Driven by the increased government spending on diabetes treatment, the global diabetic footwear market is anticipated to beef up at a healthy compound annual growth rate (CAGR) of 8.27%, according to our research report “Global Diabetic Footwear Market Outlook 2021.”
Currently, the global spending on diabetes treatment is around USD 936 Billion, which is expected to increase to USD 1,128 Billion by 2040. This rise in the spending would provide better opportunities for the growth of the diabetic footwear market in the coming future.
Apart from the rising expenditure on diabetes treatment, rapid increase in obese population, that owns a greater risk of developing diabetes, would also boost the global diabetic footwear market during the covered forecast period.
The market of diabetic footwear is mainly segmented on the basis of regions, demography, inpatient and outpatient and retail distribution. The retail distribution is further subdivided into on-line and off-line distribution channels, out which the on-line retail occupies the largest share of 78% in the market. Owing to increasing penetration of smartphones and internet all around the world, the on-line retail is projected to dominate the market during 2015-2021.
For in-depth analyses, the report titled “Global Diabetic Footwear Market Outlook 2021” encompasses the growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
With the purpose of examining the current competitive landscape of the diabetic footwear market, this report covers profiling of some of the top players which include but not limited to Podartis Srl, Drew Shoe Corporation, Aetrex Worldwide, Dr. Zen Inc., Thusane, Duna Srl, DARCO International and Ortho Europe. The profiling enfolds key information of the companies which includes company overview, products and services, key financials and recent news and developments. On the whole, the report encompasses detailed overview of the global diabetic footwear market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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