Global Therapeutic Socks Market Overview:
Therapeutic socks can also be calming and beneficial for people with diabetes who may stand for a significant portion of their workday or who have circulatory system problems. These socks are usually worn during the day and removed just before going to bed at night. The therapeutic socks market is projected to be driven by a large elderly population in the west, as well as countries like China and Japan. A high incidence of diabetes, which can lead to other complications such as venous disease, could improve therapeutic sock sales.
- Rising Demand due to Increasing Cases of Diabetes
- Increasing Government Support to Create Awareness on Diabetic Cure
- Development of Custom Fit Stretch Stockings
- Rising Awareness Campaigns Conducted by Non-profit Organisations and Healthcare Companies
- High Cost of Diabetic Socks
- Rising Health Consciousness among the People
- Increasing Healthcare Expenditure from Emerging Countries
- The Dearth of Awareness among the Population
The competitive landscape of the Therapeutic Socks market is witnessing a flurry of activity, with companies facing intense competition from local manufacturers. the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the key players profiled in the report are Elastic Therapy (United States), BSN Medical (Germany), Therafirm (United States), SIGVARIS (Switzerland), SIMCAN ENTERPRISES (Canada), 3M (United States), Siren Care (United States), Intersocks (Italy), THORLO (United States) and Cupron (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Therapeutic Socks market by 2026. Considering Market by Pattern, the sub-segment i.e. Paisley will boost the Therapeutic Socks market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Therapeutic Socks market. Considering Market by Style, the sub-segment i.e. Knee Highs will boost the Therapeutic Socks market. Considering Market by End User, the sub-segment i.e. Men will boost the Therapeutic Socks market.
In May 2018, Siren announced the launch of their smart sock ‘The Siren Diabetic Sock and Foot Monitoring System’ for diabetes patients by using their neurofabric material. This new system has the ability to provide early warning if there is any sign of inflammation or diabetic foot ulcers. The main aim of the launch is to help the patients to provide technology so that they can easily monitor the diabetic foot ulcers
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Therapeutic Socks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Therapeutic Socks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Therapeutic Socks Manufactures, Therapeutic Socks Suppliers, Therapeutic Socks Distributors, Government Regulatory Bodies, Research Organizations, Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.