Diabetic Socks Market (Product Type - Ankle Length Diabetic Socks, Mid-calf Length Diabetic Socks, and Over the Knee-high Length Diabetic Socks; Material - Cotton, Polyester, Nylon, and Other Materials; Distribution Channel - Retail Stores, Pharmacies and Clinics, Specialty Stores, and Large-format Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : November, 2019

  • Rep Id : CGP040

  • Category : Consumer Goods and Packaging

  • Status : Published

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.

 

Market Insight

Diabetic 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. Companies are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share in the global diabetic socks market.

 

The growing prevalence of diabetic 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. The surge in the number of health-conscious consumers stimulates the growth of the diabetic socks market. The increasing awareness about complications associated with diabetes contributes to the demand for the diabetic socks market. The growing demand for non-invasive methodologies propels the growth of the diabetic socks market. The rising awareness about self-care treatments regarding nail health, pediatric assessment, and supportive footwear promotes the growth of the diabetic socks market. In addition, the extra cushioning provided in the diabetic socks counteracts foot ulcers boosting the growth of the diabetic socks market. On the other side, the high costs of diabetic socks hamper the growth of the diabetic socks 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 growth of the diabetic socks market.

 

Based on geography, the global diabetic socks market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a premium share in the global diabetic socks market. The growing prevalence of diabetes in North America drives the growth of the diabetic socks market in North America. Europe is expected to grow in the global diabetic socks market with a healthy CAGR over the forecast period. Asia-Pacific region is showing growth in the global diabetic socks market.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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