Diabetic Socks Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Product Type (Ankle Length, Calf Length, Knee Length), By Material Used (Polyester, Cotton, Wool, Nylon, Others (Spandex, Bamboo)), By Sales Channel (Hypermarkets, Pharmacy & Drug Stores, E-Commerce and Others (Distributors, Dealers, etc.)), By Region, Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global diabetic socks market is witnessing high demand owing to various reasons such as rising number of diabetic issues among people is contributing to the increased demand of the product.
As per the data provided by International Diabetes Federation in 2021, approximately 537 million adults aged between 20 to 79 years are suffering from diabetes and the number of patients is projected to reach 643 million by 2030 and 783 million by 2045. Thus, people suffering from diabetes implement some major actions such as they exercise regularly, eating healthy, control and monitoring of blood pressure and avoid smoking to curb the ill-effects of diabetes on foot, people use diabetic socks in their daily routine.
Diabetic socks are made specifically to prevent foot injuries, keep feet dry, and improve blood flow. They are a crucial component of foot care, as the high blood sugar levels have the potential to harm the nervous and circulatory systems. The risk of damage rises due to decreased sensation in the feet, especially the soles, caused by diabetic neuropathy. Additionally, it might lead a diabetic person to miss signs of an injury and put off seeking medical attention.
For people with diabetes, getting enough blood to their feet can be a real challenge due to slow blood flow. That's where diabetic socks come in! They're designed to tackle this problem in a few key ways. First off, they're non-binding. You know how regular socks often have that tight elastic band at the top? That can actually cut off circulation, which is the last thing you want for your feet! Diabetic socks, on the other hand, are made without that binding, allowing blood to flow freely. Secondly, diabetic socks are extra thick and cushioned. Because of that slow circulation, any little wound or sore on your foot can take forever to heal. These socks offer a soft fabric and padding that not only protect your feet from getting hurt in the first place, but also help speed up the healing process if you do happen to get a cut.
The market is expected to rise despite the fact that many people with diabetes are not aware of the many health benefits that the product offers, particularly in emerging and poor countries. New market expansion potential are presented by rising self-care awareness of supportive footwear, technological advancements like gel padding, and the introduction of smart socks with fiber-optic sensors.
Download Free Sample ReportIncreased Awareness of Diabetes Prevention Aids the Market Growth
It's no secret that people are more aware of diabetes these days, and that's driving demand for products that can help manage or prevent it. Take diabetes socks, for example! They're all about giving your feet the support and comfort they need. And because folks are clued in on the importance of specialized footwear when dealing with diabetes, these socks are really taking off. Speaking of global efforts, the WHO launched the Global Diabetes Compact back in April 2021. It's a big deal, especially for developing nations, where a whopping 3 out of 4 adults are facing diabetes. The goal? Long-term improvements in diabetes prevention and care. The initiative is bringing everyone to the table to reduce diabetes risk and make sure everyone with diabetes gets fair, complete, affordable, and top-notch care. All of this is expected to give the diabetic socks market a real boost!
Growing Public Health Spending are Driving the Healthcare Related Products
The rising health concerns and increasing awareness among the consumer has led to increased spending on healthcare related products. As per the data provided by Centers for Medicare & Medicaid Services, the United States health care spending grew by 9.7% in 2020, reaching USD 4.1 trillion or USD 12,530 per person. Moreover, the global healthcare spending declined by 0.1% in 2020 and witnessed a surge in 2021 by 5.8% and reached USD 8.8 trillion. Thus, the global spending on healthcare and health related products is also expected to contribute to the diabetic socks market size during the forecast period.
Diabetic socks? They're not just socks; they're designed to help with those foot problems that diabetes can cause. Basically, they're all about protecting your feet and keeping inflammation down. Some are made from super-soft materials like wool and bamboo that even have built-in antibacterial powers to avoid irritating your skin. Others use yarns with copper or silver – things known to fight fungus – to keep bacteria and fungi from growing. And you know how blisters can be a pain? Some companies, like Di Scholl's, even make diabetic socks with special blister-guard yarn designed to reduce friction. Plus, that wool, bamboo, and charcoal? They all have antibacterial qualities that make these socks even better. All these features are really driving up the demand – more and more people are seeing the value!
Surging Preference for Cotton Diabetes Socks is Fueling the Market Growth
Since cotton is utilized to make lightweight diabetic socks, cotton diabetic socks are predicted to maintain their market dominance during the forecast period. Moreover, they are very apt at absorbing moisture and these cotton diabetic socks are durable, washable, and breathable.
High Cost of the Product is Hindering the Market Growth
Okay, so here's the thing about this marketit's facing some pretty big challenges. For starters, it can be expensive. Plus, getting the compression right with diabetic compression socks is tricky, and not enough people really know about them. Important noteIf you have diabetes or PAD (Peripheral Arterial Disease), you should actually avoid diabetic compression socks, as they could reduce blood flow to your legs. While gradual compression socks and hosiery can really help people with venous insufficiency manage swelling, it's easy to mess up the pressure. If it's uneven or too strong, it can damage the skin, especially for older folks, people who don't have a lot of resources, or anyone with thin, fragile skin. And honestly, that's a major reason why the market isn't growing as fast as it could.
Market Segmentation
The diabetic socks market is segmented based on product type, by material used, by sales channel. On the basis of product type, the market is divided into ankle length, calf length, and knee length. Based on material used, the market is segmented into polyester, cotton, wool, nylon, and others (spandex, bamboo). On the basis of sales channel, the market is segmented into
Company Profiles
BSN Medical, Ltd., HangZhou Aidu Trading Co., Ltd., Simcan Enterprises Inc., Intersocks S.R.L., Thorlo, Inc., Creswell Sock Mills, LLC, Veba Inc., PediFix, Inc., Lifestyle Medical Group LLC., Walgreen Co. are
Recent Developments
- In2018, Siren a San Francisco-based manufacturer of microsensor textiles launcheda Diabetic Sock and Foot Monitoring System and its companion app track users'foot temperatures to detect inflammation and, ultimately, diabetic foot ulcersbefore they occur. The recently released smart sock from Siren offers 24/7clinical-grade temperature monitoring to wearers. Wearers can check theirfoot's six temperature readings using the app or online web portal. They canalso get push notifications or text messages whenever there is an increase intemperature.
- By2022, Drymax Technologies launched new diabetic socks under the AVAL brand,significantly improving the conditions for the foot within the shoe. Usingdrymax fibre technology throughout the whole foot of the sock, the AVAL activediabetic sock safeguards diabetic feet.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Product Type Material Used Sales Channel Region |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
| Country Scope | United StatesCanada, Mexico, France, Germany, Spain, Netherlands, United Kingdom, China, India, Japan, Vietnam, South Korea, Indonesia, Saudi Arabia, South Africa, UAE, Turkey, Brazil, Argentina, Colombia |
| Key Companies Profiled | BSN Medical, Ltd., HangZhou Aidu Trading Co., Ltd., Simcan Enterprises Inc., Intersocks S.R.L., Thorlo, Inc., Creswell Sock Mills, LLC, Veba Inc., PediFix, Inc., Lifestyle Medical Group LLC., Walgreen Co. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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