Diabetic socks are specifically designed for patients suffering from diabetes to keep their feet dry, restrict& prevent rubbing, and improve blood circulation in the leg and foot. Diabetic socks aidin preventing bacterial and fungal infection in the feet and maintain circulation of the blood in the feet and lower leg region.
The key factors that drive the growth of the global diabetic socks market include growth in expenditure on diabetic care products, increase in disposable income, and continuous product innovation. Moreover, rise in popularity of diabetic socks and availability of diabetic socks on online channels have provided impetus to the market. However, high cost of socks is expected to impede the market growth. On the contrary, novel innovations in aesthetics and introduction of sensors in diabetic socks to gain huge traction in the coming years are anticipated to create lucrative opportunities for the market expansion in the upcoming years.
The global diabetic socks market is segmented into type, sales channel, and region. Depending on type, the global diabetic socks market is fragmented into ankle length, calf length, and knee length. On the basis of sales channel, it is categorized into offline channels and online channels. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Some of the key players in the diabetic socks market analysis includeColfax Corporation, I-Runner, Orthofeet Inc., European Lingerie Group, Drew Shoe, Creswell Sock Mills, Pantherella International Group, Nishikaa Garments International LLP, Simcan Enterprises Inc., and Drew Shoe.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Sales Channel
By Region
Key Market Players
The key factors that drive the growth of the global diabetic socks market include growth in expenditure on diabetic care products, increase in disposable income, and continuous product innovation. Moreover, rise in popularity of diabetic socks and availability of diabetic socks on online channels have provided impetus to the market. However, high cost of socks is expected to impede the market growth. On the contrary, novel innovations in aesthetics and introduction of sensors in diabetic socks to gain huge traction in the coming years are anticipated to create lucrative opportunities for the market expansion in the upcoming years.
The global diabetic socks market is segmented into type, sales channel, and region. Depending on type, the global diabetic socks market is fragmented into ankle length, calf length, and knee length. On the basis of sales channel, it is categorized into offline channels and online channels. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Some of the key players in the diabetic socks market analysis includeColfax Corporation, I-Runner, Orthofeet Inc., European Lingerie Group, Drew Shoe, Creswell Sock Mills, Pantherella International Group, Nishikaa Garments International LLP, Simcan Enterprises Inc., and Drew Shoe.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global diabetic socks market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Type
- Ankle Length
- Calf Length
- Knee Length
By Sales Channel
- Offline Channel
- Online Channel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Egypt
- Russia
- UK
- Rest of Europe
- Asia-pacific
- China
- India
- Japan
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Colfax Corporation
- I-Runner
- Orthofeet Inc.
- European Lingerie Group
- Drew Shoe
- Creswell Sock Mills
- Pantherella International Group
- Nishikaa Garments International LLP
- Simcan Enterprises Inc.
- Drew Shoe
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL DIABETIC SOCKS MARKET, BY TYPE
CHAPTER 5: GLOBAL DIABETIC SOCKS MARKET, BY SALES CHANNEL
CHAPTER 6: DIABETIC SOCKS MARKET, BY REGION
CHAPTER 7: COMPETITION LANDSCAPE
CHAPTER 8: COMPANY PROFILE
Executive Summary
According to the report titled 'Diabetic Socks Market by Type and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global diabetic socks market size was $292.5 million in 2018, and is projected to reach $435.4 million by 2026, registering a CAGR of 5.4% from 2019 to 2026.For people diagnosed with diabetes, cost-effective interventions such blood glucose control, physical activity medication, and control of lipid intake &blood pressure to reduce cardiovascular risks remain the top priorities for diabetes management. Along with preventive measurements, corrective measurements such as use of diabetic socks &and diabetic shoes and continuous monitoring of blood sugar aid to maintain proper blood flow.
Diabetic socks are specially designed socks, which reduce pressure in the foot calf and leg. These socks aid in prevention of blistering on the surface of skin. In addition, diabetic socks curtail moisture accumulation. Diabetic socks are seamless and non-elasticto prevent constriction due to swelling of feet. Furthermore, the seamless design minimizes friction, pain, and neurological discomfort.Anti-microbial property is an important feature of diabetic socks, which aids in prevention of bacterial as well as fungal growth in moisture-prone feet. Material such as bamboo, wool, and charcoal have natural anti-microbial properties, which are extensively used in diabetic socks. In addition, leading players in the diabetic socks industry are now introducing silver or copper threading, which actively combat fungi and bacteria, thus preventing infection and foul odor in feet.
Calf length and knee length diabetic socks are most beneficial for individuals having blood circulation issues. In addition, sport diabetic socks are available in ankle length and crew heights offering all the standards and benefits of a diabetic sock. Unlike the skin tone or plain white compression socks, diabetic socks are available in plethora of designs and colors to match with outfits. Furthermore, Merry Jane style and low-cut socks are available in the market to suit specific requirements. Easy availability of the socks in different varieties and styles is expected to augment the diabetic socks market growth.
According to Shankar Bhandalkar, Team Lead-Research, Consumer Goods, “Increase in expenditure on healthcare along with rise in popularity of diabetic socks among individuals suffering from diabetes is expected to create remunerative opportunities in the upcoming years. Furthermore, introduction of smart diabetic socks is anticipated to augment the market growth during the forecast period.
The global diabetic socks market is segmented into type, sales channel, and region. Ob the basis of type, the global diabetic socks market is segregated into across ankle length, calf length, and knee length. By sales channel, it is fragmented into offline channels and online channels. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
KEY FINDINGS OF THE STUDY
- Calf length diabetic socks was the highest contributor to the global diabetic socks market demand, with $153.4 million in 2018, and is estimated to reach $236.4million by 2026, at a CAGR of 5.7% during the forecast period.
- By sales channel, the offline segment accounted for about 88% of the global diabetic socks market share in 2018, and is expected to grow at the CAGR of 5.1%.
- The online sales channel is expected to gain wide traction in the upcoming years, owing to venturing of leading market players in the omni-channel distribution channel.
- North America leads in terms of share, and is expected to retain its dominance during the forecast period.
- Asia-Pacific region is anticipated to grow with robust CAGR of 5.9% during the forecast period.
Some of the key players profiled in the diabetic socks market analysis include Colfax Corporation, I-Runner, Orthofeet Inc., European Lingerie Group, Drew Shoe, Creswell Sock Mills, Pantherella International Group, Nishikaa Garments International LLP, Simcan Enterprises Inc., and Drew Shoe.
Companies Mentioned
- Colfax Corporation
- I-Runner
- Orthofeet Inc.
- European Lingerie Group
- Drew Shoe
- Creswell Sock Mills
- Pantherella International Group
- Nishikaa Garments International LLP
- Simcan Enterprises Inc.
- Drew Shoe.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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