The diabetic footwear market is estimated to be valued at USD 8.92 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. The global diabetic footwear market has been witnessing significant growth over the past few years, driven by the rising global prevalence of diabetes. Diabetes-related foot complications are a major healthcare concern as unhealthy footwear can increase pressure points and risk of foot ulcers and amputations. Adoption of specially designed therapeutic shoes has increased among diabetes patients to effectively manage their footwear needs. These shoes are often prescribed by podiatrists to reduce pressure and trauma on feet. Advancements in materials and technologies have enabled manufacturers to offer customized, high-performance diabetic shoes for improving comfort levels and gait. Various awareness initiatives by health organizations regarding the importance of proper footwear and foot care are further boosting demand.
Market Dynamics:
The global diabetic footwear market is expected to register lucrative growth over the forecast period owing to rising factors such as growing geriatric population, increasing obesity rates, and diabetes management initiatives worldwide. According to recent studies, around 463 million adults are suffering from diabetes globally, and this number is projected to surpass 700 million by 2045. Favorable reimbursement policies for therapeutic shoes in developed countries are also propelling the market growth. However, higher costs compared to regular shoes along with lack of awareness in low-income nations remains key challenges. Nevertheless, market players are coming up with affordable product options to tap opportunities in developing markets. Ongoing research for advanced textile materials and foot scanner technologies offer new prospects for industry participants.
Key Features of the Study:
Detailed Segmentation-
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* Browse 25 market data tables* and 20 figures* on “Global Diabetic Footwear Market” - Global forecast to 2031.
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