It is projected that the global diabetic socks market will grow from $1.2 billion in 2021 to $1.6 billion by 2028, at a 5-year compound annual growth rate (CAGR) of 4.4%. The United States is the largest market for diabetic socks with over one-third share of the revenue globally. In addition, North America leads the world in terms of volume sales and has been experiencing a CAGR of 7% during the 2010–2021 period.
Diabetic socks are a type of sock designed to prevent the occurrence of diabetic foot ulcers. They have additional padding for comfort and reduce pressure on the feet, as well as an anti-bacterial treatment to ward off infection from bacteria such as Staphylococcus Aureus. Diabetic socks come in regular or smart designs. Regular ones can be found at retail stores while smart designs must be purchased online or through catalogs--they monitor blood flow over time and send alerts when it is too high or low to help maintain optimal levels so that you don't experience complications like nerve damage because of diabetes-related neuropathy, which could lead to painful sensations and muscle cramps caused by numbness and tingling.
Diabetic socks are specially designed to be worn by diabetics. They have a special design that makes them feel like regular socks on the foot, but they provide much more elasticity around the ankle. Diabetic socks can help reduce swelling and improve circulation in feet while also protecting against injuries from rubbing or pressure from shoes with rigid soles.
On the basis of type, the global diabetic socks market is segmented into regular and smart.
Regular diabetic socks are the traditional type of sock that comes in solid colors or patterns. They come with cotton, wool, acrylic, and other materials. Regular diabetic socks can be worn by people who have diabetes but who do not need to monitor glucose levels.
Smart diabetic socks are designed specifically for diabetics to track their sugar levels. They have a sensor that attaches to an app on the user's phone, which enables them to see how much glucose is in their blood and when it peaks or drops throughout the day.
On the basis of application, the global diabetic socks market is segmented into retail stores, online stores, modern trade, and pharmacies.
Retail stores are the most popular place to purchase diabetic socks. Some retailers that specialize in medical supplies also sell them, as well as retail chains such as Walmart and Target. Retailers often offer a wide variety of sizes for people with different needs, and they can be found among other items related to diabetes management.
The online store segment of the market has been increasing over time as more people shop for various goods and services on websites such as Amazon, Flipkart, Snapdeal, etc., in addition to social media networks such as Facebook and Instagram. Their wide range of products caters specifically towards those with diabetes needs which makes it an ideal destination for this kind of customer base. Retail stores are seeing fewer customers than ever before due to increased competition from online retailers who offer lower prices and convenience when shopping but still have limited product selection that matches what’s found offline.
The application of diabetic socks is also growing in modern trade as it provides users with the opportunity to make purchase decisions based on their location rather than having to go through the process of visiting malls or shopping centers like Walmart, Target, and other major retailers that sell large quantities but have limited choices for customers. Walgreens now offers its own line of diabetic footwear which includes shoes, slippers, and boots while JCPenny has launched an entire store called Beyond Diabetes carrying products such as sanitary wipes designed especially for people with diabetes.
Pharmacies are often the first place diabetics will go and especially when they have a foot injury or condition that needs to be treated. A pharmacist may recommend diabetic socks as one of the best ways for people with diabetes to keep their feet healthy.
On the basis of region, the global diabetic socks market is segmented into North America and Europe. The United States of America has been a leading country in diabetes care by not only providing extensive education but also developing new treatments that are effective for people living with type-one or type-two diabetes. Europe’s medical community offers its own treatment plans for diabetics to live healthy lives free from complications such as foot ulcers.
Asia Pacific (APAC) countries have developed their respective markets by integrating physical activity programs alongside individualized drug therapies and improving diet habits among diabetics which were found to be major factors responsible for preventing the onset of these debilitating conditions. The Middle East & Africa region lags behind other areas on account of lack of awareness of the debilitating condition.
The growth factors are the increasing incidence of diabetes, technological advancement in the textile industry, and rising disposable income. The major players have been working on developing smart socks as well as regular ones to maintain market share.
There are many factors that will help the global diabetic socks market grow in the coming years. These include The increasing number of people suffering from diabetes. This is a significant factor because as more individuals get diagnosed with diabetes, they require specialized clothing that can accommodate their increased need for moisture and foot protection against germs or dirt entering through gaps in footwear.
An increase in the number of diabetic foot ulcers could also lead to an uptick, as people with diabetes who have experienced or are at risk for such a condition may require special socks that can reduce their chances of developing further foot wounds. The overall cost-effective nature of these products is also a factor that will help drive revenue growth over the next few years.
Up Market Research published a new report titled “Diabetic Socks Market research report which is segmented by Types (Regular Socks, Smart Socks), By Applications (Retail Stores, Online Stores, Modern Trade, Pharmacies, Clinics, Others), By Players/Companies BSN Medical, Therafirm, SIGVARIS, SIMCAN ENTERPRISES, 3M, Veba, Siren Care, Intersocks, THORLO, Cupron, Creswell Sock Mills”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Diabetic Socks Market Research Report|
|By Type||Regular Socks, Smart Socks|
|By Application||Retail Stores, Online Stores, Modern Trade, Pharmacies, Clinics, Others|
|By Companies||BSN Medical, Therafirm, SIGVARIS, SIMCAN ENTERPRISES, 3M, Veba, Siren Care, Intersocks, THORLO, Cupron, Creswell Sock Mills|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||242|
|Number of Tables & Figures||170|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Regular Socks, Smart Socks and By Application Retail Stores, Online Stores, Modern Trade, Pharmacies, Clinics, Others.
Some of the companies that are profiled in this report are:
Diabetic Socks Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Diabetic Socks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Diabetic Socks Market Report:
Some other reports from this category!