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Diabetic Shoes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Diabetic Shoes Market: 

Diabetics face an increased risk of various skin-related ailments including ulcers, as complications caused by the disease lead to improper blood circulation in the lower limbs. Diabetic shoes are designed to promote blood circulation, thereby decreasing the risk of foot ulcers among patients. Among diabetics, unprotected feet are susceptible to injury due to insufficient blood flow, decreased sensation, foot deformities, dry cracked skin, and slow wound healing. All these factors have propelled the demand for diabetic shoes.

The global diabetic shoes market operates through a network of store-based and non-store-based retail distributors. The store-based distribution channel has been further categorized into departmental stores and chains, specialty stores, shoe stores, and others. The non-store-based distribution channel has grown significantly in the past couple of years due to the introduction of e-commerce. The non-store-based distribution channel includes the online channels of various participants in the supply chain of the market.                                                                      

Global Diabetic Shoes Market: Impact Factors    

Increasing prevalence of diabetes has propelled demand for diabetic shoes. According to the World Health Organization (WHO), the number of patients suffering from diabetes has nearly quadrupled since 1980. Around 422 million people across the world are suffering from diabetes. Diabetes accounted for 1.5 million deaths across the globe in 2012. According to the American Diabetic Association, around 600,000 diabetics in the U.S. suffer from foot ulcers every year, leading to about 80,000 amputations. Growing awareness about diabetes and counseling for proper foot care are likely to accelerate the growth of the global diabetic shoes market.

Extensive research by shoe manufacturers regarding the development of innovative diabetic shoes is anticipated increase demand for diabetic shoes. A majority of diabetics does not wear the prescribed footwear and usually demand customized diabetic shoes. Technologies such as shoe implants are expected to address these issues. Shoe implants can remind patients to wear their shoes and can detect weaknesses in the soles of feet with the help of sensor mats. Manufacturers are also focusing on lighter, pressure-reliving diabetic shoes or sandals as patients find them easier for indoor use.

Global Diabetic Shoes Market: Region-wise Outlook           

The global diabetic shoes market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. Demand for diabetic shoes is significantly high in North America due to increasing prevalence of the disease and availability of new and innovative diabetic shoes. The market in Asia Pacific is expected to grow rapidly during the forecast period due to rising awareness about diabetes.

Key players in the global diabetic shoes market are Aetrex Worldwide, Inc., Podartis S.r.l., Orthofeet, Inc., Drew Shoe, Etonic Shoes, and Dr. Comfort. Market players are focusing on the manufacture of low-cost diabetic shoes to attract consumers in the emerging economies, especially in Asia Pacific. This niche market holds immense potential and hence, various shoe manufacturers are expected to enter the market in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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