Global Diabetic Footwear Market Size, Share, Trends And Drivers 2023-2032
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
North America held the largest diabetic footwear market share.
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 diabetic footwear market size is expected to grow to $10.67 billion in 2027 at a CAGR of 8.1%.
Major Driver In The Diabetic Footwear Market – Increase In The Number Of Diabetic Patients
According to a forecast published by the International Diabetes Federation, a Belgium-based umbrella organisation of 230 national diabetes associations, there would be 463 million and 537 million diabetics worldwide in 2019 and 2021, respectively. Furthermore, the entire population of diabetics is predicted to reach 643 million by 2030, and 783 million by 2045. As a result, the growing number of diabetic patients is propelling the diabetic footwear industry forward.
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Key Diabetic Footwear Market Segments
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
Recent Diabetic Footwear Market Trend – Technological Advancement
Major businesses in the diabetic footwear market are creating innovative technologies to increase their market position. For example, in December 2021, Von Wellx, a German business that specialises in health-related footwear, will produce diabetic footwear based on response zones technology. The footwear works by massaging pressure points in the foot, much like walking barefoot on grass, boosting blood circulation and oxygen, energising the body and resulting in minimal weariness throughout the day, even if standing and walking for 12 hours or more. Because the spring and massaging function train the user’s foot muscles 2.5 times per step, it delivers the benefit of walking 8000 steps in only 3000 steps.
Diabetic Footwear Market Prominent Players
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.
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The Diabetic Footwear Global Market Report 2023 provides a comprehensive overview on the diabetic footwear market size, trends and drivers, opportunities, strategies, and companies 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 is therapeutic footwear that is wider and deeper than standard footwear and is comprised of specific protective inserts and soft materials. It has a bigger toe box to prevent squeezing and to lessen the likelihood of bottom blisters (ulcers) caused by disunion and pressure. Diabetic footwear is worn to alleviate pressure and calluses on the bottom of the foot.
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