The most current market research report from Emergen Research, which focuses on the global Diabetic Socks Market, provides in-depth analysis of each of the market's major segments. The research on the global Diabetic Socks Market includes information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.
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 the 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 and improved accessibility and benefits offered by diabetic socks to patients over regular socks, and the introduction of innovative smart sock technology are factors driving market revenue growth.
Diabetes is becoming more prevalent all around the world. 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 the 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 ulcers affect 15% to 25% of diabetics over the course of their lifetime, and an open sore can become infected and cause problems. 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 solely diabetic socks, which is likely to increase demand for diabetic socks among such patients.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Diabetic Socks market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Diabetic Socks market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
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
Global Diabetic Socks Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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.
Market Overview:
The report bifurcates the Diabetic Socks market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- 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
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Key reasons to buy the Global Diabetic Socks Market report:
- The latest report comprehensively studies the global Diabetic Socks market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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