Global Diabetic Footwear Market is segmented By Product Type (Shoes, Sandals, Slippers, Others), By Distribution Channel (Offline Channel, Online Channel), By End-Users (Men, Women), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Diabetic Footwear Market Overview
The Diabetic Footwear Market is expected to grow at a CAGR of 8% during the forecast period 2024-2031.
Diabetic footwear is therapeutic footwear designed for reducing the risk of skin breakdown in diabetics with pre-existing foot disease due to poor circulation, neuropathy, and foot deformities. The footwear protects diabetic feet and reduces the risk and supports healthy blood circulation in feet. Diabetic footwear is available in a variety of features such as non-binding uppers, stretchable uppers, orthotic support, extra depth design for a pressure-free fit, deep-toe-box, functional soles, and others.
Diabetic Footwear Market Scope
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Metrics |
Details |
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Market CAGR |
8% |
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Segments Covered |
By Product Type, By Distribution Channel, By End-Users, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Diabetic Footwear Market Dynamics
There is an increase in the demand for diabetic footwear for people suffering from foot deformities that occurred due to diabetes. The increasing prevalence of diabetic foot ulcers with an increasing prevalence of diabetes with the increasing aging population and diabetes cases. According to the International Diabetes Federation, approximately 463 million adults of age groups 20-79 years are suffering from diabetes worldwide and this number is expected to increase and reach up to 700 million by 2045. Approximately, 1 in 5 people who are above 65 years old are affected by diabetes worldwide. Approximately, 10%-30% of diabetic patients with a foot ulcer would eventually progress to amputation.
There is an increase in the launch of diabetic footwear. For instance, in March 2018, Siren launched the Siren diabetic sock and foot monitoring system developed by using the proprietary Neurofabric material. The Siren Diabetic Sock and Foot Monitoring System and its accompanying app monitor wearers’ foot temperature as an early warning sign of inflammation and, subsequently, diabetic foot ulcers. The smart sock provides wearers with continuous, clinical-grade temperature monitoring throughout the day. The wearers can view the current temperature as measured at six points on the user's foot, and receive a push notification or text message when an increase is detected through the app or online web portal.
Several institutes are focusing on developing diabetic footwear. For instance, in October 2019, The University of Manchester and Manchester Diabetes Centre tested the effectiveness of a shoe insole system that tracks pressures and provides instant feedback, prompting users to adjust their behavior or stance to alleviate or offload the kind of pressure that can cause ulcers. In July 2015, Central Leather Research Institute developed therapeutic open footwear for the reduction of foot complications in diabetic patients by reducing abnormal distribution of foot pressure. The CLRI developed the footwear in collaboration with MV Hospital for Diabetes and Diabetes Research Centre and Novo Nordisk Education Foundation.
Diabetic Footwear Market Segment and Shares
The global diabetic footwear market is segmented based on product type as shoes, sandals, slippers, and others. The shoe segment accounts for the highest market share due to the higher usage of the shoes as diabetic shoes provide more comfort & protection in comparison to sandals and slippers. Diabetic shoes are effective in preventing several complications such as strain, ulcers, calluses, or even amputations for patients with diabetes and poor circulation. Moreover, diabetic shoes could also provide additional protection from foot injuries for reducing the occurrence of fungal infections. The diabetic shoes are comprised of a protective interior, shock-absorbing soles, stretchable uppers, a toe box, extra depth design, ergonomic soles, and other features. Diabetic shoes are made up of flexible materials, such as leather, canvas, or suede. The diabetic shoes also have a solid back for providing extra support. The market is dominated by the availability of various types of diabetic shoes such as in-depth shoes, healing shoes, custom-made shoes, and others.
The slippers segment is expected to grow at the fastest CAGR over the forecasted period owing to the increasing usage of diabetic slippers in daily life. Diabetic slippers are developed by using advanced materials such as leather, cotton, polyester, and nylon. The diabetic slippers are comprised of several features such as arch support, removable footbeds, adjustable closure designs, breathable leather uppers, durable rubber outsoles designed with slippery floor surfaces, and other features.
Further, the market is classified based on the distribution channel as offline, and online. The offline segment accounts for the highest market share of XX% in 2019. Diabetic footwear is available in various offline channels such as specialty stores, pharma outlets, and other stores. There is growing investment in the development of new specialty outlets providing diabetic footwear with other accessories.
The online channels segment is expected to grow at the highest CAGR during the forecasted period. There is increasing popularity of e-commerce portals for buying diabetic footwear with rising internet penetration. Several market players are focusing on improvement of the online shopping experience through various strategies, such as targeted marketing and effective online education for encouraging diabetic patients to purchase diabetic footwear through online platforms. Several value-added services such as Cash-on-Delivery (COD), coupon benefits, and free home delivery are boosting the sales of diabetic footwear through the online channel.
Diabetic Footwear Market Geographical Share
By region, the global diabetic footwear market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global diabetic footwear market and is expected to grow at the highest CAGR during the forecasted period owing to the high prevalence of diabetic foot ulcers with the increasing prevalence of diabetics. According to the Centres for Disease Control and Prevention (CDC), approximately 30.3 million people are suffering from diabetic foot ulcers in 2015. There is high adoption of diabetic footwear. Several companies are developing customized and fashionable diabetic footwear for meeting the recent fashion trend. There is an increasing availability of diabetic footwear with advanced and excellent foot comfort features.
The Asia-Pacific region is expected to have positive market growth due to the growing awareness regarding awareness among diabetic patients regarding the benefits of diabetic footwear. There is a growing preference for diabetic footwear recommended by physicians to diabetic patients for preventing foot-related problems. There is increasing investment by companies in the development of diabetic footwear. The increasing domestic income and purchasing power of the people shall boost the demand for diabetic footwear.
Diabetic Footwear Companies and Competitive Landscape
The global diabetic footwear market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Aetrex Worldwide, Inc, DJO Global, Dr. Zen Products Inc, Drew Shoe Corporation, Orthofeet Inc., Podartis SRL Unipersonale, and Propet USA Inc., are the leading market players with significant market shares.
The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market. For instance, in May 2020, Vimaranense company Lavoro developed a high-tech therapeutic footwear project better adapted to the condition of diabetic foot. The project is being worked on within a consortium of research and technological centers.
In February 2013, REED Medical launched a new range of diabetic footwear called Healix footwear in partnership with Tekscanthat reduces the risk of ulceration in the neuropathic diabetic foot.
The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Diabetic Footwear and their expansion across the globe. For instance, In January 2018, Sensoria Health entered into a partnership with Optima Molliter to create a smart diabetic footwear product that would monitor the patient's compliance with the clinician’s prescribed mechanical offloading protocol. The smart device, Motus Smart powered by Sensoria Health, would combine pressure sensors and the Sensoria Core technologies with the clinically tested Optima Molliter Offloading System.
In March 2011, DJO Global, Inc. entered into the definitive agreement to purchase Rikco International, LLC, a diabetic footwear provider for approximately $254.6 million in cash.
Several companies are raising investment and funding for the development of diabetic footwear products. For instance, in March 2020, Siren raised $11.8 million in funding led by Anathem Ventures, with participation from existing investors DCM, Khosla Ventures, 500 Startups, and Peter Thiel's Founders Fund. In March 2018, Siren raised a $3.4 million investment from DCM, Khosla Ventures, and Founders Fund.
Why Purchase the Report?
- Visualize the composition of the global diabetic footwear market products in terms of product type, distribution channel, and end-users highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global diabetic footwear market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of global diabetic footwear market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
**The global diabetic footwear market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages
Target Audience 2024
- Industry Investors/Investment Bankers
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