Diabetic Shoes Market - Global Industry Analysis

Diabetic Shoes Market By Type (Dress Shoes, Running Shoes, Strolling Shoes, and Others (Ambulatory Shoes, etc.)), By Patient Type (Outpatient and Inpatient), By Width (Narrow, Medium, Wide, and Others), By Price Range (Low, Medium, and High), By End-User (men and women), By Distribution Channel (Online and Offline) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028

Published Date: 27-Apr-2022 Category: Consumer Goods Report Format : PDF Pages: 192 Report Code: ZMR-1882 Status : Published

The global Diabetic Shoes Market was worth around USD 5915.1 bn in 2021 and is estimated to grow to about USD 9231.16069 bn by 2028, with a growth rate of approx 7.7 % over the forecast period. Report gives an overview of street philadelphia, Footwear, skechers mesh orthopedic diabetic shoes

Description

Industry Prospective:

The global Diabetic Shoes Market was worth around USD 5915.1 billion in 2021 and is estimated to grow to about USD 9231.16069 billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.7 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Diabetic Shoes Market: Overview

People with diabetes may have a false sense of security in their feet as to how much at risk their feet really are. An ulcer under the foot can develop in just a couple of hours. The primary goal of diabetic shoes is to prevent complications, which can include strain, ulcers, calluses, or even amputations for patients with diabetes and poor circulation. The disease can also change the shape of a person's feet, which limits the range of shoes that can be worn comfortably. Therefore, diabetic shoes are a good alternative for such people. They are also referred to as extra depth, therapeutic shoes, or Sugar Shoes. They are often wider and deeper than regular shoes to accommodate a special multi-density supplement that is designed to reduce pressure and callouses to the bottom of the feet.

The rising prevalence of diabetes globally is expected to fuel the demand for the diabetic shoes market. The total number of individuals living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Hence, increased demand for recreational diabetic shoes among diabetes patients is powering the sales in the market. As people are becoming more aware of the value of physical health, patients with diabetes and other orthopaedical problems are increasing the adoption of diabetic shoes.

COVID-19 Impact:

The COVID-19 pandemic’s impact on the diabetic footwear market was rather negative. The supply chain commotion caused a negative impact on the market. The shutdown of manufacturing units due to lockdown restrictions also had adverse effects on the diabetic shoes market growth. European countries such as Germany, Poland, the U.K., Italy, and France are the prominent regional markets in terms of both production and consumption. These countries are most profoundly impacted by COVID-19.

Global Diabetic Shoes Market

Diabetic Shoes Market: Growth Drivers

Rising prevalence of diabetes disease

The major driver for the growth of diabetes shoes market is the aging population and the rising prevalence of the disease globally. Moreover, as people are becoming more aware and health-conscious, the market is expected to grow at a rapid rate. Additionally, the rise in the role of e-commerce and brand expansion in diabetic footwear, the rise in the research and development activities, and the increase in the technological advancements and modernization in the production techniques will further create new opportunities for the diabetic shoes market the in the forecast period.

Diabetic Shoes Market: Restraints

High cost of diabetic footwear

The high cost of diabetic footwear is one of the major challenges for the industry players which is limiting the growth of sales. In developing nations, less mindfulness about diabetic footwear and less per capita income compared to other developed nations are the major constraints against the demand for diabetic footwear. 

Diabetic Shoes Market: Segmentation

The global diabetic shoes market is segregated based on type, patient type, width, price range, end-user, and distribution channel.

By end-user, the market is segregated into men and women. Women held the majority of the diabetic footwear market share and are projected to hold a significant share in the global market during the forecast period. This is mainly due to the higher number of women diabetic patients. A rise in awareness among women about the effects of diabetes on the body, improvement in online retail penetration, and foot care among diabetic patients drive the growth of the market.

By Distribution Channel, the global market is bifurcated into online and offline. The offline distribution channel segment dominated the diabetic footwear market because the specialty store is a preferred choice by the consumers and healthcare professionals as these shoes require proper fitting and expert guidance before their use, which is difficult with online platforms.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In July 2021, Advanced Diabetes Supply has acquired US Medical Supply (US MED). The U.S. Medical Supply will provide glucose monitors and medical supplies to Advanced Diabetes Supply. The company is focused on setting a new standard for patient care in diabetes.

Regional Landscape

North America leads the global diabetic shoes market because of its massive aging population and large prevalence of type 1 and type 2 diabetes among the population, especially in the USA and Mexico which eventually results in large consumption of such products in this region. Followed by it, Europe dominates the diabetic shoes market due to an increase in the obesity levels, an increase in the number of women diabetic patients worldwide, growing improvement in online retail penetration, and a rise in the per capita income in this region. The Asia Pacific market is anticipated to expand at a significant growth rate by the end of the forecast period. In the APAC region, China is a prominent diabetic shoes market consumer and an important production base.

