The Infinium Global Research analyzes the “Diabetic Socks Market (Product Type - Ankle Length Diabetic Socks, Mid-calf Length Diabetic Socks, and Over the Knee-high Length Diabetic Socks; Material - Cotton, Polyester, Nylon, and Other Materials; Distribution Channel - Retail Stores, Pharmacies and Clinics, Specialty Stores, and Large-format Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025”. The global diabetic socks market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
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Diabetic Socks Market: Insights
Diabetic socks are designed for diabetes patients to prevent the chances of blistering. These socks prevent blistering on the skin surface, control moisture, and minimize moisture accumulation. It plays a vital role in the prevention of feet from injuries. Infinium Global Research has published a report on the diabetic socks market. The report provides in-depth information about the diabetic socks market which is expected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
Diabetic Socks Market: Drivers, Restraints, and Opportunities
The increasing prevalence of diabetic worldwide drives the growth of the diabetic socks market. As per the International Diabetic Federation, around 425 million adults were suffering from diabetes in 2016, which is projected to increase to 629 million by 2045. The growing number of health-conscious consumers contributes to the growth of the diabetic socks market. The rising awareness about complications associated with diabetes stimulates the demand for the diabetic socks market. The rising demand for non-invasive methodologies promotes the growth of the diabetic socks market. The growing awareness about self-care treatments regarding nail health, pediatric assessment, and supportive footwear boosts the growth of the diabetic socks market. Furthermore, the additional cushioning provided in the diabetic socks counteracts foot ulcers contributing to the growth of the diabetic socks market. On the flip side, the high costs of diabetic socks hinder the growth of the diabetic socks market. Moreover, technological innovations such as gel padding in diabetic socks, the introduction of smart socks with fiber optic sensors create several opportunities for the growth of the diabetic socks market.
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Diabetic Socks Market: Segmentation
The global diabetic socks market is segmented on the basis of product type, material, and distribution channel. The product type segment includes ankle length diabetic socks, mid-calf length diabetic socks, and over the knee-high length diabetic socks. The mid-calf length diabetic socks sub-segment is expected to dominate the product type segment of the diabetic socks market. Based on material, the diabetic socks market is divided into cotton, polyester, nylon, spandex, and other materials. The distribution channel segment includes retail stores, pharmacies and clinics, speciality stores, online stores, and large format stores.
Diabetic Socks Market: Regional Insights
Geographically, the global diabetic socks market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global diabetic socks market. The rising prevalence of diabetes in North America contributes to the growth of the diabetic socks market in North America. Europe is anticipated to grow in the global diabetic socks market with a healthy CAGR over the forecast period. Asia-Pacific region is growing in the global diabetic socks market.
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Diabetic Socks Market: Competitive Landscape
The key players in the global diabetic socks market are Cupron Inc., Thorlo, Inc., Siren Care Inc., Intersocks Srl, SIGVARIS GROUP, Therafirm, BSN Medical Ltd., Simcan Enterprises Inc., Creswell Sock Mills, 3M Company, and other companies. The leading companies are focusing on technological advancement in the healthcare industry as well as the textile industry to stimulate new product innovations in the diabetic socks market. Companies are adopting strategic mergers, acquisitions, and new product launches that maximize their market share in the global diabetic socks market.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the diabetic socks.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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