Diabetic Footwear Market Size, Share & Trends Analysis Report By Product (Slippers, Sandals, Shoes), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global diabetic footwear market size was valued at USD 5.78 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2019 to 2025. These specialty goods are capable of preventing foot injuries caused by frequent mobility and removable shoe insole and inserts. Furthermore, these products are known for their adjustability due to the presence of stretchable material in their composition.

Rising usage of specialty shoes among the obese population to relieve pain and to provide relief from flat foot pain. Moreover, an increase in life expectancy along with awareness regarding the prevention of risks associated with obesity such as cardiovascular disorders and diabetes is projected to have a positive impact on the product demand.

Diabetic footwear is mostly used by the elderly population. Growing concerns over the side effects associated with synthetic medicines are changing the preference for safer alternatives. Consumers prefer diabetic footwear and other healthy remedies to reduce the impact of pre-diabetic cells. Technological advancements and medical upgrades are anticipated to bode well for market growth in the forthcoming years.

This specialty footwear available in inserted sole, flexible inner sole, and hybrid forms. Through this, the consumers are able to use this product for other purposes including posture improvement, relief from lower body pain, and also as protection from minor injuries capable of harming a diabetic person. This factor is projected to drive the product demand in the near future.

Product Insights

Shoes segment led the diabetic footwear market, accounting for 35.3% of global share in 2018. The segment is expected to witness growth owing to its increase use among the office-going population in developed markets including the U.S. and Germany. Furthermore, additional protection from foot injuries that reduce the occurrence of fungal infections is expected to drive the scope of growth in the near future.

Slippers segment is expected to witness the fastest CAGR of 8.3% from 2019 to 2025. These products are projected to foresee growth owing to their increased use in daily life. Furthermore, the launch of new products made using advanced materials such as leather, cotton, polyesters, and nylon is expected to open new growth avenues for the segment.

Distribution Channel Insights

Offline channels are expected to reach USD 5.44 billion by 2025. Specialty stores and pharma outlets are expected to remain the key channels for customers to purchase diabetic footwear. Furthermore, urbanization and rising disposable income in emerging economies including China and India is expected to boost the spending on the establishment of new specialty outlets ensuring significant product supply along with other accessories.

Online segment is expected to hold 45% of global market share in terms of revenue by 2025, owing to increasing popularity of e-commerce portals as a means of product distribution to the buyers. Furthermore, the value-added services including, Cash-on-Delivery (COD), coupon benefits, and free home delivery by the e-commerce service providers such as Flipkart and Amazon is expected to boost the revenue share of the segment.

Regional Insights

North America generated a revenue of USD 1.97 billion in 2018. Rising concerns regarding adverse effects associated with diabetic disorders among working class population of the U.S. and Canada are projected to have a strong impact. In addition, availability of products with advanced, excellent feet comfort features is expected to remain a favorable factor in the near future.

Asia Pacific is expected to witness a significant CAGR of 8.2% from 2019 to 2025. Changing lifestyle and fluctuating diet patterns among the middle-class population in emerging economies including China and India as a result of hectic work style is projected to drive awareness among consumers regarding the risk of obesity and related disorders. As a result, diabetic footwear is expected to find new growth avenues in the near future.

The Middle East and Africa is expected to reach more than USD 400 million by the end of 2025. Improvement in economic indicators of developing African countries such as Nigeria, Ethiopia, and Kenya as a result of urbanization and supportive government policies for infrastructure improvement on a domestic level is expected to force the footwear manufacturers to establish their strategic business units in vicinity over the next eight years.

Key Companies & Market Share Insights

Market leaders are expanding their geographical existence to get concentrated market share. Formation of strategies and collaborating with buyers to build new products is projected to remain a critical success factor over the next few years. Taking into account all these factors, manufacturers are likely to focus on product innovation. In January 2018, Sensoria and mobile garments manufacturer, Optima Molliter signed an agreement for the development of smart footwear products. These footwear are capable of measuring the compliance of diabetes patients’ to prescribed mechanical offloading protocols. Some of the prominent players in the diabetic footwear market include:

• Podartis Srl

• Aetrex Worldwide

• DJO Global Inc.

• Dr. Zen Products, Inc.

• Orthofeet Inc

Diabetic Footwear Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global diabetic footwear market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Slippers

  • Sandals

  • Shoes

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline

  • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • India

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

    • U.A.E.

    • Saudi Arabia