Diabetic Socks Market 2022
New Study Reports “Diabetic Socks Market 2022 Global Opportunities, Strategies, Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2025” has been Added on PMR.
Report Overview
The analysis includes forecasted Diabetic Socks Market valuation and growth rate, as per the researchers’ review. This Diabetic Socks Market Review provides a summary of current market dynamics, barriers, drivers, and metrics as well as a perspective for important segments. Business growth in different industries, too, is anticipated. The nature of the research also demands comprehensive segmental analysis. The worldwide Diabetic Socks Market also provides a regional overview spanning North America, Latin America, Asia-Pacific Europe, and the Middle East & Africa, with the sector’s detailed country-level measurements. The report also provides a thorough description of the business strategies used by the major players as well as new entrants.
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According to the latest market report published by Persistence Market Research titled ‘Diabetic Socks Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,’ the global diabetic socks market is expected to expand at a CAGR of approximately 4.8% during the forecast period 2017-2025.
- BSN Medical
- Therafirm
- SIGVARIS
- SIMCAN ENTERPRISES INC.
- 3M
- Veba Inc.
- Siren Care
- Intersocks S.R.L.
- THORLO, Inc
- Cupron
- Creswell Sock Mills
- Others.
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Global Diabetic Socks Market: Factors Impacting the Market
The primary factors driving the growth of the global diabetic socks market are increasing prevalence of diabetic neuropathy, government focus on creating awareness on diabetes cure, increasing global healthcare spending, rising demand for diabetic socks due to the increase in the prevalence of diabetes across the globe, and changes in lifestyle that increase the probability of genomic mutations. However, higher costs associated with diabetic socks and lack of awareness among people are some of the factors that will restrict revenue growth of the diabetic socks market over the forecast period.
Global Diabetic Socks Market: Segmental Forecast
The market is segmented based on product type, material type, distribution channel and region. On the basis of product type the market has been segmented into regular socks and smart socks. By product type, the regular socks segment is expected to remain the largest segment, registering a CAGR of above 4% in terms of value during the forecast period. The regular socks product type segment is expected to reach a market value of US$ 192.8 Mn by 2025 end.
On the basis of material type, the diabetic socks market has been segmented as polyester, cotton, nylon, spandex, lycra and others. The others segment is expected to remain the largest segment, registering a CAGR of above 5% in terms of value over the forecast period. The others material type segment is expected to reach a market value of US$ 96.5 Mn by 2025 end.
On the basis of distribution channel, the global diabetic socks market has been segmented as retail stores, online stores, modern trade, pharmacies, clinics and other healthcare facilities. By distribution channel, the online stores segment is expected to remain the largest segment, registering a CAGR of above 6% in terms of value over the forecast period. The online stores segment is expected to reach a market value of US$ 61.1 Mn by 2025 end.
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On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is estimated to dominate the global diabetic socks market with maximum value share of the overall market recorded in 2016. The North America diabetic socks market is expected to register a CAGR of more than 4% over the forecast period to reach a market value of US$ 60.7 Mn by 2025 end.
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