According to a new market report published by Transparency Market Research “Diabetic Shoes Market By Distribution Channel (Online Stores, Specialty Stores, Shoes Stores, Departmental Stores, Super Market and Hyper Market) By end Use (Women and Men) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016– 2024”,the global diabetic shoes market was valued at USD 4,953.8 million in 2015 and is expected to reach USD 9,910.2 million by 2024, growing at a CAGR of 8.1% from 2016 to 2024. In terms of volume the market of diabetic shoes valued 143.3 million pairs in 2015 and is expected to reach 267.8 million pairs by 2014, growing at a CAGR of 7.3% during the forecast period 2016 – 2024.
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Diabetes is a serious chronic disease, and was estimated that 415 million people were living with diabetes in 2015. Diabetes is associated with several problems such as high blood pressure, stroke, damaged blood vessels, and heart diseases among others.
High blood glucose levels contribute to the creation of fatty deposits in blood vessel walls which can inhibit blood flow and could result in hardening of the blood vessels. Lack of proper blood circulation which can cause severe damage to the feet of the person. Diabetic patients are susceptible to feet related problems due to the narrowed blood vessels in the feet and leg. This factor has led the patients suffering from diabetes to use diabetic footwear in order to maintain a healthy lifestyle. Thus, the impact of this driver is expected to be high by the end of the forecast period.
By geography, the diabetic shoes market is segmented into, North America, Europe, Asia Pacific, Middle East, Africa and Latin America. Asia Pacific dominated the diabetic shoes market in 2015 accounted for more than 50% of the global market share. Asia Pacific (APAC) diabetic shoes market includes China, India, Japan and Rest of Asia pacific. North America held the second largest market share in 2015 of the global diabetic shoes market. Middle East includes U.A.E, Saudi Arabia, Kuwait, Oman, Qatar and Rest of Middle East. Africa Includes South Africa and Rest of Africa. Latin America diabetic shoes market includes Brazil and Rest of Latin America.
North America market for diabetic shoes is predominantly driven by increasing awareness in healthcare coupled with changing lifestyle is set to augment the growth of the diabetic shoes market in North America during the forecast period. In addition, rising development of shoes manufacturing in North America with innovative designs and quality. Internet retailing is also growing at a rapid stage, particularly in the U.S. and Canada among others. Due to convenience and price discounts offered by online retailers, large numbers of diabetic shoes are sold online on a daily basis. Furthermore, increasing number of diabetic patients is also responsible for driving the growth of the diabetic shoes market in North America. Both in terms of value and volume, the market was largely dominated by the U.S. in 2015. Europe is expected to witness substantial growth during the forecast period from 2016 to 2024, owing to factors such as increasing appeal for diabetic footwear, much developed retailing landscape, high disposable incomes and purchasing power of consumers among others. In addition, e-commerce has witnessed the most dynamic growth, rising from 5% of footwear sales in 2009 to over 12% in 2014.
Asia pacific includes China, Japan, India and Rest of Asia Pacific. The region displayed the highest market share in the global diabetic shoes market in 2015. Owing to rapid expansion of therapeutic shoes industry in emerging countries such as China and India among others. Moreover, there has been a surge in adoption of e-commerce among consumers in Asia Pacific, which in turn increased online retail sales. Both in terms of value and volume, China dominated the diabetic shoes market in Asia Pacific in 2015. Growing penetration by manufacturers operating in the diabetic shoes industry is expected to boost the market in Middle East. Countries such as Saudi Arabia, U.A.E. Qatar, Oman, Kuwait and others are expected to exhibit significant growth during the forecast period. Increase in arrival of diabetic footwear brands and retail specialists coupled with opening of new shopping malls is boosting the market of diabetic shoes in Africa. Moreover, increasing concern towards health and rising demand for footwear among diabetic patients are also driving the diabetic shoes market in Africa
Major market participants profiled in this report Aetrex Worldwide, Inc. (New Jersey, US State), Podartis Srl. (Montebelluna, Italy), Etonic Worldwide LLC (New York, U.S), Dr. Comfort, LLC. (Wisconsin, U.S.), Advance Diabetic Solution (Georgia, U.S.A), Apex Foot Health Industries LLC ( New York, U.S.A), Dr Zen Products, Inc. (Florida, U.S.A.), DARCO International, Inc (West Virginia, U.S.A), Orthofeet Inc.( New Jersey, U.S.A.) and Drew Shoe Corporation. (Ohio, U.S.A ) among others.
Global Diabetic Shoes market can be segmented as follows;-
Global Diabetic shoes Market, by Distribution Channel
- Online Stores
- Specialty Stores
- Shoes Stores
- Departmental Stores
- Super Market and Hyper Market
Global Diabetic Shoes Market, by End Use
Global Diabetic Shoes Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East
- Saudi Arabia
- Rest of Middle East
- South Africa
- Rest of Africa
- Latin America
- Rest of Latin America