Overview
The Diabetic Footwear Market is projected to grow at a CAGR of 8% from 2024 to 2031. This market focuses on therapeutic footwear designed to mitigate the risk of skin breakdown in individuals with diabetes, who often suffer from poor circulation, neuropathy, and foot deformities. These specialized shoes enhance blood circulation and offer protection to diabetic feet, featuring non-binding uppers, orthotic support, and extra depth for a pressure-free fit.
Market Growth
The rising prevalence of diabetes and related foot complications is driving demand for diabetic footwear. According to the International Diabetes Federation, about 463 million adults aged 20-79 are affected by diabetes, a number expected to reach 700 million by 2045. Innovations such as the Siren diabetic sock and foot monitoring system and research initiatives like those from The University of Manchester are enhancing the effectiveness of diabetic footwear. The market also benefits from increasing launches of advanced diabetic footwear solutions.
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Market Segmentation
The global diabetic footwear market is segmented by product type, distribution channel, end-users, and region. The product type includes shoes, sandals, slippers, and others, with shoes holding the highest market share due to their superior comfort and protection. The market also segments by distribution channels into offline (specialty stores, pharma outlets) and online platforms, with online channels expected to grow at the fastest rate. Offline channels currently dominate due to their established presence.
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Geographical Analysis
Regionally, the diabetic footwear market is divided into North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. North America leads the market due to the high prevalence of diabetes and related foot conditions, with substantial adoption of customized and fashionable diabetic footwear. The Asia-Pacific region is expected to witness significant growth due to increasing awareness and investment in diabetic footwear, driven by rising domestic income and purchasing power.
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Competitive Landscape
Top Major Key players
Aetrex Worldwide, Inc.
DJO Global
Dr. Zen Products Inc.
Drew Shoe Corporation
Orthofeet Inc.
Podartis SRL Unipersonale
Propet USA Inc.
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