Global Diabetic Footwear Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global diabetic footwear market in its upcoming report titled, “Global Diabetic Footwear Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global diabetic footwear market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global diabetic footwear market report has been segmented on the basis of distribution channel, end user, and region.

Diabetic footwear’s are specially designed shoes that helps to reduce risk of skin breakdown in patients with pre-existing foot disease such as neuropathy, poor circulation, and foot deformities. People with diabetes problem have high risk of developing foot related diseases due to fluctuating blood sugar level may damage many part of human body including nerves and vessels of feet. Wearing specially designed shoes help to reduce risk and support healthy blood circulation in feet. Diabetic footwear uses athletic footwear technology and therapeutic detailing which provides protection and comfort to sensitive feet.

Increasing incidence rate of diabetes across the globe, growing geriatric population, and increasing spending on diabetic treatment are major factors driving growth of the global market over the forecast period. In addition, rising preference for diabetic footwear prescribed by physicians to diabetic patient for preventing foot related problems, owing to feature of diabetic footwear such as high level of comfort and convenience is another factor expected to fuel growth of the target market. Moreover, increasing online shopping portals for orthopedic and diabetic footwear is expected to boost growth of this market. Availability of online portals provide access to wide range of diabetic footwear which is user friendly and time efficient.

However, lack of awareness about the benefits of diabetic footwear in individuals especially in developing countries is a key factor expected to restrain growth the global market over the forecast period. In addition, high cost of diabetic footwear as compared to normal footwear is other factor expected to hamper growth of this market.

Growing e-commerce industry is expected to create potential revenue opportunities for players operating in this in this market.

The market in North America dominates the global market in terms of revenue over the forecast period, owing to growing production and availability of innovative diabetic products especially in the US. The market in Asia Pacific is projected to have highest growth in terms of CAGR, owing to rising number of diabetic population and increasing awareness among individuals. Rising elderly population and improving purchasing power of users are other factors expected to boost growth of the target market.

Global diabetic footwear market segmentation:

Segmentation by distribution channel:

• Online Stores
• Shoe Stores
• Specialty Stores
• Departmental Stores
• Super Market & Hyper Market

Segmentation by End user:

• Women
• Men

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa