About Diabetic Footwear
Diabetic footwear is therapeutic footwear, specifically developed and designed for diabetic patients to reduce the risk of several skin problems, such as blisters, sores, and skin breaks in diabetics and to prevent complications such as strain, ulcers, and amputations in diabetics. It includes slippers, shoes, and sandals for both men and women. They are usually prescribed by the physician to patients suffering from various health issues resulting from diabetes, which includes peripheral neuropathy and improper circulation of blood, especially in the lower limbs. These footwears help in preventing various foot ulcers, which can eventually lead to toe and foot-related problems.
Technavio’s analysts forecast the global diabetic footwear market to grow at a CAGR of 7.82% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global diabetic footwear market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Diabetic Footwear Market 2017-2021
Technavio recognizes the following companies as the key players in the global diabetic footwear market: Aetrex Worldwide, DARCO International, OrthoFeet, and Podartis.
Other Prominent Vendors in the market are: Dr. Comfort, Dr. Zen, Drew shoe, Etonic, Hanger, HUSH PUPPIES, New Balance, and Propét USA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Availability of products online. Diabetic footwear is comparatively a difficult category to shop for online due to the nature of their use and the absence of prior product knowledge. However, with retailers concentrating on enhancing the online shopping experience through targeted marketing and effective online education, there has been improvement in online sales. This has increased the comfort level of consumers to buy products online for this category. Many sites now have live chat options to instantly address queries, which was not possible earlier with online purchases. Vendors are interacting with consumers frequently to provide consumers health education.”
According to the report, one of the major drivers for this market is Rise in income level of consumers. The per capita disposable income exhibits low volatility in developed countries because of a spike in double-income households. This increases the purchasing power of such households. The disposable income is increasing globally, especially at a fast rate in developing countries such as India, China, Brazil, Malaysia, Indonesia, and Vietnam. This results in significant opportunities for companies present in developing countries; companies in developed countries also have the opportunity to expand their businesses in these regions, thereby affecting their market growth.
Further, the report states that one of the major factors hindering the growth of this market is Low penetration in developing countries. Due to the lack of advanced healthcare facilities and well-structured stores, patients in many developing countries, especially in rural areas, are not able to avail healthcare products such as diabetic footwear, thus impacting the market negatively. The limited number of multispecialty and superspecialty hospitals and lack of skilled physicians, nurses, and other service providers affect healthcare service, including diabetic treatment. Further, the limited number of medical studies and healthcare practices restricts the growth in the number of skilled medical professionals. Thus, marginal patientcare results in the slow growth of the market.
Aetrex Worldwide, DARCO International, OrthoFeet, Podartis, Dr. Comfort, Dr. Zen, Drew shoe, Etonic, Hanger, HUSH PUPPIES, New Balance, and Propét USA.