A new market study, titled "Discover Global Diabetic Shoe Market Upcoming Trends, Growth Drivers and Challenges" has been featured on WiseGuyReports.
The report by the International Diabetic Federation reveals some of the key findings. A total of 387 million were diagnosed with the disease, and on the other hand, more than 4.9 million people were reported to be dead because of diabetes. The report dates back to the year 2016, and the numbers since then have been increasing every year.
Diabetes has become one of the significant issues in the modern-day world. Several solutions have been developed that assist patients in a much better way. One such item that has been a massive hit among people with diabetes is the diabetic shoe. Usually, people with diabetes have susceptible skins. Even a minor scratch, if not attended properly, can lead to severe infections or even amputation of the limb.
The diabetic shoe has proven itself a boon for the patients. It safeguards the limbs while preventing diseases like foot ulcers. This has affected the growth opportunity of the product and has become one of the key products that are prescribed by doctors all over the world.
The global diabetic shoe market reached a market size of xx million dollars. The phenomenal success owes a lot to the growing needs for quality products. Furthermore, the market is expected to grow at a compound annual growth rate of xx percent. High demands and the growing trend to adopt a healthy lifestyle has led to the growth opportunity of the shoe, and the market is supposed to reach a significant milestone by the year 2025.
Key Players of Global Diabetic Shoe Market –
The global diabetic shoe market has attracted investors all over the world. The product has the utmost potential and is already performing well in North America. Owing to its global presence, the industry is marked by many key players like Aetrex, Drew Shoe, Reebok, Rockport, Sketchers, and many others.
Diabetes has become a common phenomenon. Every other person you come across is suffering from the deadly disease. In such conditions, the patients need constant care. The diabetic shoe market understands the need and hence, has come up with innovative solutions for the market.
Factors affecting the growth
Several factors fuel the global diabetic shoe market. The growing population of diabetic patients, coupled with the demand for exception demand, has led to an increase in the product leap and bound. Other crucial factors involved in the process is the rising consciousness among individuals for health products and the ever-evolving design of shoes. These, along with a slew of other factors like dynamic supply chains and easy availability of products on the e-commerce websites, has propelled the market grow at staggering figures.
Speaking about the key regions in the industry, The United States leads the race with the lion share in its name. The rising awareness, along with the presence of disposable income, has boosted the sales in the diabetic shoe market. Europe and the Asia Pacific regions are not far behind. The growth has spurred in the major economies like China and India, which have the highest number of patients globally. The recent rise in the purchasing capacity of the region has boosted the growth engine of the industry.
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