Global Diabetic Footwear Market Anticipated To Reach USD 11.32 Billion by 2028 | Price Trends, Production, Forecast Repo

Global Diabetic Footwear Market was valued at USD 7.14 Billion in 2021 and is expected to reach USD 11.32 Billion by the year 2028, at a CAGR of 6.8%.

Diabetes is a chronic (long-lasting) health condition that affects the body's mechanism of turning food into energy. Most of the food is broken down into sugar (also called glucose) and released into the bloodstream. When blood sugar goes up, it signals the pancreas to release insulin. Insulin is a key that allows blood sugar to enter the cells of the body, to convert it into energy. In diabetic patients there is not enough secretion of insulin or the body cells stop responding to insulin thus, increasing the amount of glucose in the bloodstream.

Top Key Players Covered in The Diabetic Footwear Market

Advanced Diabetic Solutions (US), Alkem Laboratories Ltd (India), Etonic Worldwide LLC (US), Aetrex Worldwide Inc. (the US), Orthofeet Inc. (the US), Dr. Comfort LLC (US), Dr. Zen Inc. (the US), DARCO International Inc. (US), Drew Shoe Corporation (US), Apex Foot Health Industries LLC (US), Podartis Srl (Italy) and other major players.

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Market Dynamics and Key Factors in Diabetic Footwear:

Drivers

Diabetic footwear or therapeutic footwear are specifically designed for the diabetic population to minimize the risk of developing various skin diseases related to diabetes in the feet region.

Restraints:

Even though the number of people suffering from diabetes is on the rise, most of them are undiagnosed. People are unaware of the serious complications that arise due to diabetes.

Opportunities:

According to IDF, diabetes was responsible for an estimated USD 966 billion in global health expenditure in 2021. This represents a 316% increase over the last 15 years.

For the Purpose Of This Report, Reports And Data Has Segmented The Global Diabetic Footwear Market On The Basis Of Type, By Source, By Product, And Region:

By Type         

  • Shoes
  • Sandals
  • Slippers

By End User 

  • Men
  • Women

By Distribution Channel     

  • Online
  • Offline

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By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Report Includes Competitor's Landscape:

  • Major trends and growth projections by region and country
  • Key winning strategies followed by the competitors
  • Who are the key competitors in this industry?
  • What shall be the potential of this industry over the forecast tenure?
  • What are the factors propelling the demand for the Action Figures and Statues?
  • What are the opportunities that shall aid in significant proliferation of the market growth?
  • What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
  • How has the covid-19 impacted the growth of the market?
  • Has the supply chain disruption caused changes in the entire value chain?

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