North America to Dominate Global Diabetic Footwear Market During Forecast Period

Rising awareness among diabetic patients and increase in disposable income are expected to drive global diabetic footwear market during forecast period

According to TechSci Research report, “Global Diabetic Footwear Market By Product, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global diabetic footwear market is expected to grow at a CAGR of around 8% during the forecast period. The diabetic footwear market is witnessing growth on account of rapid product innovations, increase in disposable income and to minimize the risk of various skin related problems in diabetic patients. These specially designed shoes are recommended by doctors to use as they can help to reduce risk and promote healthy circulation in feet, which is further boosting the growth of diabetic footwear in the forthcoming years. To meet the recent fashion trend, primarily coming from the woman population. the market players are focusing more towards developing customized and fashionable diabetic footwear, which would further drive global diabetic footwear market through 2024.

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The global diabetic footwear market is segmented based on product, end user, distribution channel, region and company. Based on distribution channel, the market is bifurcated into Store-based and Non-store based. Until 2018, the store distribution channel segment dominated the diabetic footwear market. This dominance can be attributable to preferred choice by the consumers as well as healthcare professionals as these specially designed shoes require proper fitting and expert guidance before their use, and these requirements are difficult to be fulfilled through online platforms. In terms of end user, the market can be bifurcated into women and men. Out of which, the women end user segment dominated the market with majority share in the diabetic footwear market on account of higher number of women diabetic patients coupled with growing awareness among women about the effects of diabetes on the body and feet.

Podartis Srl, DJO Global Inc., Aetrex Worldwide, Inc., Dr. Zen Products, Inc., Orthofeet Inc., Propet USA, Inc., I-Runner, Pilgrim shoes, Finn Comfort, Drew Shoe Corporation among others are some of the leading players operating in global diabetic footwear market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and to increase their customer bases.

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“North America holds the largest share in the global diabetic footwear market followed by Europe owing to the growing diabetic cases in the United Kingdom and tremendous growth rate of diabetes in Germany. Moreover, Asia-Pacific region is projected to register high CAGR over the coming years which can be attributed to surge in population, increase in ageing population, rise in disposable income, and growing awareness about diabetes and its impact on foot health.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Diabetic Footwear Market By Product, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global diabetic footwear market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diabetic footwear market.

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