Global Diabetic Footwear Market is expected to reach $9.4 Billion by 2024 from $5.3 Billion in 2016; growing at a CAGR of 7.4% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 8% and 7.7%, respectively, during the forecast period.
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The global diabetic footwear market is driven by rapid increase in number of diabetic patients globally and cases pertaining to foot deformities, ulcers, and others along with its costs of treatment, which continue to escalate annually. Moreover, rising disposable income, improving GDP, government initiatives, increasing awareness, expenditure in healthcare, and availability of fashionable and customized footwear has gained popularity in market, globally.
The market is segmented by distribution channel, and by end-use. By distribution channel, E-commerce market accounted with 60.4% of the total diabetic footwear market share due to the high penetration of smart phone, and large availabilities of variety in (shape, size, and discount rates), followed by specialty store with 16.7%, in the year 2016.
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Geographically the market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia-Pacific dominates the share of market with 36.8% followed by North America. Also, Asia-Pacific is the fastest growing region in the global diabetic market due to effort of increasing awareness, geriatric population, increase in disposable income, and others.
The key market players of diabetic footwear market include DARCO International Inc., Orthofeet Inc., Apex Foot Health Industries LLC., Advanced Diabetic Solutions, Dr. Comfort, Aetrex Worldwide Inc, Dr Zen Products, Inc., Podartis S.r.l., DARCO International, Inc, Etonic Worldwide LLC., and Drew Shoe Corporation, among others.
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Scope of Diabetic Footwear Market
Distribution Channel Segments
• Online Stores
• Shoe Stores
• Specialty Stores
• Departmental Stores
• Super Market & Hyper Market
End-Use Segments
• Women
• Men
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Others
• Asia-Pacific
o China
o Japan
o India
o Others
• RoW
o South America
o Middle East
o Africa
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