Diabetic Footwear Market - By Product (Shoes, Slippers, Sneakers, Sandals, Socks), By Foot Condition (Neuropathy, Ulcers, Deformities), By Distribution Channel (Supermarkets & Hypermarkets, Pharmacy Stores, Online Stores), By End-use, & Forecast, 2024 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDiabetic Footwear Market - By Product (Shoes, Slippers, Sneakers, Sandals, Socks), By Foot Condition (Neuropathy, Ulcers, Deformities), By Distribution Channel (Supermarkets & Hypermarkets, Pharmacy Stores, Online Stores), By End-use, & Forecast, 2024 – 2032
Diabetic Footwear Market Size
There's a growing demand for shoes designed to protect and support the feet of people with diabetes. In 2023, the market for these shoes was worth about $7.2 billion. Experts predict that this market will continue to grow by about 6.5% each year until 2032. Why is this happening? One reason is that these shoes are getting better. New materials and ways to make them mean they are comfier and work better. For example, many now have extra padding, moisture-wicking fabric, smooth insides, and closures that can be adjusted to fit feet better. They also lower the chances of foot problems getting worse. Another reason for the growth is that companies are making these shoes in more styles and sizes to meet the different needs of people with diabetes. This includes giving them different widths and depths and making them so they can fit orthotics and other changes that are needed to help people's feet feel better.
Similarly, companies in the diabetic footwear market are collaborating with podiatrists and other healthcare professionals to gain insights into patient needs and to ensure that their products meet medical standards. Such collaborations help in developing effective footwear solutions and establishing credibility within the healthcare community. As a result, technological advancements, customization & personalization, and collaboration with healthcare professionals is augmenting the market revenue.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Diabetic Footwear Market Size in 2023 | USD 7.2 billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 11.9 billion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 454 |
| Segments covered | Product, Foot Condition, Distribution Channel, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
|
Diabetic footwear refers to specially designed shoes and footwear accessories that are created to provide optimal comfort, support, and protection for individuals with diabetes. People with diabetes are prone to foot-related complications, such as poor circulation, nerve damage, and foot ulcers, that can lead to serious health issues. Diabetic footwear aims to reduce these risks by incorporating features that promote foot health and minimize the occurrence of foot problems.
The problem is that diabetic shoes can be really pricey, which can make it hard for the industry to grow. Diabetic shoes cost anywhere from $50 to over $200, depending on the brand, how they're made, how they look, and what extra features they have. On average, though, you can expect to pay around $80 to $200 for a single pair of diabetic shoes. And if you need special shoes, like custom-made ones or ones with advanced features, you'll probably pay even more. This makes diabetic shoes a lot more expensive than regular shoes. That's because they have to follow certain rules, are made in a special way, and can be changed to fit your needs. So, the high cost of diabetic shoes can make it hard for people to buy them, which can hurt the industry's growth.
COVID-19 Impact
The COVID storm hit the market for shoes made for people with diabetes hard. Lockdowns shut down factories and travel, making it tough to get materials and slow down production. Money got tighter for many, so they focused on buying essentials rather than special shoes like those for diabetes. This meant fewer people bought these shoes, even though they're really important for keeping feet comfortable and healthy. Companies had to put off launching new designs or products because it was too risky with everything going on. All in all, the pandemic put a damper on the market for diabetic footwear and made it harder for people to get the shoes they need.
Hey there! Even though the pandemic has been rough, it's also made us think more about our health and taking care of ourselves. Especially for people with diabetes, this has meant paying more attention to their feet. With everyone spending more time at home, folks started noticing how important it is to have the right shoes for their feet. This led to a bigger demand for diabetic footwear as a way to keep their feet healthy and prevent problems. Another thing that's been changing is the way we shop. More people are buying things online, which has opened up new opportunities for companies that sell diabetic footwear. They can now reach more customers, even if they don't have a physical store nearby. So, while the pandemic has had some negative effects, like job losses and problems with getting products, it's also had positive effects on the diabetic footwear industry. People are more aware of their foot health and more companies are selling their products online.
Diabetic Footwear Market Trends
Hey there! If you're living with diabetes, you'll be thrilled to hear that tech is stepping up its game to make comfy and safe footwear for you. Say goodbye to uncomfortable shoes that leave you in pain! Cool new 3D scanning and modeling tech is the key to creating diabetic shoes that fit your feet like a dream. No more rubbing or chafing, just snuggly shoes that feel like they were made just for you. Not only that, but these shoes are designed with breathable fabrics that keep your feet cool and dry. No more sweaty feet or smelly shoes! Plus, some shoes even have built-in temperature control to keep your toes happy and healthy in any weather. These tech-savvy shoes are not just about comfort, though. They help keep your feet healthy, too. Proper fit and moisture control can prevent infections and make it easier to manage your diabetes. It's like having a foot doctor on your feet! So, if you're looking for diabetic footwear that's got your back (or should we say feet), these new tech-driven shoes are definitely worth checking out. They'll make taking care of your feet a breeze and keep you feeling comfortable and confident every step of the way.
Diabetic Footwear Market Analysis
Based on product, the diabetic footwear market is segmented as shoes, slippers, sneakers, sandals, and socks. The shoes segment held the dominant market share in 2022 and was valued at over USD 2.3 billion. This dominant market share is attributable to the growing diabetic population, increasing awareness, and the advent of innovative features among others. The rising prevalence of diabetes globally is a significant driver for the growth of the diabetic shoes segment.
In 2021, over half a billion adults worldwide had diabetes, according to experts. As more people get diagnosed, there's a huge need for comfortable and protective shoes made for diabetics. These patients know that special shoes can prevent problems like foot sores and nerve damage. So, there's a growing demand for diabetic shoes that support the feet and keep them safe. Plus, these shoes are getting better and better, with new features like extra padding, materials that let your feet breathe, and fabrics that soak up sweat.
