The diabetic Shoes Market is
projected to reach US$ 14.9 Billion by 2032 – Future Market Insights
According to Future Market Insights, the global Diabetic Shoes Market is expected to
reach $ 14.9 billion by 2032 and grow at a CAGR of 6.4% between 2022 and 2032.
About 2% of the global shoe market is dedicated to Diabetic Shoes.
Diabetics around the world are becoming more and more
accustomed to wearing Diabetics Shoes
with distinctive key elements such as comfort and staples. They help reduce the
risk of skin damage in diabetics who already have nutritional problems.
Increasing innovation by market leaders to provide
individualized and attractive shoes to diabetics, in line with the latest
fashion trends, especially among the female population, is driving the overall
demand of the market.
If diabetics use Diabetic Shoes frequently, their quality of life has improved
significantly. These shoes are affordable compared to professional nursing
services and are becoming more popular thanks to the treatment of diabetic foot
ulcers and amputations. Due to this factor, sales of Diabetic Shoes should increase in the next few years.
The global Diabetic
Shoes market will also benefit from a growing desire for unique style and
luxury. Increased health awareness and accessibility are expected to increase the
demand for shoes for diabetics. In addition, thanks to the growing awareness of
diabetics, industry participants are offering more specialized diabetics. For
example, for patients with corn, octopus, or other foot abnormalities, Wellness
Diabetes offers high-quality shoes made of microcellular polymers that are
individually worn.
Regional
Analysis
The Centers for Disease Control and Prevention (CDC) estimate
that approximately 37.3 million Americans have diabetes. Serious complications
including limb amputations and diabetic foot ulcers are frequently brought on
by this condition. According to the National Institutes of Health (NIH), around
34% of diabetics will experience foot ulceration over their lifetime, and
approximately 100,000 of them will experience lower limb amputation due to an
infected or unhealed foot ulcer.
The growing incidence of diabetes, the government
taking initiative, a flourishing smart shoe industry, and a significant
presence of top diabetic shoe manufacturers all support the nation's growth.
With sales predicted to rise at a CAGR of 2.5 percent throughout the
projection period, the U.S. will continue to be a profitable market for Diabetic Shoes.
Important
Points:
·
As people become more conscious of the need of
living a complete and healthy lifestyle, dress shoes are predicted to make up
the bulk of the market in terms of type.
·
A significant portion—29.5 percent—of all widths
in 2021 will fall into the medium width category.
·
Due to the increased incidence of diabetes in
women, it is predicted that women would make up a sizable portion of the
end-user market.
·
A CAGR of 8.3% over the projected period, backed
by patient type, is predicted for the outpatient category, which will
experience a significant increase.
·
The U.S. maintained a notable value share of 67.6
percent in North America in 2021 due to the nation's rising incidence of
diabetes.
What is the
most popular product category in the global market for Diabetic Shoes?
The market for Diabetic
Shoes is divided into categories based on the kind of product, including
dress shoes, walking shoes, and running shoes. Due to the quick uptake of diabetic
dress shoes by customers, the dress shoes category, which had the highest share
of all of these at 43.4 percent in 2021, is anticipated to expand at a
substantial rate throughout the forecast period.
Since these shoes are versatile and may be worn everywhere,
both men and women with diabetes can wear them. Working professionals
frequently favor diabetic dress shoes because of their improved comfort and
protection.
Why are
women so interested in buying Diabetic Shoes?
Between 2022 - 2023, it is anticipated that sales of women's Diabetic Shoes would increase as more
women in developing nations become aware of diabetes and its effects on their
health.
The market for Diabetic
Shoes was dominated by women in 2021, and this trend is anticipated to
continue with a respectable CAGR of 8% over the forecasted
year (2022-2032). Increasing rates of diabetes among women and increased
expenditures by women on caring for and preserving their bodies are mostly to
blame for this.
For more insights Read Future Market Insights Research
report: https://www.futuremarketinsights.com/reports/diabetic-shoes-market
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