Diabetic Footwear Market By Distribution Channels (Online Store, Shoes Stores, Specialty Stores, Departmental Stores, Super Market & Hyper Market), By End Use (Women, Men) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2026

Diabetes is a medical condition caused by insulin levels in the body. Patients suffering for diabetes are more susceptible to develop wounds, ulcers or lack of sensation in the feet. Diabetic footwear has evolved as a medical revolution as it aids in preventing the feet from developing any injuries or wounds with the help of its unique and therapeutic properties.

According to the World Health Organization (WHO), in 1980, the number of people with diabetes was 108 million and reached 422 million in 2014. The proper use of diabetic footwear for various diabetic complications such as improper circulation of lower limbs and peripheral neuropathy has resulted in curing various foot ulcers and other foot and toe related problems.

The global diabetic footwear market is mainly driven by the rising prevalence of diabetes worldwide, rise in spending on diabetes treatment and growing geriatric population, who frequently suffer from diabetic conditions.

Diabetic footwear are premium priced; thus, cost factor has been a major factor restraining the growth of the diabetic footwear market. Key factors affecting prices of diabetic footwear include cost intensive marketing and distribution, high and volatile prices of key raw materials, and labor intensive production process. Thus, the consumer falling in medium and low income category stick to medicinal and alternative treatments instead of diabetic shoes.

Owing to rapid growth in the aging population coupled with improving standard of living and growth in disposable income has boosted demand for diabetic footwear in Asia Pacific in the last few years. In addition, rise in population of diabetic patients, and availability of cheaper products from domestic and local manufacturers is also contributing towards market growth.

The report titled “Global Diabetic Footwear Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global diabetic footwear market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on end user, distribution channel and cross-sectional study across different geographies. The report provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the diabetic footwear industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis
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Overall, the research study provides a holistic view of the global diabetic footwear market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above mentioned factors.

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On the basis of geography, the global diabetic footwear market is segmented as per following regions and countries

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

In 2016 in terms of revenue, North America dominated the industry accounting over 33.0% of the global demand. Availability and production of new and innovative diabetic shoes is stimulating the growth of North America diabetic footwear market.

Asia Pacific is a highly attractive region. This region is expected to grow at a highest rate over the forecast period. Growing aging population, significant rise in diabetic population, strengthening economic condition and improving standard of living are some of the factors which is accelerating the demand of diabetic footwear in Asia Pacific region. Asia Pacific, dominated by China, India and Japan generated over US$ 950.0 million in 2016.  

Europe is another attractive region that has been benefiting from the increasing patient base, rising awareness regarding diabetic footwear and growing inclination of consumers towards convenience and healthy products.

Latin America is projected to witness moderate growth rate over the forecast period and the region is witnessing growth owing to rise in awareness along with better GDP figures and increase in the per capita income. Middle East and Africa region is projected to witness below average growth rate over the forecast period of 2017 to 2025.