The global diabetic socks market size was USD 344.80 Million in 2021 and is expected to register a revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of diabetics and related complications such as Diabetic Food Ulcer (DFC) and diabetic neuropathy, growing consumer demand for better & improved accessibility and benefits offered by diabetic socks to patients over regular socks, and introduction of innovative smart sock technology are factors driving market revenue growth.
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Diabetes is becoming more prevalent all around the world. According to International Diabetes Foundation, 537 million people (20-79 years old) will have diabetes by 2021, with 1.5 million new cases of diagnosed each year in the U.S. Diabetes can cause a number of health issues, including retinopathy, brain or heart disease, neuropathy (nerve system abnormalities), and Diabetic Foot Ulcers (DFU), among others. One of the most common and early concerns, however, is rise in skin problems in diabetic patients.
The feet of most diabetics become a particularly sensitive area, making diabetes-related foot ulcers a common problem that requires careful observation and medical management, due to delayed healing and reduced immunity. According to research, foot ulcer affects 15% to 25% of diabetics over the course of their lifetime and an open sore can become infected and cause problems, while in 85% of diabetes-related limb amputation cases, ulceration occurred first.
Therefore, patients suffering from diabetes who have foot problems, such as diabetic foot ulcers, changes in foot color or temperature, irritation, nerve damage, blisters, fungal infections, frequently damp or moist feet, and decreased pedal pulse, would benefit from wearing solely diabetic socks, which is likely to increase demand for diabetic socks among such patients.
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People with diabetes can wear socks that are specifically made for them. To prevent problems with diabetes and diabetic neuropathy, proper foot care is essential, which includes selecting appropriate socks. People who have diabetes can protect their feet from pressure and help prevent ulcers by wearing diabetic socks, as these socks also help in preventing blisters and ulcers by cushioning the foot and reducing friction. As a result of rising customer desire for diabetic socks and their ability to immediately address foot issues associated, diabetic socks are designed with various features driving market revenue growth. These socks include padding in addition to a variety of stitch designs, yarns, and fabrics to safeguard delicate feet.
The Global Diabetic Socks Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key participants include Apex Foot Health Industries, SIGVARIS, Siren, HangZhou Aidu Trading Co., Ltd., Soyad Brothers LLC., DJO, LLC, PediFix Inc., Cupron, Thorlo Inc., Reflexa, and BSN Medical.
Key Highlights from the Report
The copper segment accounted for a moderate revenue share in 2021. Copper-infused socks also stop an athlete’s foot from spreading when worn again and these socks prevent odor. Within hours of contact, copper’s antimicrobial properties successfully eliminate bacteria, viruses, and fungi that cause skin diseases or offensive odors and copper-impregnated fabric also aids in growth of new skin cells, which speeds up wound healing and offers protection from pathogens.
Compression socks and accessories with copper infusion can aid with blood flow and foot health, making it simpler to manage or prevent diabetes-related issues. Copper ions are molecularly inserted into the yarn of sock, where they will stay for by using modern technology. These are major factors driving revenue growth of this segment.
The retail stores segment accounted for a significant revenue share in 2021. This is attributed to offline stores facilitating a variety of options of hair care products promoting both branded and private labelled products. Retail establishments give customers right to make decision by allowing them to select from a variety of brands. Customers can also interact with owners and employees of retail establishments about various products to gain pertinent information.
Retail store owners and employees may help customers make the best decision, which might be more convenient for them if they prefer an efficient purchasing procedure to browsing online. Retail establishments enhance customer happiness and facilitate smarter purchasing decisions by enabling a comprehensive shift in the consumer’s shopping journey.
The global Diabetic Socks market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Diabetic Socks market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Diabetic Socks market.
Emergen Research has segmented the global diabetic socks market based on material type, distribution channel, and region:
Material Type Outlook (Revenue, USD Million; 2019-2030)
Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Diabetic Socks Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
Key Benefits of Buying the Global Diabetic Socks Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Diabetic Socks Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Diabetic Socks Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Diabetic Socks Market
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