Diabetic Footwear Markets in North America and Europe, Forecast to 2031: A $7.44 Billion Opportunity with High Costs Hindering Further Growth

Dublin, May 20, 2024 (GLOBE NEWSWIRE) -- The "North America & Europe Diabetic Footwear Market" report has been added to ResearchAndMarkets.com's offering.

The North America & Europe Diabetic Footwear Market, valued at US$ 4.12 billion in 2022, is anticipated to reach US$ 7.44 billion by 2031, growing at a CAGR of 7.09%. The volume of the market stood at 82.38 million units in 2022, underscoring the significant demand for diabetic footwear in these regions.

The market's growth is primarily driven by the increasing prevalence of diabetes, necessitating specialized footwear to prevent foot-related complications. However, the high cost associated with diabetic footwear and foot ulcer treatment challenges market expansion.

Market Segmentation Analysis

The market is segmented into types such as shoes, slippers, sandals, and socks, with shoes leading in revenue generation. By end-user, women represent the largest segment, while men and kids also contribute significantly. The distribution channels are bifurcated into offline and online, with offline channels expected to surpass US$ 4.1 billion by 2031.

By Type

  • Slippers
  • Sandals
  • Shoes
  • Socks

By End-user

  • Men
  • Women
  • Kids

By Distribution Channel

  • Offline
  • Online

Regional Overview

North America leads the market holding over 55% share, followed by Europe. Within Europe, countries like the UK, Germany, France, Italy, and Spain are key contributors to the market.

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • Russia
    • Rest of Europe

Competitive Landscape

Key players include Aetrex Worldwide Inc., Apis Footwear Company, DARCO Medical India, and others, collectively holding nearly 40% market share. These companies significantly influence market dynamics through their product offerings and innovations. A selection of other companies mentioned in this report includes, but is not limited to:

  • Dr. Brinsley
  • Dr. Comfort
  • Drew Shoe
  • Hochste Healthcare Private Limited
  • Medical Expo
  • Sun Medical

Key Attributes

Report AttributeDetails
No. of Pages206
Forecast Period2022-2031
Estimated Market Value (USD) in 2022$4.12 Billion
Forecasted Market Value (USD) by 2031$7.44 Billion
Compound Annual Growth Rate7%

For more information about this report visit https://www.researchandmarkets.com/r/jjwyvf

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North American & European Diabetic Footwear Market

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