Diabetic Footwear Market To Grow Enormously with Size Worth $9.65 Billion By 2025 |Grand View Research, Inc.


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 improve the lower body posture and protect 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.
Shoes are expected to generate a revenue of USD 3.31 billion by 2025. The segment is expected to lead the market in light of its increased utility among office-going population. Furthermore, fluctuating diet patterns and hectic lifestyle among middle class population in emerging economies including China and India is expected to encourage consumers to use diabetic shoes as a regular footwear option.
Leading manufacturers operating in the market are Podartis Srl; Aetrex Worldwide;DJO Global Inc.;Dr. Zen Products, Inc.; and Orthofeet Inc. Market leaders are expanding their geographical existence to get concentrated market share. Formation of strategies and collaborating with buyers to build new products is projected to remain a critical success factor over the next few years.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/diabetic-footwear-market/request/rs4
Rising usage of specialty shoes among obese population to relieve pain and to provide relief from flat foot pain. Moreover, increase in the life expectancy along with awareness regarding prevention of risks associated with obesity such as cardiovascular disorders and diabetes is projected to have a positive impact on the product demand.
Further key findings from the report suggest:
  • Sandals 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.
  • 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
  • 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
  • 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 the main 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.
Diabetic footwear is mostly used by the elderly population. Growing concerns over the side effects associated with synthetic medicines is changing the preference for safer alternatives. Consumers prefer diabetic footwear and other healthy remedies to reduce the impact of pre-diabetic cells. Technological advancements and medical upgrades are anticipated to bode well for market growth in the forthcoming years.
These specialty footwear available in inserted sole, flexible inner sole, and hybrid forms. Through this, the consumers are able to use this product for other purposes including posture improvement, relief from lower body pain, and also as a protection from minor injuries capable of harming a diabetic person. This factor is projected to drive the product demand in near future.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-diabetic-footwear-market
Shoes segment led the diabetic footwear market, accounting for 35.3% of global share in 2018. The segment is expected to witness growth owing to its increase use among office-going population in developed markets including U.S. and Germany. Furthermore, additional protection from feet injuries which reduce the occurrence of fungal infections is expected to drive the scope of growth in near future.
Slippers segment is expected to witness the fastest CAGR of 8.3% from 2019 to 2025. These products are projected to foresee growth owing to their increased use in daily life. Furthermore, launch of new products made using advanced materials such as leather, cotton, polyesters, and nylon is expected to open new growth avenues for the segment.
Grand View Research has segmented the global diabetic footwear market on the basis of product, distribution channel:
Diabetic Footwear Product Outlook (Revenue, USD Million, 2015 - 2025)
  • Slippers
  • Sandals
  • Shoes
Diabetic Footwear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
  • Online
  • Offline
Leading manufacturers operating in the market are Podartis Srl; Aetrex Worldwide;DJO Global Inc.;Dr. Zen Products, Inc.; and Orthofeet Inc. Market leaders are expanding their geographical existence to get concentrated market share. Formation of strategies and collaborating with buyers to build new products is projected to remain a critical success factor over the next few years. Taking into account all these factors, manufacturers are likely to focus on product innovation. In January 2018, Sensoria and mobile garments manufacturer, Optima Molliter signed an agreement for the development of smart footwear products. These footwear are capable of measuring the compliance of diabetes patients’ to prescribed mechanical offloading protocols.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more