Diabetic Socks Market Insights, Growth, Export Value, Sales, Pricing Forecast

Posted by Sakshi Mishra on December 26th, 2019

Transparency Market Research delivers key insights on the global diabetic socks market. In terms of revenue, the global diabetic socks market is estimated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the diabetic socks market report.

Diabetes affects the productivity and wellbeing of millions of people around the world. Up to 1% of adults suffer from diabetes at some point in their life. Diabetes can be prevented and treated by reducing pressure within the legs using an external appliance such as multilayer, short-stretch bandaging, or diabetic socks. Diabetic socks are designed to satisfy the demand of healthcare professionals and consumers. According to CDC, in the U.S., approximately 20% to 30% patients with diabetic neuropathy suffer from neuropathic pain. Diabetic neuropathy lowers the quality of life, which significantly increases the demand for diabetic socks. A rise in demand has been observed owing to the usage of diabetic socks for the treatment of diabetes and diabetic neuropathy. The smart socks industry has emerged as one of the biggest transformational elements for this business.

To Know More About TMRs Unique Offerings for Diabetic Socks Market, Request a Sample here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49947

In this market report, TMR estimates that the mid-calf/crew length segment will outpace other product types by the end of 2027, in the diabetic socks market. The rising prevalence of diabetes is expected to drive the revenue growth of the diabetic socks market. The high prevalence of diabetes leading to other complications such as venous disorders is also predicted to boost the sales of diabetic socks. The increasing geriatric population is expected to drive the demand for diabetic socks, as the risk of diabetes-related problems is higher among elderly individuals. A large proportion of elderly population in countries such as China and Japan is expected to be the biggest driver for the diabetic socks market.

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Sakshi Mishra

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Sakshi Mishra
Joined: July 22nd, 2019
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