Heated slippers are the solution for cold feet and are used for relaxation of feet while working on the computer or watching T.V. These slippers are pre-installed with a heating pad, USB cable and a battery which helps to warm the slippers. Furthermore, these slippers come with a remote control which is used to control the temperature while using the slippers. Moreover, the materials used for manufacturing these slippers are soft wool and insulating cotton as it helps to retain the heat. Additionally, growing health related issues, coupled with an increasing aging population is expected to boost demand for heated slippers across the globe. As a result, the global heated slippers market is expected to witness significant growth during the forecast period.
Factors Driving Growth of Heated Slippers Market
Heated slipper are majorly used for relaxation and medical purposes. Patients with medical conditions such as Achilles tendinitis, rheumatoid arthritis, lupus and gout are advised by doctors to use these slippers to help them relieve the pain. These factors are expected to facilitate growth of the market for heated slippers over the forecast period. Moreover, manufacturers of heated slippers are focusing on developing advance features to give comfort to users, owing to which the market is expected to show positive growth during the forecast period. For instance, in October 2019, U.S. based company, Smoko Inc., launched a pair of heated slippers with USB connectivity features which provide heat inside the shoes.
Furthermore, use of these slippers can help improve pain from a number of ailments such as foot inflammation, pain, stress and chronic cold feet by increasing the blood circulation and warmth of the body. All the above advantages of heated slippers are projected to aid growth of the market over the forecast period (2019-27).
However, heated slippers are available at higher costs compared with other options such as foot warmers and microwave warm boots. High cost of heated slippers is expected to hinder the market growth to some extent.
Regional Analysis of Heated Slippers Market
On the basis of the region, the heated slippers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
North America region is estimated to hold a dominant position in the global heated slipper market in 2019, and is projected to retain its dominance throughout the forecast period. This is owing to high incidence of diabetes across U.S. which involves the use of heated slippers as a treatment option. For instance, according to the American Academy of Orthotists and Prosthetic's, out of 20 million children and adults in the U.S., around 7% have diabetes. Moreover, high spending power of the people across the U.S is a major factor driving the market growth.
Key Players Operating In Heated Slippers Market
Key players operating in heated slippers market include Cozy, Snugtoes Ltd, Meister Co., Ltd, Narwhal Co., Beurer GmbH, Voltheat, FootwarmerHQ, Heatedmouse, Smoko Inc., Snookiz LLC, Valuerays, Obbomed Group LLC., Cozy and Warmers.
Segmentation of Heated Slippers Market
Segmentation of heated slippers market on the basis of component, sales channel, material type, end user, application, and region.