Industry Background:
Diabetics shoes are specially designed man-made shoes which are intended to reduce the risk of skin breakdown in diabetes with pre-existing foot disease. These shoes are soft, non-binding uppers and seam-free interior which provides ultimate protection for the diabetic foot. This reduces the pain and gives soothing effects on the foot. Recently, companies are focusing on the development of fashionable and customised diabetic footwear to carter the therapeutic and demand for fashionable products by the females.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Podartis Srl (Italy), DJO Global Inc. (United States), Aetrex Worldwide, Inc. (United States), Dr. Zen Products, Inc. (United States), Orthofeet Inc. (United States), Propet USA, Inc. (United States), I-Runner (United States), Pilgrim shoes (United States), Finn Comfort (United States) and Drew Shoes (United States) |
According to AMA, the market for Diabetic Footwear is expected to register a CAGR of 8.7% during the forecast period to 2028. This growth is primarily driven by Increasing Population with Obesity Is Driving the Market of Diabetic Footwear, Innovation and Development in the Field Of Diabetic Footwear, Increasing Disposable Income and Spending On Diabetes Treatment and Penetration of Internet Distribution Channel across the Globe.
Globally, a noticeable market trend is evident Advancement in the Product and Materials with the Research and Development in the Sector of Diabetic Footwear The Footwear sector in the Asia Pacific 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 Vendors, such as Podartis Srl (Italy), DJO Global Inc. (United States), Aetrex Worldwide, Inc. (United States), Dr. Zen Products, Inc. (United States), Orthofeet Inc. (United States), Propet USA, Inc. (United States), I-Runner (United States), Pilgrim shoes (United States), Finn Comfort (United States) and Drew Shoes (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
In April 2022 , HealthEdge Investment Partners, LLC a healthcare focused private equity fund, had acquired Anodyne, LLC (“Anodyne”), a leading provider of lifestyle-oriented clinical footwear solutions most commonly prescribed for diabetic patients.
In December 2021, Von Wellx Germany launches Diabetic Footwear. Based on Reflexology the elevations works by massaging the pressure points where nerves of important diabetic organs - pancreas, liver, kidney, spleen and etc. end in your feet
Regulatory Insights:
According to the World Health Organization, around 27% of diabetics at risk are exposed to the peripheral neuropathies and more than 50% of those have injuries in the legs; even confiscation that effects convening a high mortality rate across the globe.
Influencing Trend:
Advancement in the Product and Materials with the Research and Development in the Sector of Diabetic Footwear
Market Growth Drivers:
Increasing Population with Obesity Is Driving the Market of Diabetic Footwear, Innovation and Development in the Field Of Diabetic Footwear, Increasing Disposable Income and Spending On Diabetes Treatment and Penetration of Internet Distribution Channel across the Globe
Challenges:
Managing the Effectiveness of Cost of Diabetic Footwear and Risk in Continuity of Trade And Supplying Unit With Availability Of Raw Materials
Restraints:
Stringent Regulations for Health Origination and Government Bodies Monitoring the Healthcare Sector and Lack of Awareness among Diabetes Patients Regarding Diabetic Footwear
Opportunities:
Customization of Diabetic Footwear with the Individual Concern of the Diabetes Patient and Awareness Growth about the Available Styles of Diabetic Footwear
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 Vendors 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 Footwear Market
- Analysis about New Entrants in Diabetic Footwear 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 Footwear Study Sheds Light on
The Diabetic Footwear Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Diabetic Footwear industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diabetic Footwear 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 Vendors 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.