Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7915.1 Million | USD 11231.16 Million | 7.7% | 2023 |
FrequentlyAsked Questions
The major driver for the growth of diabetes shoes market is the aging population and the rising prevalence of the disease globally. Moreover, as people are becoming more aware and health-conscious, the market is expected to grow at a rapid rate. Additionally, the rise in the role of e-commerce and brand expansion in diabetic footwear, the rise in the research and development activities, and the increase in the technological advancements and modernization in the production techniques will further create new opportunities for the diabetic shoes market the in the forecast period.
According to the Market Research report, the global Diabetic Shoes Market was worth around USD 5915.1 billion in 2021 and is estimated to grow to about USD 9231.16069 billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.7 percent over the forecast period.
North America leads the global diabetic shoes market because of its massive aging population and large prevalence of type 1 and type 2 diabetes among the population, especially in the USA and Mexico which eventually results in large consumption of such products in this region. Followed by it, Europe dominates the diabetic shoes market due to an increase in the obesity levels, an increase in the number of women diabetic patients worldwide, growing improvement in online retail penetration, and a rise in the per capita income in this region.
Some of the main competitors dominating the Diabetic Shoes Market include - Aetrex Worldwide, Inc., Podartis Srl., Etonic Worldwide LLC, Dr. Comfort, LLC., Advance Diabetic Solution, Apex Foot Health Industries LLC, Dr Zen Products, Inc., DARCO International, Inc, Orthofeet Inc., and Drew Shoe Corporation.
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