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The diabetic footwear market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of /almost 8%, as per The Business Research Company’s market report!

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The Diabetic Footwear Market Size In 2022 And Forecast
The global diabetic footwear market is expected to grow from $6.34 billion in 2021 to $7.07 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The global diabetic footwear market size is expected to grow to $9.57 billion in 2026 at a CAGR of 7.9%.

The diabetic footwear market consists of the sales of diabetic footwear by entities (organizations, sole traders, and partnerships) that are used to relieve pressure and calluses on the bottom of the foot.

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Increase In Number Of Diabetic Patients Is Driving The Growth Of The Diabetic Footwear Market
For instance, in 2021, according to the report published by the International Diabetes Federation, a Belgium-based umbrella organization of 230 national diabetes associations, there were 463 million and 537 million people suffering from diabetes around the world in 2019 and 2021, respectively. Also, by 2030, the overall number of diabetics is expected to reach 643 million, and by 2045, it will reach 783 million. Therefore, the increasing number of diabetic patients is driving the growth of the diabetic footwear market.

Competitive Landscape And The Regional Analysis Of The Diabetic Footwear Market
Major players in the diabetic footwear market are Podartis Srl, DJO Global Inc., Aetrex Worldwide Inc., Dr. Zen Products Inc., Orthofeet Inc., Dr. Comfort LLC, Drew Shoes, New Balance Inc., I-Runner, Finn Comfort, Pilgrim Shoes, Diabetic Soles Inc., Hanger Inc., and Hush Puppies Retail Inc.

Additionally, as per TBRC’s research – North America was the largest region in the diabetic footwear market in 2021 holding the largest market share.

The Diabetic Footwear Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the diabetic footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the diabetic footwear market.

Technological Advancement – A Key Trend In The Diabetic Footwear Market
Major companies operating in the diabetic footwear market are developing new technologies to strengthen their position in the market.

Diabetic Footwear Market Segmentation By The Business Research Company

1) By Type: Shoes, Sandals, Slippers

2) By Distribution Channel: Online Platform, Specialty Stores, Footwear Stores, Others

3) By End User: Men, Women

Here Are Some Reports Related To The Diabetic Footwear Market –

Medical Footwear Global Market Report 2022

Diabetes Care Devices Global Market Report 2022

Digital Diabetes Management Global Market Report 2022

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