New York, NY, Aug. 27, 2018 (GLOBE NEWSWIRE) -- 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.
Browse through 37 Tables & 15 Figures spread over 110 Pages and in-depth TOC on “Global Diabetic Shoes Market: Industry Size, Share, Trends, Growth, Analysis and Forecast, 2017 – 2024”.
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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.
The Asia Pacific is expected to be the most promising region during the forecast period. This growth is attributed towards the facts such as huge demographic population, and rising prevalence of diabetes coupled with growing expenditure on treatment. Moreover, China and India are home to 1/3rd world population and India is called as “The Diabetes Capital of the World”. For instance, according to the National Cancer for Biotechnology Information, approximately 150 million people suffered from diabetes with over 95% type-2 diabetes in the Asia Pacific region. However, rising net income has resulted in the huge demand for diabetic shoes in this region.
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North America is the second largest region in the global diabetic shoes market. A government initiative to raise the awareness on causes of diabetes among the population has driven the overall market in this region. For instance, the American Diabetes Association has reached all over the U.S. to raise awareness of diabetes, its precaution, and treatment among the public. Additionally, the National Institute of Diabetes has decided to follow November as National Diabetes Month every year. Thus, such movements will have a positive impact and in turn, the diabetic shoes market will gain significant market share during the forecast period.
Europe is also expected to show substantial growth within the forecast period. As per the World Health Organization, around 60 million people suffered from diabetes in the European region, as well as about 10.3% men and 9.6% women aged 25 years and over suffer from diabetes. The prevalence of diabetes has increased due to the unhealthy lifestyle, obesity, and physical inactivity in this region. Therefore, chances to gain more share value is high in this region. Latin America and the Middle East & Africa is poised to be the major growth factors for the diabetic shoes market during the forecast period.
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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
- Online
- Offline
Global Diabetic Shoes Market: End-Use Segment Analysis
- Men
- Women
- Children
Global Diabetic Shoes Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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