The study provides a decisive view of the diabetic shoes market by segmenting the market based on distribution channel, end use, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the distribution channel, the market is segmented into online and offline. Based on end use, the market is segmented into men, women, and children.
Sarasota, FL -- (SBWIRE) -- 12/21/2018 -- Zion Market Research has published a new report titled "Diabetic Shoes Market by Distribution Channel (Online and Offline) and by End User (Men, Women, and Children): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2017 – 2024". According to the report, the global diabetic shoes market was valued at around USD 5.27 billion in 2017 and is expected to reach approximately USD 10.40 billion by 2024, growing at a CAGR of around 10.0% between 2018 and 2024.
Diabetic shoes are also recognized as therapeutic shoes which are specially designed for diabetic patients to reduce the health risk associated problems in diabetes. The use of diabetic shoes is necessary due to the several complications of diabetes such as improper blood circulations in lower limbs. Thus, the basic objective of diabetic shoes is to protect feet from any kind of injuries in order to avoid risks of amputations, ulcers, and strains. Hence, wearing appropriate diabetic shoes offer quality life by helping patients to recover fast. Hence, this is expected to boost the global diabetic shoes market during the forecast period.
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According to the Center for Disease Control and Prevention (CDC), in 2015, approximately, 30.3 million people suffered from diabetes in the U.S. Among them, around 132,000 children and adolescents aged less than 18 years suffered from diabetes in the U.S. same year. As per the Center for Disease Control and Prevention (CDC), around 5% of people were diagnosed with type-1 diabetes in the U.S. in 2015. Moreover, according to the National Institute of Health (NIH), in 2017, around 84.1 million adults aged 18 years and older were estimated with prediabetes. As per the National Institute of Health (NIH), about 36.6% men and 29.3% women have displayed prediabetes in the U.S. Besides this, according to the World Health Organization (WHO), in 2017, the prevalence of diabetes has been rising more rapidly in the middle- and low-income countries. Furthermore, complications like kidney failure, heart attacks, stroke, blindness, and lower limb amputations are mainly caused due to diabetes. Thus, the data represents a high prevalence rate of diabetes which eventually demands increased diabetes treatment and diabetic shoes. Therefore, diabetic shoes market is anticipated to attain huge growth rate during the forecast period.
The global market of the diabetic shoes is categorized into the distribution channel and end user. By distribution channel, the global market is segmented into online and offline. Among which, the online distribution channel is projected to accomplish the largest market share during the forecast period. This growth is mainly due to the rising online shopping portals with a variety of diabetic footwear.
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Based on the end user, the global diabetic shoes market is classified into men, women, and children. Among which, the men end-user segment is likely to gain high market share during the forecast period. According to the Center for Disease Control and Prevention (CDC), in 2015, about 44.5 million men and around 39.5 million women were diagnosed with prediabetes in the U.S.
By geography, the global diabetic shoes market finds its market scope in Europe, North America, Latin America, Asia Pacific and the Middle East & Africa. According to the International Diabetes Federation (IDF), India is one of the 6 countries of the IDF South East Asia (SEA) region. Approximately 425 million people have diabetes globally and around 82 million people have diabetes in the South East Asia Region; by 2045 this will rise to around 151 million. Addition to this, as per the IDF, India accounted for around 72.946.400 cases of diabetes in 2017.
The report also includes detailed profiles of key players such as Etonic Worldwide LLC, Podartis Srl., DARCO International Inc., Aetrex Worldwide Inc., Apex Foot Health Industries LLC, Dr. Comfort LLC, Advance Diabetic Solution, Dr. Zen Products, Inc., Drew Shoe Corporation, and Orthofeet Inc. The detailed description of players includes parameters such as company overview, financial overview, business strategies, and recent developments of the company.
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This report segments the global diabetic shoes market as follows:
Global Diabetic Shoes Market: Distribution Channel Segment Analysis
Global Diabetic Shoes Market: End-Use Segment Analysis
Global Diabetic Shoes Market: Regional Segment Analysis
The Middle East and Africa