The North America & Europe Diabetic Footwear Market, valued at US$ 4.12 Bn in 2022, is anticipated to reach US$ 7.44 Bn by 2031, growing at a CAGR of 7.09%. The volume of the market stood at 82.38 million units in 2022, underscoring the significant demand for diabetic footwear in these regions.North America & Europe Diabetic Footwear Market: Projected to Reach US$ 7.44 Bn by 2031
Growth Influencers:
The market's growth is primarily driven by the increasing prevalence of diabetes, necessitating specialized footwear to prevent foot-related complications. However, the high cost associated with diabetic footwear and foot ulcer treatment challenges market expansion.Segment Overview:
The market is segmented into types such as shoes, slippers, sandals, and socks, with shoes leading in revenue generation. By end-user, women represent the largest segment, while men and kids also contribute significantly. The distribution channels are bifurcated into offline and online, with offline channels expected to surpass US$ 4.1 Bn by 2031.By Type
- Slippers
- Sandals
- Shoes
- Socks
By End User
- Men
- Women
- Kids
By Distribution Channel
- Offline
- Online
Regional Overview:
North America leads the market, holding over 55% share in 2022, followed by Europe. Within Europe, countries like the UK, Germany, France, Italy, and Spain are key contributors to the market.By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
Competitive Landscape:
Key players include Aetrex Worldwide Inc., Apis Footwear Company, DARCO Medical India, and others, collectively holding nearly 40% market share. These companies significantly influence market dynamics through their product offerings and innovations.Report Insights:
- The diabetic footwear market in North America and Europe is on a growth trajectory, expected to reach US$ 7.44 Bn by 2031.
- Women emerge as the largest end-user segment, indicating a focused market demand.
- Offline distribution channels dominate, but online channels are gaining traction.
Questions to be Answered:
- What is the projected growth of the diabetic footwear market in North America and Europe by 2031?
- Which are the leading segments in the diabetic footwear market?
- How do different regions within North America and Europe contribute to the market?
- What role do major companies play in shaping the market dynamics?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aetrex Worldwide Inc.
- Apis Footwear Company
- DARCO Medical India
- Dr. Brinsley
- Dr. Comfort
- Drew Shoe
- Hochste Healthcare Private Limited
- Medical Expo
- Sun Medical
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 206 |
Published | November 2023 |
Forecast Period | 2022 - 2031 |
Estimated Market Value ( USD | $ 4.12 Billion |
Forecasted Market Value ( USD | $ 7.44 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Europe, North America |