Diabetic Footwear Market

Diabetic Footwear Market, By Product Type, Distribution
Channel, End User, and Geography Industry Forecast till
2025
Diabetes is a chronic disease caused by lack or lower levels of insulin in the
body. A person suffering from diabetes may develop sores, abscesses, ulcers, or
loss of sensation in parts of the body, predominantly in feet. The exceptional
design of diabetic footwear aids in protecting the patient’s feet from injuries.
According to World Health Organization (WHO), in 1980, the number of
diabetic patients was108 Mn, which in reached 422 Mn in 2014. Primary reason
behind this growth in number is the busy lifestyle of urban society along with
increased intake of sugar and other artificial sweeteners.
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Unique properties of diabetic footwear help heal a variety of diabetic conditions
such as inadequate blood circulation to legs and thus, help address foot pain and
ulcers. Diabetes is classified as Type 1, Type 2, and gestational diabetes. Type 2
diabetes, the most common type, is caused mainly due to obesity and reduced
physical activity. Global diabetic footwear market is largely driven by the rising
cases of diabetes, increased spending on diabetes treatment, and growing
geriatric population, characterized by high incidence of diabetes.
Men were the biggest end users of diabetic footwear globally in 2016.
According to a report by National Health Service, males are more prone to
diabetes and need to gain far less weight than females to develop the disease.
However, women are expected to be the fastest growing end users of diabetic
footwear during the forecast period. Diabetic footwear products include sandals,
shoes, and slippers. Availability of diabetic footwear in different models gained
them wide acceptance among the public for use in any occasion.
Asia Pacific is the most dominant region in the global diabetic footwear market.
According to National Center for Biotechnology Information, around 150 Mn
diabetic patients reside in this region, with over 95% diagnosed with Type 2
diabetes. The region accounted for 36.30% of the total market share in 2016, in
terms of revenue. The dominance is on account of the large population suffering
from diabetes coupled with an increase in expenditure on diabetes treatment and
rise in the size of geriatric population. China and India are home to one-third of
the total global population with India being dubbed as ‘The Diabetes Capital of
the World’. Increase in disposable incomes has resulted in a rise in demand for
diabetic footwear in the Asia Pacific region. Also, an increase in diabetic
populace coupled with the availability of relatively cheap products from local
players in India and China augments the growth of diabetic footwear market in
the region.
North America is the second largest region, in terms of value, in the global
diabetic footwear market, closely followed by Europe. North America was
valued at US$ 1,179.9 Mn in 2016. Various government initiatives have been
put forth in the region to raise awareness on causes of diabetes among public.
For instance, American Diabetes Association is spread throughout the U.S. to
raise alertness amongst the public on precautions and treatment pertaining to
diabetes. In addition to this, National Institute of Diabetes has decided to follow
November of every year as National Diabetes Month. The diabetic footwear
market is expected to grow at a significant rate, owing to the introduction of
new brands in the market. Growing popularity of e-commerce is expected to
have a positive impact on the growth of the global diabetic footwear market.
Large geriatric population in North America and Europe accounted for a rise in
number of diabetic cases in these regions. According to Population Reference
Bureau, Statistics Canada and EU, geriatric population reported in North
America was 51 million and 94 million in Europe. The aforementioned factor is
expected to propel the market growth in North America over the forecast period.
The global diabetic footwear market was valued at US$ 5,331.8 Mn in 2016 and
is expected to expand at a CAGR of 7.86%, in terms of revenue, during 2017 –
2025.
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Diabetic Footwear Market report categorizes global market By Product Type, Distribution Channel, End User, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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