Diabetic Footwear Market Size
Market Outlook:
Diabetic Footwear Market exceeded USD 8.44 Billion in 2023 and is anticipated to cross USD 16.45 Billion by end of the year 2032, observing around 7.7% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 8.44 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
7.7%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 16.45 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The diabetic footwear market is expected to witness significant growth due to the rising prevalence of diabetes globally, increasing awareness about the importance of foot care among diabetic patients, and the growing geriatric population. These factors are driving the demand for specialized footwear that can help prevent foot ulcers and other complications associated with diabetes.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Product, Distribution Channel |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Aetrex Worldwide, Orthofeet, DJO Global, Dr. Zen Products, Drew Shoe, Podartis srl Unipersonale, Propét USA, Hanger, Healer Health LLC, Pilgrim Shoes, Drew Shoe |
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The diabetic footwear market is facing challenges such as the high cost of diabetic footwear, limited reimbursement options for patients, and lack of awareness among healthcare professionals about the benefits of diabetic footwear. These factors are restraining the market growth to some extent.
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