Diabetic Socks Market Projected to Grow at an Approximate CAGR of Over 5.5% From 2020 – 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, The rising number of diabetic neuropathy cases across the globe is one of the prominent factors fueling the growth of the market. Diabetes is a condition when nerves get damaged as a result of high blood sugar and it starts with loss of sensation in the feet and legs, which can further develop into foot ulcers.

Diabetic Socks Market Growth & Trends

The global diabetic socks market size is anticipated to reach USD 303.2 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2020 to 2027. The rising prevalence of diabetes worldwide is expected to fuel market growth. According to a report by the International Diabetic Federation, the number of diabetic cases is expected to increase by 25% from 463 million in 2019 to 578 million in 2030. Additionally, countries in South East Asia and the Middle East are expected to witness close to 74% and 96% increase, respectively, in the number of cases by 2045. Increasing cases of diabetes will complement the growth of the market in the coming years.

One of the market drivers is the growing need for non-invasive methodologies. Growing awareness of self-care treatments pertaining to supporting footwear, along with technical advances such as gel padding and the launch of smart socks with fiber-optic sensors, is presenting new growth opportunities for the market. For example, in June 2019, Protect iT, a Swiss brand, launched a therapeutic line and a comfort line of diabetic socks with padded layers to deliver protection to the sensitive and sore-prone areas of the feet for people with diabetes.

By product type, the calf-length socks segment held the largest share of 68.3% in 2019. The growth is attributed to an increase in recommendations by doctors and medical councilors of calf-length socks to diabetic neuropathy patients. These socks help to avoid infection in the feet and any potential damage to their circulatory and nervous systems caused by high blood sugar levels

Browse full report with Table of Content (PDF with All Related Graph and Chart)

 @: https://www.grandviewresearch.com/industry-analysis/diabetic-socks-market

E-commerce is expected to emerge as the fastest-growing channel in the coming years. Online searches for diabetic socks have increased steadily, particularly in the United States, Canada, the U.K., and Australia. This bodes well for manufacturers and brands planning to set up e-commerce sites to sell products wholesale or retail or is setting up shop with one of the top auction or on-line retail sites, such as eBay, uBid, and Bidz.com. These sites already generate a large amount of traffic, which increases product visibility, thereby enhancing sales of these products through online sales channels.

Diabetic Socks Market Report Highlights

In terms of product type, the calf-length segment held a 68.3% share of the overall revenue in 2019
Asia Pacific is expected to expand at the fastest CAGR of 5.9% from 2020 to 2027. Growing cases of diabetes are expected to drive the market in the region. China and India are among the top two countries witnessing the largest number of diabetic cases across the globe
By distribution channel, the hypermarket segment held the largest share in 2019 and is expected to retain its pole position throughout the forecast period. The increasing availability of a wide range of diabetic socks in these stores is one of the main reasons driving the segment
Companies with a strong brand image will build traction and new companies who leverage technology will continue to enjoy a greater portion of the marketplace.

For Requesting a Sample Copy of This Report, Please Visit @https://www.grandviewresearch.com/industry-analysis/diabetic-socks-market/request/rs1

Diabetic Socks Market Segmentation

Grand View Research has segmented the global diabetic socks market on the basis of product, distribution channel, and region:

Diabetic Socks Product Outlook (Revenue, USD Million, 2016 – 2027)

Ankle Length
Calf Length
Knee Length

Diabetic Socks Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

Hypermarkets
Pharmacy & Drug Stores
E-commerce
Others

Diabetic Socks Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America
The U.S.
Europe
Germany
The U.K.
France

Asia Pacific
China
India

Central & South America
Brazil

Middle East & Africa

List of Key Players of Diabetic Socks Market

BSN medical
SIGVARIS
SIMCAN
3M
Syounaa
HangZhou Aidu Trading Co., Ltd.
Soyad Brothers LLC.
DJO, LLC
PediFix Inc.
Cupron
Thorlo Inc.
Reflexa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450804/ibb

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/diabetic-socks-market