The growing prevalence of
diabetes across the globe is the key factor driving the demand for and market
of diabetic shoes, states Transparency Market Research (TMR). In a report
titled “Diabetic Shoes Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024,”
TMR observes that an increase in counseling for proper foot care will also
accelerate the market.
The World Health Organization
states that since 1980, the number of people suffering from diabetes has
quadrupled, with an estimated 422 mn people living with this disease worldwide.
In 2012 alone, around 1.5 mn people died from causes related to diabetes. With
the increase in the prevalence of diabetes, the level of awareness has also
surged, thereby driving the demand for diabetic shoes. The demand for
customized diabetic shoes and the focus of manufacturers on the development of
lighter, sturdier, and pressure-relieving shoes is projected to boost the
market in the coming years.
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In terms of revenue, the
global diabetic shoes market is dominated by North America and the region held
the highest share in the overall market at the start of the forecast period. The
growth of this market can be attributed to the production and availability of
innovative diabetic shoes in the U.S. The presence of a massive diabetic
population has also played a crucial role in the development of the market in
this region.
TMR zeroes in on Asia Pacific
as a highly lucrative market for diabetic shoes owing to the rising prevalence
of diabetes in the region and growing awareness about the disease. The
increasing disposable income in the emerging economies of India and China is
also projected to fuel the market during the forecast period.
The vendor landscape of the
diabetic shoes market is characterized by the presence of players that are
largely focused on manufacturing low-cost products. Considering that Asia
Pacific presents immense potential in this sector, companies are turning their
attention to emerging economies in the region to capitalize on the
opportunities presented. The market is also likely to witness the entry of
several new players as this segment of the overall footwear market has been
identified by TMR as being extremely lucrative.
Drew Shoe, Etonic Shoes,
Podartis S.r.l., Aetrex Worldwide, Inc., Dr. Comfort, and Orthofeet, Inc. are
some of the notable players in the global diabetic shoes market.
The report is aimed at helping
clients identify the various opportunities that lie ahead in the global
diabetic shoes market and provide the necessary guidance in developing
profitable growth strategies. The challenges that companies may face over the
course of the forecast period have also been addressed with the help of
recommendations from industry experts.
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