According to FutureWise analysis the market for diabetic shoes in 2023 is US$ 8.6 billion, and is expected to reach US$ 14.36 billion by 2031 at a CAGR of 6.6%.
A diabetic shoe is a special type of footwear designed to protect the feet of diabetics and reduce the likelihood of skin breakdown caused by loss of circulation, neuropathy, and foot deformities. Diabetic footwear comes with features like non-binding uppers, stretchable uppers, orthotic support, extra-deep design for a pressure-free fit, deep toe box, and functional soles. The diabetic shoe is biomechanically engineered and often used by athletes and people suffering from foot deformities caused by diabetes. A variety of diabetic footwear with unique elements such as raw material and comfort are becoming increasingly popular among diabetic patients around the world, since they reduce the risk of skin damage in diabetic patients with pre-existing diet problems. Over the forecast period, major market players are expected to increase their innovation and development activities to offer personalized and attractive diabetic shoes to satisfy the latest fashion trends from the female population, which is expected to drive the global diabetic shoes market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Diabetic Shoes Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Diabetic Shoes Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.