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Diabetic Footwear Market is estimated to reach $8,148 million by 2023: Experts Report

The diabetic footwear market size was valued at $4,994 million in 2016 and is estimated to reach $8,148 million by 2023, registering a CAGR of 7.6% from 2017 to 2023. In 2017, the number of women diabetic footwear market share and specialty stores segments shares dominated the global market share.

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North America is the market leader and accounts for 40% share of the global market in 2017, followed by Europe. North America is anticipated to dominate the market throughout the analysis period, due to the increasing diabetic population, more awareness regarding diabetic shoes and easy availability of these shoes.

In addition, Asia-Pacific is estimated to grow at the highest CAGR of 8.6% during the forecast period. The Diabetic footwear market is witnessing growth in the developing countries of Asia-Pacific due to the rising diabetic population, increase in disposable income and growing awareness about the diabetic footwear. The countries such as Japan and China are contributing more in the diabetic footwear market due to the high old age population which is high-risk diabetic population. For instance, about 26% of Japans population is 60 years and above, and are more prone to diabetes. Therefore, companies have started investing in the diabetic footwear market.

Key Findings of the Diabetic Footwear Market:

•North America leads the global diabetic footwear market, followed by the European region.

•Asia-Pacific is growing with the highest CAGR of 8.6%, with the major share contributed by India and China.

•The women end-user segment accounted for the highest market share with nearly 65% in 2016; however, the men end-user segment is anticipated to witness highest demand during the forecast period.

•The online platform for diabetic footwear is expected to show better growth rate as compared to specialty stores and footwear stores.

•The shoe footwear type segment possesses higher market share and is expected to witness a considerable growth during the forecast period.

Key Players:

•Aetrex Industries, Inc. (U.S.)
•New Balance Atheltics, Inc. (U.S.)
•Orthofeet, Inc. (U.S.)
•DJO Global, Inc. (U.S.)
•Drew Shoe Corporation (U.S.)
•Podartis Srl (Italy)
•Propet USA, Inc. (U.S.)
•Hush Puppies Retail, Inc. (U.S.)
•Skechers U.S.A., Inc. (U.S.)
•Dr. Zen Products, Inc. ( ...

News Release: Diabetic Footwear Market is estimated to reach $8,148 million by 2023: Experts Report
Submitted on: November 30, 2017 12:09:02 PM
Submitted by: Sharad Singh
On behalf of: