PUBLISHER: Value Market Research | PRODUCT CODE: 1342829
PUBLISHER: Value Market Research | PRODUCT CODE: 1342829
The global demand for Diabetic Socks Market is presumed to reach the market size of nearly USD 656.44 MN by 2030 from USD 338.97 MN in 2022 with a CAGR of 7.62% under the study period 2022 - 2030.
Diabetic socks are specially designed for people suffering from diabetic neuropathy to keep their feet dry, eliminate foot injury, and improve blood circulation. They are becoming an essential part of footwear used for diabetes management due to the possibility of damage to the nervous and circulatory system caused by abnormally high sugar levels in the blood. A diabetic patient must care for his feet as any blisters, cuts, or cracks can lead to foot ulcers. Diabetes causes poor blood circulation, making it difficult for wounds to heal. Diabetic socks keep infections and foot ulcers under control. They also help toes, feet, and legs to avoid infections, preventing amputation. Diabetic socks are made from acrylic, merino wool, and bamboo fibres.
The increasing number of people suffering from diabetic neuropathy worldwide is the driving factor for the diabetic socks market growth. Furthermore, advancements in technology and innovations in the healthcare sector and textiles industry are improving the features of diabetic socks, leading to abundant market growth opportunities. Diabetic socks are costly, which hampers the growth of the diabetic socks market. In addition, many people are unaware of the existence of diabetics' socks, a limitation faced by the diabetics of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of diabetic socks. The growth and trends of diabetic socks industry provide a holistic approach to this study.
This section of the diabetic socks market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Diabetic Socks market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the diabetic socks market include BSN Medical, SIGVARIS, SIMCAN, 3M, Syounaa, HangZhou Aidu Trading Co. Ltd., Soyad Brothers LLC., DJO LLC, PediFix Inc., Cupron, Thorlo Inc., Reflexa. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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