The North America Diabetic Socks Market should witness market growth of 5.2% CAGR during the forecast period (2023-2029).
Diabetic socks are made to promote blood flow, decrease the incidence of foot injuries, and keep the feet dry. The product has many benefits, like antibacterial, preventing fungal infections, using a moisture-wicking material, and more. The prevalence of numerous foot conditions, such as plantar fasciitis, bunions, and diabetic neuropathy, has increased product consumption. Additionally, as more people get prediabetes, they become more cautious and willing to use certain treatments to avoid developing diabetes, contributing to the demand for the product.
When the pancreas is unable to create enough insulin or when the body cannot properly use the insulin that is produced, diabetes develops. In both emerging and developed regions, the number of people with diabetes has increased significantly during the past few decades. Diabetes and its associated complications are serious, costly, and even fatal. Amputation, stroke, renal damage, blindness, heart disease, and heart disease are some serious medical conditions associated with diabetes.
Due to reasons including the rising prevalence of diabetes and increased public awareness of diabetic foot ulcers, among other things, North America is predicted to hold a sizable market share. According to CDC's preliminary projections for 2019, 37.3 million Americans of all ages - or 11.3% of the population - had diabetes. With age, the proportion of persons with diabetes rose, reaching 29.2% among those 65 and older.
The American Diabetes Association claims that the rising prevalence of diabetes over the past five years has resulted in a 26% rise in healthcare costs in the United States. In addition, diagnoses of type 1 and type 2 diabetes among young people in the US have significantly increased. During the forecast period, the use of diabetic socks is expected to increase due to the growing healthcare burden associated with diabetic foot ulcers in North America. In addition, demand is also rising as more people in the United States, Canada, and Mexico are becoming aware of diabetic foot ulcers.
The US market dominated the North America Diabetic Socks Market by Country in 2022; thereby, achieving a market value of $122 million by 2029. The Canada market is anticipated to grow at a CAGR of 7.6% during (2023-2029). Additionally, The Mexico market would register a CAGR of 6.7% during (2023-2029).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Calf Length, Knee Length and Ankle Length. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Enovis Corporation, I-Runner (Healer Health LLC), Orthofeet, Inc., Knit-Rite, LLC, Drew Shoe Corporation, Creswell Sock Mills, HJ Sock Group Ltd. (Pantherella International Group Ltd), Syounaa (Nishikaa Garments International LLP), and Simcan Enterprises Inc.
Diabetic socks are made to promote blood flow, decrease the incidence of foot injuries, and keep the feet dry. The product has many benefits, like antibacterial, preventing fungal infections, using a moisture-wicking material, and more. The prevalence of numerous foot conditions, such as plantar fasciitis, bunions, and diabetic neuropathy, has increased product consumption. Additionally, as more people get prediabetes, they become more cautious and willing to use certain treatments to avoid developing diabetes, contributing to the demand for the product.
When the pancreas is unable to create enough insulin or when the body cannot properly use the insulin that is produced, diabetes develops. In both emerging and developed regions, the number of people with diabetes has increased significantly during the past few decades. Diabetes and its associated complications are serious, costly, and even fatal. Amputation, stroke, renal damage, blindness, heart disease, and heart disease are some serious medical conditions associated with diabetes.
Due to reasons including the rising prevalence of diabetes and increased public awareness of diabetic foot ulcers, among other things, North America is predicted to hold a sizable market share. According to CDC's preliminary projections for 2019, 37.3 million Americans of all ages - or 11.3% of the population - had diabetes. With age, the proportion of persons with diabetes rose, reaching 29.2% among those 65 and older.
The American Diabetes Association claims that the rising prevalence of diabetes over the past five years has resulted in a 26% rise in healthcare costs in the United States. In addition, diagnoses of type 1 and type 2 diabetes among young people in the US have significantly increased. During the forecast period, the use of diabetic socks is expected to increase due to the growing healthcare burden associated with diabetic foot ulcers in North America. In addition, demand is also rising as more people in the United States, Canada, and Mexico are becoming aware of diabetic foot ulcers.
The US market dominated the North America Diabetic Socks Market by Country in 2022; thereby, achieving a market value of $122 million by 2029. The Canada market is anticipated to grow at a CAGR of 7.6% during (2023-2029). Additionally, The Mexico market would register a CAGR of 6.7% during (2023-2029).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Calf Length, Knee Length and Ankle Length. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Enovis Corporation, I-Runner (Healer Health LLC), Orthofeet, Inc., Knit-Rite, LLC, Drew Shoe Corporation, Creswell Sock Mills, HJ Sock Group Ltd. (Pantherella International Group Ltd), Syounaa (Nishikaa Garments International LLP), and Simcan Enterprises Inc.
Scope of the Study
By Distribution Channel
- Offline
- Online
By Type
- Calf Length
- Knee Length
- Ankle Length
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Enovis Corporation
- I-Runner (Healer Health LLC)
- Orthofeet, Inc.
- Knit-Rite, LLC
- Drew Shoe Corporation
- Creswell Sock Mills
- HJ Sock Group Ltd. (Pantherella International Group Ltd)
- Syounaa (Nishikaa Garments International LLP)
- Simcan Enterprises Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. North America Diabetic Socks Market by Distribution Channel
Chapter 4. North America Diabetic Socks Market by Type
Chapter 5. North America Diabetic Socks Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Enovis Corporation
- I-Runner (Healer Health LLC)
- Orthofeet, Inc.
- Knit-Rite, LLC
- Drew Shoe Corporation
- Creswell Sock Mills
- HJ Sock Group Ltd. (Pantherella International Group Ltd)
- Syounaa (Nishikaa Garments International LLP)
- Simcan Enterprises Inc.
Methodology
LOADING...
