Industry Background:
Diabetic socks are specially designed for diabetic patients so they can control the foot moisture, reduce the risk of a foot injury and prevent the slowing of blood circulation. Coupled with cost-effectiveness, increased health-consciousness among the younger generation will complement the growth of the diabetic socks market in the coming years. In addition, rapid technological proliferation will also have a significant impact on market share.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | BSN Medical (Germany), Therafirm (United States), SIGVARIS (Switzerland), SIMCAN ENTERPRISES (Canada), 3M (United States), Siren Care (United States), Intersocks (Italy), THORLO (United States), Cupron (United States) and Creswell Sock Mills |
This growth is primarily driven by Rising Demand due to Increasing cases of diabetes and Increasing Government Support to Create Awareness on Diabetic Cure.
Globally, a noticeable market trend is evident Rising Health Consciousness among the Younger Generation
The Health Care Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BSN Medical (Germany), Therafirm (United States), SIGVARIS (Switzerland), SIMCAN ENTERPRISES (Canada), 3M (United States), Siren Care (United States), Intersocks (Italy), THORLO (United States), Cupron (United States) and Creswell Sock Mills, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The competitive landscape of the diabetic socks market is witnessing a flurry of activity, with companies facing intense competition from local manufacturers. the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
In September 2022, Under its AVAL brand, Drymax Technologies introduces two new diabetic socks that dramatically improve the environment for the feet inside the shoe.
Influencing Trend:
Rising Health Consciousness among the Younger Generation and Growing Demand for Non- Invasive Treatment
Market Growth Drivers:
Rising Demand due to Increasing cases of diabetes and Increasing Government Support to Create Awareness on Diabetic Cure
Challenges:
The Dearth of Awareness among the Population
Restraints:
The high cost of diabetic socks and Inadequate Reimbursement Options
Opportunities:
Availability of Customized Solutions, Increasing Healthcare Expenditure from Emerging Countries and Offline Distribution Channels Generate Three-fourth Market Revenue
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Diabetic Socks Market
- Analysis about New Entrants in Diabetic Socks Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Diabetic Socks Study Sheds Light on
The Diabetic Socks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Diabetic Socks industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diabetic Socks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.