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Market Research Report

Global Diabetic Footwear Market Outlook 2016-2024

Published On : 2018-02-13 Report Page : 280 Category: Consumer Retail

Global Diabetic Footwear Market 

Market Overview

Global diabetic footwear market is gradually growing owing to the safety and vital comfort features of the diabetic footwear which keeps the person less prone to foot related diseases. As per the statistics people with diabetes are 10 times prone to foot amputations compared to people without diabetes. With the increase in per capita income of Asia-Pacific region countries such as Japan, Australia, Singapore, the spending capacity has increased and thus demand for diabetic footwear is also increasing.

Goldstein Research analyst forecast the diabetic footwear market size is set to reach USD 8.43 million by 2024 from the current USD 4.3 million, growing at a CAGR of 7.01% over the forecast years. The increasing number of diabetic patients, rising old age population, diabetic footwear availability awareness among diabetic patients and the high cost of diabetes treatment are the factors that will impact the growth of diabetic footwear market.

Covered in This Global Diabetic Footwear Market Report

The report covers the present ground scenario and the future growth prospects of the diabetic footwear market for 2016-2024 along with the statistics of the total shipment of diabetic footwear. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of diabetic footwear on the basis of number of diabetic patient present worldwide.

Global Diabetic Footwear Market Segmentation

By Product Type

  • Dress Shoes
  • Work Shoes
  • Walking Shoes
  • Double Depth Shoes
  • Casual Footwear (slippers, sandals, sneakers and more)

By Gender

  • For Males
  • For Females

By Distribution Channel

  • Online Channel
  • Offline Channel

Based on Geography

  • North America (U.S. & Canada)  diabetic footwear market
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  diabetic footwear market
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  diabetic footwear market
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  diabetic footwear market
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  diabetic footwear market

On the basis of product, men diabetic footwear products are the dominant end user in the diabetic footwear market over the women diabetic footwear products with the market share of 57:43 respectively, as males are more prone to diabetes because it requires lesser increase in weight to develop the disease. At the rate of 5.6% CAGR, females are expected to be the fastest growing end user due to the upcoming trendy and fashionable diabetic footwear.

Diabetic footwear market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the diabetic footwear market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global diabetic footwear market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Market Trends, Drivers and Challenges

According to our global market study on the basis of extensive primary and secondary research, “The rising trend is of the fashionable diabetic footwear which can be worn as per the choice. This trendy diabetic footwear has the equal therapeutic impact on the feet as the earlier monotonous footwear.”

According to the report, major driving factor for global diabetic footwear market number of diabetic patients over 18 years of age has risen from 4.7% in 1980 to 8.5% in 2014, especially among the old age population. The awareness towards the benefits of diabetic footwear and the rising expense on the diabetes treatment is compelling the patients to raise the demand for diabetic footwear.

Further, high cost is one of the major challenges for the industry players which are restraining the growth of sales. In developing nations there is less awareness about the diabetic footwear moreover their spending ability is low as compared to other developed nations are the major constraints against the demand of diabetic footwear.  

Global Diabetic Footwear Market Analysis

Based on geography, Asia-Pacific has 36.8% market share in 2016 of the global diabetic footwear market. Rise in aging population in major economies such as in China, Japan and others with their increasing disposable income have the high demand in Asia-Pacific region. On the other hand, North America also holds the largest market share of 29.7% in 2016 in global diabetic footwear market owing to huge population of diabetic patients and the awareness among the diabetic population towards the benefits of diabetic footwear.

Key Players

Global diabetic footwear market report comprises of the following companies as the key players in the diabetic footwear market:  Aetrex Industries, Inc., New Balance Atheltics, Inc., Orthofeet, Inc., DJO Global, Inc., Drew Shoe Corporation, Propet USA, Inc., Hush Puppies Retail, Inc., Skechers U.S.A., Inc.

Other high-flying vendors in the diabetic footwear market are: Finn comfort, I-Runner, Pilgrim Shoes, Dr. Comfort, Dr. Zen Products, Inc., Podartis Srl.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Diabetic Footwear Market Report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the revenue of diabetic footwear market in 2015-16 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Diabetic Footwear Market Outlook 2016-2024

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