MARKET INTRODUCTION
Diabetes is a health issue related to high blood sugar levels. This health condition can cause diabetic neuropathy when not taken care of. Diabetic neuropathy can cause severe damage to the nerves of the legs and can induce numbness in the feet. A person with diabetic neuropathy is prone to injuries caused by soles of footwear. Therefore, to prevent such injuries, diabetic socks are used. Moreover, they keep the feet dry, enhance blood circulation, and prevent the feet from fungal infections, wounds, and foot ulcers.
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MARKET DYNAMICSThe rising number of people with diabetes across the world is projected to propel product demand. Moreover, rising concerns about diabetic neuropathy and its harmful effects is the factor driving the market growth. Increasing adoption of diabetic socks amongst diabetic patients to keep their feet healthy and free from wounds, infections, and injuries is expected to accelerate the product demand across the globe. Besides, manufacturers are launching technologically advanced products such as smart diabetic socks that can scan the lower portion of the feet and legs and measure the intensity of the damage caused. Such advancements are increasing the popularity of diabetic socks and creating high growth opportunities.
MARKET SCOPE
The "Global Diabetic Socks Market Analysis to 2027" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the diabetic socks market with detailed market segmentation by material, product type, and distribution channel. The global diabetic socks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading diabetic socks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global diabetic socks market is segmented into material, product type, and distribution channel. By material, the diabetic socks market is classified into Cotton, Polyester, Spandex, Lycra, Nylon, and Others. By product type, the diabetic socks market is classified into Knee Length, Ankle Length, and Calf Length. By distribution channel, the diabetic socks market is classified into Pharmacy & Drug Store, Hypermarket and Retail Chains, Online Retail, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global diabetic socks market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The diabetic socks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the diabetic socks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the diabetic socks market in these regions.
MARKET PLAYERS
The report covers vital developments in the diabetic socks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the diabetic socks market are anticipated to lucrative growth opportunities in the future with the rising demand for diabetic socks in the global market. Below mentioned is the list of few companies engaged in the diabetic socks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the diabetic socks market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- 3M
- BSN Medical
- SIMCAN
- PediFix Inc.
- Syounaa
- HangZhou Aidu Trading Co., Ltd.
- DJO, LLC
- SIGVARIS
- Thorlo Inc.
- Reflexa
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.