Diabetic Footwear Market Growth Analysis | 2024-2029

Market Insights

The diabetic footwear market was estimated at USD 7.15 billion in 2023 and is likely to grow at a CAGR of 6.6% during 2024-2029 to reach USD 10.52 billion in 2029.

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What is diabetic footwear?

Diabetic footwear is basically a therapeutic footwear which is specifically designed to minimize the risk of skin breakdown in diabetics with pre-existing foot disease and provide comfort to patients.

Market Dynamics

The major factors driving the growth of the diabetic footwear market are-

• Growing awareness among diabetic patients regarding diabetic footwear usage to minimize the risk of skin breakdown in diabetic patients with pre-existing food disease.
• Increase in popularity of diabetic shoes owing to its key features, such as comfort, and raw material, and growing attention towards developing customized and fashionable diabetic footwear.

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Segments Analysis

By Type     

Based on the type, the market is segmented as shoes, sandal, and slippers. The diabetic shoes segment is estimated to be the dominant segment of the market as it provides maximum level of comfort for diabetic patients as compared to sandals and slippers. The availability of various types of diabetic care goods, growing inclination of key diabetic manufacturers toward online shopping through various strategies and increasing internet penetration, and advantages offered by it such as reduction of risk as recommended by doctors, promoting healthy blood circulation in feet are some of the major factors fast-tracking the market growth during the forecast period.

Regional Insights

In terms of regions, North America is estimated to be the dominating region in the market owing to growing awareness among diabetic patients in the U.S. during the forecast period. Similarly, Europe is also anticipated to account for the major share of the market owing to a large admission of diabetic cases in hospitals, mainly in the UK and tremendous growth rate of diabetes in Germany, over the forecast period. On the other hand, Asia-Pacific is estimated to witness significant growth rate in the market owing to an increase in diabetic treatment expenditures, including diabetic footwear, and growing investments made by the major players because of the dominance of type 2 diabetes in the regional market during the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The diabetic footwear market is segmented into the following categories.

By Type

• Shoes
• Sandals
• Slippers

By End-User Type

• Men
• Women

By Distribution Channel Type

• Offline Channel
• Online Channel

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the global market are-

• Advanced Diabetic Solutions LLC
• Aetrex Worldwide Inc.
• Diabetic Soles Inc.
• DJO Global Inc.
• Dr. Zen Products Inc.
• Drew Shoe Corporation
• Hanger Inc.
• Orthofeet Inc.
• Podartis srl Unipersonale
• Propét USA Inc.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s diabetic footwear market realities and future market possibilities for the forecast period.

The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players

Market Segmentation

• Current market segmentation of any one of the types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.