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.
The Global Diabetic Socks market drivers and restraints Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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
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Some 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 Asia Pacific market accounted for a significant revenue share in 2021. The diabetic socks market is growing in this region, particularly in India, Japan, and China, owing to rising prevalence of diabetes among population, especially growing elderly population and increasing textile imports and exports for hosiery products including diabetic socks for provision of diabetic socks, especially in China and India, which have resulted in continued growth of this industry. For instance, according to International markets for Hosiery, global commerce in hosiery, which includes socks, pantyhose, tights, compression hosiery, and stockings, is anticipated to increase in 2021. Particularly in case of hosiery, extra taxes on the U.S. imports from China are probably going to cause some Chinese production to move to Asia's lower-cost nations, such as Bangladesh, India, Indonesia, Pakistan, and Vietnam, hence driving revenue growth of the market in this region.
- Some major companies in the global market report 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.
- On February 25, 2021, Siren, a health technology business that was a pioneer in the creation of microsensor-embedded textiles for medical uses, announced that Siren Staffing, a Remote Patient Monitoring (RPM) program, would be added to its line of siren diabetic socks. These socks were created to assist people with diabetes in better managing their foot health by continuously monitoring foot temperature. It is advised to use temperature monitoring as a strategy to identify and prevent Diabetic Foot Ulcers (DFUs) because it has been clinically proven to be a significant physiologic marker of injury.
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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)
- Bamboo
- Copper
- Wool
- Acrylic
- Others
- Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- E-Commerce
- Retail Stores
- Hospital Pharmacies
- Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
Key Coverage of the Report:
- Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
- Market segmentation by deployment type, authentication type, component, organization size, industry vertical
- Regional and country-wise market size estimation for the forecast period (2019-2028)
- Pricing strategies of the regional market players
- Demand supply gap analysis
- Competitive landscape analysis
- Market share analysis of the top market players
- Strategic recommendations for new market entrants
- Company profiling of the leading market players
- Brief summary of the key strategies, financial positions, and recent developments of the leading companies
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