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 CustomizationDiabetic 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
The 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.
Diabetes patients frequently have slow blood flow, which prevents their feet from getting the necessary blood flow. Diabetes socks address the issue of slow blood circulation in a number of ways. They are first and foremost non-binding. The top of most socks is bound, which further inhibits blood flow and is extremely unhealthy for the foot. Diabetic socks, on the other hand, don't have this circulation-restricting binding and instead promote blood flow. Second, diabetic socks are particularly thick and cushioned. People with diabetes may discover that their feet are unable to recover very rapidly due to the slow blood circulation. With their soft fabric and soft padding, diabetic socks not only shield the foot from wounds and sores that would heal very slowly but also hasten the healing process.
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
Growing public awareness of diabetes and its complications has increased consumer demand for goods that can be used to prevent or treat the condition. Diabetes socks offer people support and comfort. As more people become aware of the need of wearing specialized footwear in the management of diabetes, these socks are becoming quite popular. The WHO launched the Global Diabetes Compact in April 2021 with the aim to focus on developing nations as every 3 in 4 adults are dealing with the issue of diabetes in these countries, that aims to make long-term gains in diabetes prevention and care. The initiative brings together all interested parties to work toward the shared objectives of reducing the risk of diabetes and guaranteeing that all individuals with diabetes receive equitable, thorough, affordable, and high-quality care. Thus, will further contribute to the diabetic socks market growth.
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 are designed with a number of features that directly address the foot problems associated with the condition. Diabetic socks are primarily used to protect the foot from damage and reduce skin inflammation. Some diabetic socks are made of delicately textured materials with built-in antibacterial properties, such as wool and bamboo, which won't likely irritate the skin. Other diabetic socks are made of yarn infused with copper or silver, which has been found to have anti-fungal properties, to stop the growth of bacteria and fungi. Some businesses, including Di Scholl's, sell diabetic socks made of a specific type of blister-guard yarn that is intended to reduce friction that could result in blisters. The antibacterial properties of the wool, bamboo, and charcoal used to make diabetic socks increase their value. These are a few of the main elements that have been crucially increasing market revenue.
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
Some of the key hurdles to this market’s overall growth are expensive costs, compression difficulties with diabetic compression socks, and a lack of public awareness. Patients with diabetes and those who have PAD (Peripheral Arterial Disease) should refrain from donning diabetic compression socks because they may decrease leg blood flow. Gradual compression socks and hosiery can assist patients with venous insufficiency maintain their edema under control, but uneven pressure distribution and too much pressure can harm the skin, particularly among elderly population, underprivileged people and those with thin, brittle skin. This is a significant obstacle hampering the market's revenue growth.
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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