The global diabetic socks market size will grow at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2021-2030.
The surge in diabetic cases will boost the need for precautionary steps like utilizing diabetic socks during the forecast period. International Diabetes Federation (IDF) Diabetes Atlas data indicates that 463.0 million adults between the ages of 20 and 79 suffer from diabetes, with 79.4% of them living in underdeveloped and developing countries.
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Moreover, foot care is one of the essential routine parts for diabetic patients. Even small cuts, cracks, calluses, or blisters can cause severe foot ulcers. Diabetes directly impacts the circulation of blood, which makes healing challenging for diabetic patients. Thus, diabetic socks play a notable role in preventing a person from infections and foot ulcers.
Moreover, ulcer prevention can also save diabetic patients from amputation. Such advantageous factors can boost the growth of the global diabetic socks market during the forecast time frame.
Apart from the ulcer prevention property of diabetic socks, there are various other advantages that make the socks convenient for diabetic patients. Such factors can fuel the growth of the global diabetic socks market. Diabetic socks are made from materials that are highly useful in preventing moisture and bacteria. The acrylic, merino wool, and bamboo fibers used in the manufacturing of diabetic socks help keep feet clean and moisture-free. It can include the growth of the global diabetic socks market by boosting the demand for the product.
Regional Analysis
North America region presents the maximum contribution to the growth of the global diabetic socks market. The high pervasiveness of diabetes in North America is attributed to the growth of the regional market. Apart from that, heavy investment in diabetic products contributes is expected to exhibit promising growth results. Moreover, the Asia-Pacific region is forecast to witness significant growth during the analysis period.
Impact Analysis of COVID-19 Pandemic:
The entire industrial sector has been negatively impacted during the COVID-19 pandemic. The strict rules and government-imposed lockdowns in various countries disrupted the entire supply chain. The lockdown forced people to eliminate non-essential purchases during the COVID-19 pandemic. It reduced the diabetic socks demand for a few months. However, as governments of various countries have started to lift the lockdown restrictions, the global Diabetic Socks market is expected to resume at the same pace.
Diabetic Socks Market Segmentation:
By Type
- Ankle Length
- Calf Length
- Knee Length
By Sales Channel
- Offline Channel
- Online Channel
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
Key Players
- Colfax Corporation(United States)
- I-Runner(United States)
- Orthofeet Inc.(United States)
- European Lingerie Group(Europe)
- Drew Shoe(United States)
- Creswell Sock Mills(United States)
- Pantherella International Group(England)
- Nishika Garments International LLP(India)
- Simcan Enterprises Inc.(Canada)
- Drew Shoe.(United States)
Table of Content
Chapter 1: Global Diabetic Socks Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Diabetic Socks market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Diabetic Socks Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Diabetic Socks market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Diabetic Socks market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Diabetic Socks market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Diabetic Socks market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Diabetic Socks business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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