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 low insulin levels in the body. Patients suffering from diabetes are more susceptible to developing wounds, ulcers, or a lack of sensation in their 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, the rise in spending on diabetes treatment, and the growing geriatric population, who frequently suffer from diabetic conditions.

Diabetic footwear is premium priced; thus, the cost has been a major factor restraining the growth of the diabetic footwear market. Key factors affecting the price of diabetic footwear include:

  • Cost-intensive marketing and distribution.
  • High and volatile prices of key raw materials.
  • A labor-intensive production process.

Thus, consumers in the medium and low-income categories should stick to medicinal and alternative treatments instead of diabetic shoes.

Owing to rapid growth in the aging population coupled with an improving standard of living and growth in disposable income, demand for diabetic footwear in Asia Pacific has been boosted in the last few years. In addition, the rise in the population of diabetic patients and the availability of cheaper products from domestic and local manufacturers are also contributing to 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 of 2015–2025. The research study covers an in-depth analysis of multiple market segments based on end users, distribution channels, and a cross-sectional study across different geographies. The report provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The in-depth analysis provided in the report includes the following:

  • Current and future market trends to justify the forthcoming attractive markets within the diabetic footwear industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

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 factors mentioned above.

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The global diabetic footwear market can be categorized based on distribution channels as follows:

  • Online Store
  • Shoe Stores
  • Specialty Stores
  • Departmental Stores
  • Supermarket and hypermarket

The availability of various products, as well as the ease of purchase through various distribution channels, is prompting more and more people to buy diabetic footwear. The popularity of e-commerce has increased diabetic footwear sales significantly. Furthermore, the availability of extensive information on these products online is prompting more and more individuals to buy them. Among the distribution channels, online stores accounted for more than half of the market share by revenue and are also projected to maintain their dominance over the next six years. Sales from specialty stores are also expected to expand strongly over the next six years.

Supermarkets and hypermarkets are benefiting from their lower prices and various offers. To ensure growth, manufacturers should expand their distribution channels for sales and also provide information on educational websites and social media about their products.

The global diabetic footwear market can be categorized based on end-user as follows:

  • Women
  • Men

Women have a higher tendency to purchase diabetic footwear when compared to men, and this trend is projected to continue further over the forecast period of 2017 to 2025. In 2016, the women's segment led the market with a 66.93% share in revenue and was projected to grow at a CAGR of over 7.5% from 2017 to 2025. This is mainly due to the higher tendency to purchase among women compared to men. However, due to the rise in the number of male diabetic patients, the demand for male diabetic footwear is projected to increase shortly. The men's segment is projected to exhibit the fastest growth and grow at a CAGR of over 8.0% from 2017 to 2025 in revenue.

Based on geography, the global diabetic footwear market is segmented into the 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 and Africa
  • GCC Countries
  • Rest of the Middle East and Africa

In 2016, North America dominated the industry in revenue, accounting for over 33.0% of the global demand. The availability and production of new and innovative diabetic shoes are stimulating the growth of the North American diabetic footwear market.

Asia-Pacific is a highly attractive region. This region is expected to grow at the highest rate over the forecast period. Growing aging populations, a significant rise in the diabetic population, strengthening economic conditions, and improving standards of living are some of the factors that are accelerating the demand for diabetic footwear in the 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 benefited 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 a moderate growth rate over the forecast period, and the region is witnessing growth owing to a rise in awareness along with better GDP figures and an increase in per capita income. However, the Middle East and Africa region are projected to witness a below-average growth rate over the forecast period of 2017 to 2025.

Frequently Asked Question:

The market for Diabetic Footwear Market is expected to reach USD$ 9,495.01 Mn in 2026.

The Diabetic Footwear Market is expected to see significant CAGR growth over the coming years, at 8.0%.

The report is forecasted from 2016 -2026.

The base year of this report is 2015.

Advanced Diabetic Solutions, LLC, Aetrex Worldwide, Inc., Orthotic Holdings, Inc, Apis Footwear Compa, DARCO International, Inc, Diabetic Soles, Inc .are some of the major players in the global market.

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Published Date:  Jul 2017
Category:  Medical Devices
Report ID:   58062
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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