application segments.

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Diabetic Footwear Market Segmentation

Grand View Research has segmented the global diabetic footwear market on the basis of product, distribution channel, and region:

Diabetic Footwear Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Slippers

  • Sandals

  • Shoes

Diabetic Footwear Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Online

  • Offline

Diabetic Footwear Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • India

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

    • U.A.E.

    • Saudi Arabia

List of Key Players of Diabetic Footwear Market

  • Podartis Srl
  • Aetrex Worldwide
  • DJO Global Inc.
  • Dr. Zen Products, Inc.
  • Orthofeet Inc

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/5813/ibb

Browse Related Report @

Diabetic Socks Market – https://www.grandviewresearch.com/industry-analysis/diabetic-socks-market

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

 

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