Competitive Landscape

Some of the main competitors dominating the global Diabetic Shoes Market include - Aetrex Worldwide, Inc., Podartis Srl., Etonic Worldwide LLC, Dr. Comfort, LLC., Advance Diabetic Solution, Apex Foot Health Industries LLC, Dr Zen Products, Inc., DARCO International, Inc, Orthofeet Inc., and Drew Shoe Corporation.

Global Diabetic Shoes Market is segmented as follows:

By Type

  • Dress Shoes
  • Running Shoes
  • Strolling Shoes
  • Others (Ambulatory Shoes, etc.)

By Patient Type

  • Outpatient
  • Inpatient

By Width

  • Narrow
  • Medium
  • Wide
  • Others

By Price Range

  • Low
  • Medium
  • High

By End-user

  • Men
  • Women

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

Diabetes mellitus is a persistent disease caused by acquired or is inherited as a deficiency in the assembly of insulin by the pancreas. Diabetes is classified as gestational diabetes, type 1, and type 2. Among them, type 2 diabetes is most common and is caused due to the reduction in physical activities and obesity. A person suffering from diabetes develops several complications such as ulcers, sores, loss of sensation in body parts, abscesses, and predominantly in feet. Therefore, the special design of diabetic shoes helps to protect the patient’s feet from any injuries. According to the World Health Organization (WHO), as of now, around 150 million people have diabetes mellitus across the world and by 2025; this estimated number may double. Hence, this data represents the rising prevalence of diabetes mellitus across the globe indicating the need for diabetic shoes, in turn, contributing to the growth of the global diabetic shoes market during the forecast period.
Exceptional properties of diabetic shoe aid to cure several types of the diabetic conditions such as insufficient blood circulation in body parts especially in legs, which facilitates foot pain and ulcers. The primary reason behind the growth of the diabetic shoes market is the busy lifestyle of urban people along with increased ingestion of sugar and other synthetic sweeteners. Likewise, growing geriatric population results in high incidence of diabetes, increasing cases of diabetes and rising spending on diabetes treatment is expected to fuel the global market of diabetic shoes over the forecast period. However, the expensive price of the diabetic shoes may restrain the growth of the global market growth. 

Global Diabetic Shoes Market

The global diabetic shoes market is segmented into the distribution channel and end user. By distribution channel, the global market is divided into online and offline. Among which, the online distribution channel is expected to attain the largest market share during the forecast period. This growth is attributed towards the rising online shopping portals with a variety of diabetic footwear. These online portals offer easy access to a range of brands and shoe type for the users. 

Based on the end user, the global diabetic shoes market is categorized into men, women, and children. Among which, men are expected to attain the largest market share owing to the fact that men are more prone to have diabetes as compared to women and need to put on far less weight than women to develop the disease according to the report of National Health Service. 

By geography, the global diabetic shoes market finds its market scope in Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. The Asia Pacific is the fastest growing region in the market owing to the huge prevalence of diabetes in this region coupled with the rising demographic population. 

The regional segmentation includes the present and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market is further split into key countries including the U.S., France, Germany, UK, India, China, Japan, and Brazil. The report also includes detailed profiles of key players such as Etonic Worldwide LLC, Podartis Srl., DARCO International Inc., Aetrex Worldwide Inc., Apex Foot Health Industries LLC, Dr. Comfort LLC, Advance Diabetic Solution, Dr. Zen Products, Inc., Drew Shoe Corporation, and Orthofeet Inc. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

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FrequentlyAsked Questions

The major driver for the growth of diabetes shoes market is the aging population and the rising prevalence of the disease globally. Moreover, as people are becoming more aware and health-conscious, the market is expected to grow at a rapid rate. Additionally, the rise in the role of e-commerce and brand expansion in diabetic footwear, the rise in the research and development activities, and the increase in the technological advancements and modernization in the production techniques will further create new opportunities for the diabetic shoes market the in the forecast period.

According to the Market Research report, the global Diabetic Shoes Market was worth around USD 5915.1 billion in 2021 and is estimated to grow to about USD 9231.16069 billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.7 percent over the forecast period.

 

North America leads the global diabetic shoes market because of its massive aging population and large prevalence of type 1 and type 2 diabetes among the population, especially in the USA and Mexico which eventually results in large consumption of such products in this region. Followed by it, Europe dominates the diabetic shoes market due to an increase in the obesity levels, an increase in the number of women diabetic patients worldwide, growing improvement in online retail penetration, and a rise in the per capita income in this region.

 

Some of the main competitors dominating the Diabetic Shoes Market include - Aetrex Worldwide, Inc., Podartis Srl., Etonic Worldwide LLC, Dr. Comfort, LLC., Advance Diabetic Solution, Apex Foot Health Industries LLC, Dr Zen Products, Inc., DARCO International, Inc, Orthofeet Inc., and Drew Shoe Corporation.

 

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