A recent report published by Infinium
Global Research on the diabetic socks market provides an in-depth analysis of
segments and sub-segments in the global as well as regional diabetic socks
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional diabetic socks market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global diabetic socks market. According to
the report, the global diabetic socks market is projected to grow at a CAGR of
6.4% over the forecast period of 2019-2025.
socks are designed with extra cushioning for diabetes patients that prevent
foot ulcers, and blistering. It provides maximum support and protects feet from
potential injuries. Technological development in diabetic socks stimulates new
product launches such as smart socks that utilize fiber optic sensors.
raises the risk of foot ulcers. A study suggests that each year 2.3% of
diabetics develop a foot ulcer worldwide. The growing prevalence of diabetics
worldwide drives the growth of the diabetic socks market. As per the
International Diabetic Federation, around 425 million adults were suffering
from diabetes in 2016, which is projected to rise to 629 million by 2045.
Furthermore, increasing awareness about complications associated with
diabetes contributes to the expansion of the diabetic socks market. The growing
demand for non-invasive methodologies is one of the causes of the market. The
rising awareness about self-care treatments regarding nail health, pediatric
assessment, and supportive footwear and surge in the number of health-conscious
consumers promote the growth of the diabetic socks market. In addition, the
extra cushioning provided in the diabetic socks counteract foot ulcers boosting
the development of the diabetic socks market. On the other side, the high costs
of diabetic socks hamper the growth of the market. Moreover, technological
innovations such as gel padding in diabetic socks, the introduction of smart
socks with fiber optic sensors create novel opportunities for the market.
America is anticipated to hold a dominant share in the global diabetic socks
market owing to the growing prevalence of diabetes. As per the American
Diabetes Association, every year there are around 1.5 million Americans are
diagnosed with diabetes. Europe is expected to grow in the global diabetic
socks market with a healthy CAGR over the forecast period. The rising demand
for diabetic socks through online distribution channels in Europe propels the
market growth in Europe. Asia-Pacific region is expected to have the fastest
growth owing to the growing population, increasing disposable income, and rapid
urbanization in developing countries.
The report on the global diabetic
socks market covers segments such as product type, material, and distribution
channel. On the basis of product type, the sub-markets include ankle length
diabetic socks, mid-calf length diabetic socks, and over the knee-high length
diabetic socks. On the basis of material, the sub-markets include cotton,
polyester, nylon, and other materials. On the basis of the distribution
channel, the sub-markets include retail stores, pharmacies and clinics,
specialty stores, and large-format stores.
The report provides profiles of the
companies in the market such as Cupron Inc., Thorlo, Inc., Siren Care Inc.,
SIGVARIS GROUP, Therafirm, BSN Medical Ltd., Simcan Enterprises Inc., Creswell
Sock Mills, 3M Company, and other companies.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the diabetic socks market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.