In a recent report by Future Market Insights (FMI), the Global Industry for Diabetic Shoes is on the brink of unprecedented growth, projecting a substantial valuation of US$ 8.6 billion in 2023, with expectations to surge to an impressive US$ 16.0 billion by 2033.
A pivotal driver behind this remarkable expansion is the escalating shift towards preventative care, driven by the global burden of diabetes affecting millions worldwide. Diabetic shoes have emerged as a proactive measure to mitigate the risk of diabetic foot ulcers and limb amputations, reflecting a growing global awareness of preventative measures.
The World Health Organization reports that over 50% of diabetics at risk for limb injuries also suffer from peripheral neuropathies, contributing to increased mortality rates internationally. As awareness of these preventative measures expands, so does the demand for diabetic shoes, with a rising trend in the global market.
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The need for various medical footwear is also increasing as a result of the unhealthy and busy lifestyles of the world’s people. Also, the world’s growing older population will likely accelerate market growth shortly. Due to the efficient online platform provided by key businesses and growing internet usage, customers are now encouraged to buy diabetic shoes and other products online. The extension of the infrastructure facilities connected to distribution centers and specialty shoe stores is very supportive of long-term market expansion.
Important changes in market dynamics
The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.
Various Factors Propelling the Demand for Diabetic Shoes are
Amidst the global prevalence of diabetes and its associated risks, a shift towards preventive care is underway to mitigate the impacts of diabetic foot ulcers and potential limb amputations. With over 50% of at-risk diabetic patients experiencing peripheral neuropathies, a condition that escalates global mortality rates, the urgency for solutions has grown.
The surge in awareness about the benefits of diabetic footwear has fueled a substantial expansion of the Global Diabetic shoe industry. Both customized and pre-designed diabetic shoes, equipped with essential features, are gaining traction among diabetic patients globally. This trend is bolstered by the increasingly sedentary lifestyles prevalent in today’s society and the growing elderly population, expected to further boost the market growth.
The convenience of online platforms provided by key industry players, coupled with growing internet penetration, is encouraging customers to embrace online purchasing of diabetic shoes and related products. Strengthened by an evolving distribution network and specialty stores, the market is poised for sustained growth.
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Key Players:
The writer will create content on the general strategies of market players. Then will write the key players in the market are: Podartis S.r.l., Aetrex Worldwide Inc., Orthofeet Inc., Etonic Shoes, Drew Shoe, Dr. Comfort, and Others
Segmentation:
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:
The Global Diabetic Shoes Industry is segmented based on consumer groups such as
- Men
- Women
The Global Diabetic Shoes Industry is also divided by retail distribution which includes
- Store-based
- non-Store based
The store distribution channel is further sub-divided by
- Shoe Stores
- Departmental Stores and chains
- Specialty Stores
- Others
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Product Segmentation:
The investigation offers a top-to-bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.
By Regional Analysis Covered
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, U.K, Spain, France, Rest of Western Europe)
- Eastern Europe (Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa)
Full in-depth analysis of the Global Diabetic Shoes Industry
The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections, and evaluation of the market dynamics.
Segmentation Details of the Global Diabetic Shoes Industry
- Former, ongoing, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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