Based on foot condition, the market is segmented as neuropathy, ulcers, and deformities. The neuropathy segment accounted for a dominant diabetic footwear market share in 2022 and was valued at over USD 3.3 billion. This high segmental revenue share is owing to the diabetic footwear that can provide several advantages in treating neuropathy, that is a common complication of diabetes. Neuropathy can cause a loss of sensation in the feet, making it difficult for individuals to detect injuries or irritations.
If you have diabetes, getting the right shoes is crucial. Diabetic shoes have special features that protect your feet from blisters, sores, and other problems that can make walking and standing uncomfortable. These shoes are like a shield for your feet, keeping them safe from harm. They have extra space in the toe area to accommodate wider feet, plus they're made with soft padding and no rough seams inside to prevent rubbing and pain. Now, diabetes can also damage nerves in your feet, which can lead to weak muscles and joints. This can make you wobbly and unsteady on your feet. Diabetic shoes have built-in support to help with this. They have firm heels, supportive soles, and adjustable straps to keep your feet in place and balanced. This makes them safer and easier to walk in, reducing your risk of falls and injuries. So, if you have diabetes, investing in a good pair of diabetic shoes is a smart move. They can make a big difference in your comfort and mobility while also protecting your feet from potential damage.
The market for diabetic footwear is divided into different channels where you can buy them, like supermarkets, pharmacies, and online stores. Out of these, online stores are doing really well and had a huge chunk of the market in 2022, about $1.9 billion! Why? Because of online shopping websites and e-commerce, it's now so much easier to find and buy diabetic shoes. You can shop from the comfort of your home, compare different options, and even check out reviews from other people who bought the same shoes. Plus, online stores often have more detailed descriptions of the products, so you can make sure you're getting the right size and style for your needs.
Moreover, online stores provide more competitive pricing for diabetic footwear as online retailers often have lower overhead costs compared to physical stores. Owing to this, customer may find better deals & discounts online, enabling them to save money on their purchases. As a result, numerous advantages associated with the online stores will upsurge the industry growth.
Imagine you're a guy with diabetes. Your feet are more likely to have problems like numbness or poor circulation, and you're at a higher risk for foot sores. That's where diabetic footwear comes in. It's specially made for people like you, with all kinds of features to protect your feet and make them feel better. For instance, the shoes have soft linings to prevent blisters and rubbing, plus wider toe boxes so your feet can breathe and move without any discomfort. But it doesn't stop there. Diabetic footwear is designed to spread your weight evenly across your feet, taking pressure off any problem areas. This is a huge help if you have foot deformities or sores. So, it's no wonder that more and more men are wearing diabetic footwear. It's not just comfortable; it's also a way to protect your feet and keep them healthy. Plus, with all the different styles available, you can find shoes that fit your unique taste.
U.S. dominated the North America diabetic footwear market with a significant market share in 2022 and is anticipated to expand at a considerable pace to reach around USD 4.6 billion by 2032. The U.S. market for diabetic footwear has been experiencing steady growth in recent years, primarily driven by factors such as the increasing prevalence of diabetes, a growing geriatric population, and rising awareness about the importance of foot care among diabetic individuals. The U.S. has a high prevalence of diabetes, with both type 1 and type 2 diabetes being significant health concerns.
For instance, as per the Diabetes Research Institute report 2022, around 37 million people were suffering with diabetes in the U.S. The demand for specialized diabetic footwear is expected to rise as the number of people living with diabetes continues to upsurge. The aging population in the U.S. is a major driver for the diabetic footwear market. Older individuals are more expected to develop diabetes & associated foot-related complications, such as neuropathy and poor circulation. As a result, they require proper footwear to prevent injuries and ulcers.
Diabetic Footwear Market Share
Some of the major market players operating in the diabetic footwear market are
- Aetrex Worldwide
- Apex Foot Health Industries, LLC
- DJO Global Inc.
- Dr. Comfort
- Dr. Zen Products Inc.
- Drew Shoe Corporation
- Finn Comfort
Major market players are adopting strategic formulations such as forward integration, new product development, geographical expansion, and research collaborations to garner maximum industry share and promote company growth.
Diabetic Footwear Industry News
- In June 2021, Aetrex introduced advanced Albert 3DFit, 3D Foot Scanning Technology. This technology enhanced the profitability through data collection & provided 3D fit technology accessibility to stores of all sizes. This scanner can calculate customers’ 3D foot measurements in less than 10 seconds with accuracy up to 1 millimeter. It features Aetrex’s FitGenius AI platform, that matches customers’ unique foot profiles with their ideal footwear styles and sizes. This launch augmented the company’s diabetic footwear portfolio.
- In August 2020, Apex Foot Health Industries, an OHI company, announced the launch of its product, Copper Cloud diabetic socks. Copper Cloud socks offer the most comfort and protection. Ideal for helping protect against diabetic ulcers, Copper Cloud socks are designed to promote dry, odor-free feet while delivering ultra-comfort. This product launch assisted the company in improving its diabetic footwear product portfolio.
Diabetic footwear market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD (million) and volume (Units) from 2018 to 2032 for the following segments
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By Product
- Shoes
- Slippers
- Sneakers
- Sandals
- Socks
By Foot Condition
- Neuropathy
- Ulcers
- Deformities
By Distribution Channel
- Supermarkets & Hypermarkets
- Pharmacy Stores
- Online Stores
- Others
By End-use
- Men
- Women
- Kids
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Switzerland
- The Netherlands
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Peru
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- Iran
- Turkey
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