The Global Diabetic Socks Market was $118.4 Mn in 2020, and it is expected to reach $198.7 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 5.3% between 2020-2030. Diabetes is the chronic disease that arises when the body does not effectively utilize the produced insulin, or the pancreas fails to produce insulin. From the past few decades, the number of people who have diabetes is increasing majorly in both developed and developing regions. Such a significant number of patients are the driver of the growth of the market. The Diabetic Socks market focus on modern technology by which it can detect the disease and improve the treatment. Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, moving forward, the robust demand for Global Diabetic Socks Market in the educational department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Diabetic socks is a new concept penetrating the market at the commendable rate. These diabetic socks range from USD 5 to USD 20 per pair. These socks are not so much commercially advertised therefore most of the diabetic patients across the world are unaware of the usage and benefits pf these diabetic socks. But with the doctor’s recommendation and newly opened local companies these socks are getting popular in developed regions. The price of these stocks are expected to decrease during the forecast period and companies are expected to increase their bases in developing regions too.
Global Diabetic Socks Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Diabetic Socks market is segmented as a product, material, and distribution channel. By product, the global Diabetic Socks market is divided into Introduction, Ankle length diabetic socks, Mid-Calf/Crew length diabetic socks, and Over the calf/Knee high length diabetic socks. By material, the Diabetic Socks market is bifurcated as Introduction, Polyester, Cotton, Nylon, Spandex, and Others. By distribution channel, the global Diabetic Socks market has been segmented as Online, Offline, Large Format Stores, Specialty Store, Small Retail Stores, and Pharmacies and Clinics.
By Region, North America is Holding the Major Market Share
The global Diabetic Socks Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. A massive amount of the patient, increasing income of per capital, advanced technology, modern laboratory equipment is driving the growth of the Diabetic Socks market in this region. However, Asia Pacific is expected to grow at the high CAGR in the upcoming forecast period of 2020-2030.
Major Players in Global Diabetic Socks Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include BSN Medical, Therafirm, Sigvaris, Simcan Enterprises Inc., Siren, Intersocks S.R.L, Thorlo Inc., Cupron, Cresswell Socks Mill, Dr. Scholls, Colfax Corporation, I-Runner, Orthofeet Inc., Pantherella, international Group, Nishikaa Garments International LLP, and Simcan Enterprises Inc. among others.
Global Diabetic Socks Market Has Been Segmented into:
Global Diabetic Socks Market: By Product
Global Diabetic Socks Market: By Material
Global Diabetic Socks Market: By Distribution Channel
Global Diabetic Socks Market: By Region