The global market for diabetic shoes is expected to reach a very big size by 2028 and have a high CAGR during the forecast period. An analysis of the industry shows that people with diabetes want diabetic or therapeutic shoes more and more. Changing market trends are driving an increase in the number of cases and awareness of this long-term disease. This is expected to help both industry and market growth over the next few years.
Most people in the world have either Type 1 or Type 2 diabetes. High levels of sugar can cause nerve damage, a loss of feeling, and numbness in the feet. If you have diabetes, you need to take good care of your feet to avoid problems with your feet. As a result of this high rate, doctors and other medical professionals recommend diabetic shoes to their patients. Online stores also try to get their users to choose these shoes over regular shoes because they are more effective.
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The shoe business is the most important part of the diabetic footwear industry, since diabetic shoes are more comfortable for people with diabetes than slippers and sandals. The fact that there are many different kinds of diabetic care products on the market, like insulin pens, insulin pumps, ketone test strips, and so on, is also helping diabetic shoes sell more. Major players in diabetic shoes are focusing more and more on making the online buying experience better. They do this in a number of ways, such as by providing effective online education to encourage diabetic patients to buy diabetic shoes through online platforms. Key players making good shoes for diabetics and more people getting online are making it easier for people to buy diabetic shoes and other diabetic products online. Also, more and more doctors are telling their patients to wear specially made shoes that can help lower health risks and improve circulation. This is also helping the diabetic footwear market grow.
Asia-Pacific is the biggest part of the global diabetic footwear market by region. According to the National Center for Biotechnology Information, about 277 million people with diabetes will live in this area in 2020, and more than 95% of them will have Type 2 diabetes. In terms of revenue, the region’s share of the market was 39.7% of the whole market in 2021. Because of how many people have diabetes, how much it costs to treat diabetes, and how many older people there are, India was the most populous country in the world. One-third of the world’s people live in China and India. The International Diabetes Federation has called India “The Diabetes Capital of the World” (IDF). Demand for shoes for diabetics has gone up in the Asia-Pacific region because the number of diabetics has gone up.
Europe is the largest region in terms of value in the global diabetic footwear market. North America is the second largest region. In the area, the government has taken a number of steps to make people more aware of what causes diabetes. For example, the American Diabetes Association is spread all over the U.S. to make people more aware of diabetes and how to prevent and treat it. Also, has decided that November will be National Diabetes Month every year starting in 2006. The market for diabetic shoes is expected to grow at a fast rate because new brands are coming out. The growth of the global diabetic footwear market is likely to benefit from the rising popularity of online shopping. In North America and Europe, where there are a lot of older people, the number of diabetic cases has gone up. According to the Population Reference Bureau, a private non-profit organisation that collects and provides statistics for research, Statistics Canada, and the EU, there were 51 million older people in North America in 2018, while there were 94 million in Europe. Over the next few years, the growth of the market in North America is likely to be driven by the factors listed above.