Wilmington, Delaware, United States, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - An increased risk of foot ulcers is a key underpinning of the expanding market prospects of diabetic socks for men. A deep-dive research study on the diabetic socks market observed that diabetic socks for women are preferably made from soft fabric notably wool and bamboo. Furthermore, best diabetic socks increase blood circulation and also reduce potential risks of foot injury. The global diabetic socks market is projected to expand at CAGR of 5.9% from 2022 to 2031.
Smart diabetes management are focusing on smart diabetes management products including specialized diabetes care footwear, thus boosting the diabetic socks market prospects. Some of the best diabetic socks feature lightweight diabetic socks made from cotton due to remarkable moisture-absorbing characteristics. The TMR study authors found that wool diabetic socks and lightweight diabetic socks are expected to gather traction among consumers in the coming years.
Growing awareness of the home monitoring devices has helped in the early diagnosis of diabetes. The focus on expansion of distribution channels is boosting the scope of the commercialization of products in the diabetic socks market.
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Key Findings of Diabetic Socks Market Study
- Use of Specialist Footwear in Smart Diabetes Management Propelling Demand: Rise in demand for specialized footwear in diabetes management underpins substantial demand for diabetic socks among the diabetic population worldwide. Of note, the cotton segment is anticipated to advance at the highest CAGR during the forecast period of 2022 to 2031. Indeed, the study found that of all materials, the segment held a major market share in 2021. In the coming years, attractive product attributes will fuel the popularity of cotton diabetic socks.
- Rise in Prevalence of Diabetes Spurring Demand for Compression Socks: Growing prevalence of diabetic neuropathy has spurred the demand for compression socks that are capable of providing long-term relief to the patient population. Manufacturers are geared toward unveiling variety of designs in diabetic compression socks in order to tap into the enormous demand.
Diabetic Socks Market: Key Drivers
- Increasing awareness of the prevalence of diabetes notably in low- and middle-income countries in recent years is a key driver of the diabetic socks market. Diabetes has become public health concern worldwide.
- Rising awareness has steered the market prospect of cost-effective smart diabetes management products. Demand for specialized footwear to prevent complications of diabetes has accelerated the growth prospects of the diabetic socks market.
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Diabetic Socks Market: Regional Growth Dynamics
- North America held a key share of the global diabetic socks market in 2021, and is forecast to advance at an attractive CAGR during the period of 2022-2031. In the next few years, the demand for diabetes socks is expected to rapidly grow steadily, pivoting on the adoption of smart diabetes management product among the target population.
- Asia Pacific accounted for a major share of the global diabetic socks market in 2021. Rising prevalence and burden of diabetes coupled with the rising disposable incomes of people in emerging economies are bolstering the growth prospects of the regional market.
Diabetic Socks Market: Competition Landscape
Some of the key players in the diabetic socks market are Scholl’s Wellness Co., Cresswell Sock Mills, Cupron, Inc., Thorlo Inc., Intersocks S.R.L, Simcan Enterprises Inc., Sigvaris Group, Therafirm, and BSN Medical GmbH.
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Diabetic Socks Market Segmentation
- Type
- Ankle-length
- Mid-calf/crew Length
- Over-the-calf/knee-high Length
- Material
- Polyester
- Cotton
- Nylon
- Spandex
- Others (Bamboo, Wool, etc.)
- Pricing
- High
- Medium
- Low
- End-user
- Male
- Female
- Unisex
- Distribution Channel
- Online
- Company Website
- E-commerce Website
- Offline
- Mega Retail Stores
- Specialty Stores
- Others (Individual Stores, Departmental Stores, etc.)
- Online
Region Covered
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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