Scope of the Study
The Diabetic shoes is also known as therapeutic shoes and specially designed for diabetic patients to minimize the risk of various skin related problems in diabetics. It prevents from ulcers, strain, or amputations for patients with diabetics and the utilization of prescribed diabetic shoes can easily circulate the blood to lower limbs. It has been observed that increasing number of diabetic patients populations are leading is expected to flourish the Diabetic shoes in future. The manufacturers of employee monitoring solutions are expanding their businesses in Asia-Pacific countries as these countries are focused towards effective technology based equipment.
The market study is being classified by Type (Diabetic Dress & Casual Shoes, Diabetic Work Shoes, Diabetic Walking Shoes and Others), by Application (Women, Men and Children) and major geographies with country level break-up. According to AMA, the Global Diabetic Shoes market is expected to see growth rate of 7.8% and may see market size of USD9.7 Million by 2024.
Etonic Worldwide LLC (United States), Podartis Srl. (Italy), DARCO International Inc. (United States), Aetrex Worldwide Inc. (United States), Apex Foot Health Industries LLC (United States), Dr. Comfort LLC (United States), Advance Diabetic Solution (Georgia), Dr. Zen Products, Inc. (United States), Drew Shoe Corporation (United States) and Orthofeet Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ThromboGenics NV (Belgium), Allergan PLC (Ireland), Bayer AG (Germany), Regeneron Pharmaceuticals Inc. (United States) and Novartis AG (Switzerland).
It has been witnessed that the diabetic shoes market is rapidly increasing due to variety of product portfolio among the top players. The product line is useful in delivering better advanced technology based solution for diabetic persons. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Diabetic Shoes market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Diabetic Shoes market by Type, Application and Region. On the basis of Type, Product Type are dominating the market in the year 2018 where as Diabetic Dress & Casual Shoes stood as second largest market share.
On the basis of application, Application segment is dominating the market in the year 2018 where as Men segment stood as second largest market.
On the basis of geography, the market of Diabetic Shoes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Diabetic Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Athletic will boost the Diabetic Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Number of Diabetic Patients in Worldwide.
- Increase in Awareness about Healthy and Energetic Lifestyle
- Increase demand due to variety of product portfolio.
- Value proposition among the customers.
- Stiff Competition between the Major Players.
- Lack of Awareness among the people in the Developing Economics.
- Increase in Number of E-Commerce Industry in Diabetic Shoes Market.
- Rise in Funding at Research and Development for Senior Citizen Patients.
- Substitute’s Products are Available against Diabetic Shoes.
Market Leaders and their expansionary development strategies
DJO Global acquired leading theraupeutic footwear provider Dr Comfort. This acquisition is beneficial in delivering medical device solution for vascular health, musculoskeletal health and pain management in different regions.
Key Target AudienceDiabetic Shoes Manufacturers, Diabetic Shoes Traders, End-Use Market Participants of Different Segments of Diabetic Shoes, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
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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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