Global diabetic footwear market is estimated to be valued at US$ 7783.5 Million in 2021, according to the Global Diabetic Footwear Market Report, by Product Type (Sandals, Shoes, and Slippers), by Distribution Channel (Online Stores, Supermarkets, Hypermarkets, Specialty Stores, and Others), by End User (Male, Female, and Kids) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global diabetic footwear market was valued at US$ 7783.5 million in 2021. Diabetes is a prolonged medical condition that is caused due to the lack or lower levels of insulin in the body. A person suffering from this condition is susceptible to conditions such as sores and other external injuries, predominantly in feet. Therefore, using diabetic footwear helps diabetic patients with respect to prevention and treatment of the condition. Diabetes can result in permanent blindness and can result in a stroke and amputation of the legs. According to International Diabetes Federation, an estimated 6.7 million deaths were directly caused by diabetes in 2021 globally. Diabetes can be classified as Type 1, Type 2, and gestational diabetes. Though Type 2 diabetes was diagnosed only in adults, recently it is also being found in children.
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https://www.coherentmarketinsights.com/market-insight/diabetic-footwear-market-744
Browse 33 market data tables* and 24 figures* on "Global Diabetic Footwear Market” - Forecast to 2030.
Key Trends and Analysis of the Global Diabetic Footwear Market:
- According to Coherent Market Insights analysis, among end user, men segment held a dominant position in 2021 due to high prevalence of diabetes among men, as compared to women. According to the International Diabetes Federation (IDF) in 2019, Around 240.1 million males in the world have diabetes, compared to 240.1 million women.
Key Takeaways of the Global Diabetic Footwear Market:
- Asia Pacific dominated the market in 2021. This was due to the presence of a large population in China and India suffering from diabetes The reason behind such huge rates is genetic factors coupled with environmental influences such as obesity, associated with increasing disposable incomes, steady urban migration, and lifestyle changes. Rising spread of awareness regarding the prevention and cure of diabetes by various government bodies is expected to drive growth of diabetic footwear market in the Asia Pacific region.
- The Europe market for diabetic footwear is expected to grow at a CAGR of 7.43% during the forecast period. Market was valued at US$ 4 million in 2020. Awareness among the population has resulted in an increasing demand for diabetic footwear in the region. Main causes of diabetics in this region are obesity, unhealthy diet, and reduced physical activity.
- Major players operating in the global diabetic footwear market include Enovis companies, Pilgrim Shoes, Drew Shoe, Casa Everz Gmbh, DARCO Medical India Pvt. Ltd., Anodyne, Apis Footwear Company, Propét USA, Inc., Pedors247, Reed Medical Ltd, and Oasis Footwear
- Product launches, acquisitions, and Research and Development (R&D) are the key strategies adopted by players in the global diabetic footwear market. For instance, in December 2021, American Diabetes Association (ADA) partnered with to advance consumer resources for successful foot care for patients suffering from several foot-ailments, especially owing to diabetes. According to American diabetes association in every four minutes in the U.S., a limb is amputated due to diabetes. The American Diabetes Association (ADA) is working to help the over 34 million U.S. with diabetes to deal with and overcome the health complications they face on a daily basis such as foot complications.
Global Diabetic Footwear Market - Impact of Coronavirus (COVID-19) Pandemic
- The COVID-19 pandemic in March 2020 has shifted the global economy into a recession. At the beginning of April 2020, Manufacturing facilities of diabetic footwear around the world were facing a double impact. First, the halt of operations as a result of the pandemic and then, the rising number of order cancellations from overseas clients unable to sell such as footwear. During the first wave of Covid 19, the were completely shut as of countries across the globe have adopted lockdown as a measure to curb the movement of people.
