The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s diabetic footwear market report forecasts the diabetic footwear market size to grow to $10.67 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Diabetic Footwear Market Size Forecast
The global diabetic footwear market is expected to grow from $7.1 billion in 2022 to $7.83 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The diabetic footwear market size is expected to grow to $10.67 billion in 2027 at a CAGR of 8.1%.

North America held the largest diabetic footwear market share.

Key Diabetic Footwear Market Driver ­– Increase In The Number Of Diabetic Patients
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.

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Key Diabetic Footwear Market Trend – Technological Advancement
Major companies operating in the diabetic footwear market are developing new technologies to strengthen their position in the market. For instance, in December 2021, Von Wellx, a Germany-based company that specializes in footwear that provides health benefits, launched diabetic footwear based on reflex zones technology. The footwear functions by massaging the pressure points in the foot, similar to walking barefoot on grass, stimulating blood circulation and oxygen, thereby energizing the body and resulting in minimal exhaustion throughout the day, even when standing and walking for 12 hours or more. It also gives the benefit of walking 8000 steps with only 3000 steps because the spring and massaging function work the user’s foot muscles 2.5 times per step.

Diabetic Footwear Market Segment
1) By Type: Shoes, Sandals, Slippers
2) By Distribution Channel: Online Platform, Specialty Stores, Footwear Stores, Other Distribution Channles
3) By End User: Men, Women

Diabetic Footwear Market Major Players and Strategies
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.

In November 2021, Aiglon Capital and Merit Capital, a US-based private infrastructure firm, acquired Propét for an undisclosed amount. The acquisition is anticipated to improve the position, provide Aiglon and Merit with a solid base, and open up new opportunities for brand expansion. Propet is a US-based company that manufactures comfort footwear and diabetic footwear.

The Diabetic Footwear Global Market Report 2023 covers regional data on diabetic footwear market size, diabetic footwear market trends and drivers, opportunities, strategies, and diabetic footwear market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Diabetic footwear refers to therapeutic footwear that is broader and deeper than conventional shoes and made of special protective inserts and soft materials. It includes a larger toe box to avoid squeezing the toes and reduce the possibility of bottom blisters (ulcers) produced by disunion and pressure. The diabetic footwear is used to relieve pressure and calluses on the bottom of the foot.

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