Diabetic Socks Market Research Study On Revenue, Statistics, Industry Growth, And Demand For 2030

The global diabetic socks market size was USD 344.80 Million in 2021 and is expected to register a revenue CAGR of 4.8% during the forecast period, according to the latest analysis by Emergen Research. Increasing prevalence of diabetics and related complications such as Diabetic Food Ulcer (DFC) and diabetic neuropathy, growing consumer demand for better and improved accessibility and benefits offered by diabetic socks to patients over regular socks, and the introduction of innovative smart sock technology are factors driving market revenue growth.

With the reader's comprehension in mind, the team of analysts at Emergen Research painstakingly put up the new study named "Global Diabetic Socks Market." A sizable database on industry distribution is also included. The study takes into account both historical and current market conditions in order to forecast the worldwide Diabetic Socks Market outlook during the forecast period (2022–2030). Researchers who thoroughly examined the global market were able to identify the factors affecting the industry's overall growth. Strong analytical techniques, such as SWOT analysis and Porter's Five Forces, are used in the research to assess the strengths, weaknesses, opportunities, and threats connected to the growth of different market segments.   

Diabetes is becoming more prevalent all around the world. According to International Diabetes Foundation, 537 million people (20–79 years old) will have diabetes by 2021, with 1.5 million new cases of diagnosed each year in the U.S. Diabetes can cause a number of health issues, including retinopathy, brain or heart disease, neuropathy (nerve system abnormalities), and Diabetic Foot Ulcers (DFU), among others. One of the most common and early concerns, however, is the rise in skin problems in diabetic patients. The feet of most diabetics become a particularly sensitive area, making diabetes-related foot ulcers a common problem that requires careful observation and medical management due to delayed healing and reduced immunity. According to research, foot ulcers affect 15% to 25% of diabetics over the course of their lifetime, and an open sore can become infected and cause problems. In 85% of diabetes-related limb amputation cases, ulceration occurred first. Therefore, patients suffering from diabetes who have foot problems, such as diabetic foot ulcers, changes in foot color or temperature, irritation, nerve damage, blisters, fungal infections, frequently damp or moist feet, and decreased pedal pulse, would benefit from wearing solely diabetic socks, which is likely to increase demand for diabetic socks among such patients.

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Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Diabetic Socks market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Diabetic Socks market and pinpoint the fundamental growth trends.

The leading market contenders listed in the report are:

Apex Foot Health Industries, SIGVARIS, Siren, HangZhou Aidu Trading Co., Ltd., Soyad Brothers LLC., DJO, LLC, PediFix Inc., Cupron, Thorlo Inc., Reflexa, and BSN Medical

Global Diabetic Socks Market Highlights:

Regional demand estimation and forecast

Product Mix Matrix

R&D Analysis

Cost-Benefit Analysis

Pre-commodity pricing volatility

Supply chain optimization analysis

Technological updates analysis

Raw Material Sourcing Strategy

Competitive Analysis

Mergers & Acquisitions

Location Quotients Analysis

Carbon Footprint Analysis

Patent Analysis

Vendor Management

Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

Regional Segmentation:

North America

Latin America

Europe

Middle East & Africa

Asia Pacific

Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

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Some Key Highlights From the Report

The copper segment accounted for a moderate revenue share in 2021. Copper-infused socks also stop an athlete's foot from spreading when worn again and these socks prevent odor. Within hours of contact, copper's antimicrobial properties successfully eliminate bacteria, viruses, and fungi that cause skin diseases or offensive odors and copper-impregnated fabric also aids in growth of new skin cells, which speeds up wound healing and offers protection from pathogens. Compression socks and accessories with copper infusion can aid with blood flow and foot health, making it simpler to manage or prevent diabetes-related issues. Copper ions are molecularly inserted into the yarn of sock, where they will stay for by using modern technology. These are major factors driving revenue growth of this segment.

The retail stores segment accounted for a significant revenue share in 2021. This is attributed to offline stores facilitating a variety of options of hair care products promoting both branded and private labelled products. Retail establishments give customers right to make decision by allowing them to select from a variety of brands. Customers can also interact with owners and employees of retail establishments about various products to gain pertinent information. Retail store owners and employees may help customers make the best decision, which might be more convenient for them if they prefer an efficient purchasing procedure to browsing online. Retail establishments enhance customer happiness and facilitate smarter purchasing decisions by enabling a comprehensive shift in the consumer's shopping journey.

The Asia Pacific market accounted for a significant revenue share in 2021. The diabetic socks market is growing in this region, particularly in India, Japan, and China, owing to rising prevalence of diabetes among population, especially growing elderly population and increasing textile imports and exports for hosiery products including diabetic socks for provision of diabetic socks, especially in China and India, which have resulted in continued growth of this industry. For instance, according to International markets for Hosiery, global commerce in hosiery, which includes socks, pantyhose, tights, compression hosiery, and stockings, is anticipated to increase in 2021. Particularly in case of hosiery, extra taxes on the U.S. imports from China are probably going to cause some Chinese production to move to Asia's lower-cost nations, such as Bangladesh, India, Indonesia, Pakistan, and Vietnam, hence driving revenue growth of the market in this region.

Market Overview:

The report bifurcates the Diabetic Socks market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Material Type Outlook (Revenue, USD Million; 2019-2030)

Bamboo

Copper

Wool

Acrylic

Others

Distribution Channel Outlook (Revenue, USD Million; 2019-2030)

E-Commerce

Retail Stores

Hospital Pharmacies

Regional Outlook (Revenue, USD Million; 2019-2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of Middle East

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Key reasons to buy the Global Diabetic Socks Market report:

The latest report comprehensively studies the global Diabetic Socks market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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