Diabetic Footwear Market Increasing Emphasis to Promote Growth Till 2028

Posted by Roger on March 1st, 2023

Diabetic footwear is a specially designed footwear used to protect feet of diabetic patients and reduce the risk of skin breakdown caused by poor circulation, foot deformities, and neuropathy. Diabetic shoes also help reduce the risk of diabetic foot ulcers and thereby reduce amputations. They provide protection and support while minimizing pressure points on the feet. A diabetic shoe has a larger toe box to prevent squeezing of the toes. A good diabetic shoe have a shock-absorbing sole, help relieve pressure on the bottom of the foot. Properly fitted diabetic shoes offer support and protection that minimize the impact on high-pressure areas of the foot.

Competitive Landscape:

Major players operating in the global diabetic footwear market are Dr. Zen Product, Inc., Duna S.r.l, DARCO International, Dr. Comfort, Drew Shoe, Etonic Shoes, Podartis S.r.l., Orthofeet Inc., Aetrex Worldwide Inc., and Hong Kong Grace Shoes, among others.

Key Market Drivers:

Increasing prevalence of diabetes across the globe is expected to propel growth of the diabetic footwear market over the forecast period. For instance, according to the International Diabetes Federation (2021 Report), around 537 million adults (20-79 years) are living with diabetes, and this number is expected to reach around 643 million by 2030 and 783 million by 2045.

Moreover, increasing demand for or adoption of diabetic footwear around the world expected to augment the growth of the diabetic footwear market. For instance, in December 2021, Von Wellx Germany announced the launch of Diabetic Footwear. Based on Reflexology, Diabetic Footwear works by massaging the pressure points where nerves of important diabetic organs - pancreas, liver, kidney, spleen and etc.

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Key Takeaways:

  • The diabetic footwear market is expected to exhibit a CAGR of % during the forecast period due to the increasing innovation activities by key players to develop customized and fashionable footwear. For instance, in December 2021, American Diabetes Association and Dr. Comfort teamed up to advance consumer resources for successful foot care in patients suffering from various forms of foot-ailments, especially owing to diabetes.
  • Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the diabetic footwear market owing to the high prevalence of diabetes, growing geriatric population, increasing adoption of diabetic footwear, increasing awareness among diabetic patients about the use of diabetic footwear, and the introduction of novel footwear by key players in these regions.

For instance, according to the American Diabetes Association, in 2019, around 37.3 million people in the United States, or 11.3% of US population, had diabetes. The percentage of Americans age 65 and older remains high, at 29.2%, or 15.9 million seniors (diagnosed and undiagnosed).

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Roger

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Roger
Joined: September 27th, 2022
Articles Posted: 978

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