Global Diabetic Footwear Market Overview, 2024-29

Global Diabetic Footwear Market Overview, 2024-29

Diabetic footwear refers to specifically made shoes and footwear accessories meant to provide best comfort, support, and protection for diabetics. Diabetes patients are more likely to have foot disorders such as poor circulation, nerve damage, and foot ulcers, which can lead to major health problems. Diabetic footwear is designed to mitigate these risks by including characteristics that improve foot health and limit the occurrence of foot issues. Globally, the diabetic footwear industry is expanding rapidly, primarily to rising diabetic patient awareness of the benefits of diabetic footwear. According to the World Health Organization, around 27% of diabetics at risk are exposed to peripheral neuropathies, and more than 50% of those suffer leg injuries, resulting in a high mortality rate worldwide. Customized and particularly created diabetic shoes with specific important qualities, such as comfort and raw material, are becoming increasingly popular among diabetic patients worldwide, as they serve to reduce the danger of skin breakdown in diabetes patients with pre-existing food disease. Increasing innovation activities by key companies to offer personalized and trendy diabetic footwear to satisfy the latest fashion trend, mainly from the female population, is playing a significant role in the market's growth. These specialized items can protect your feet from foot injuries caused by frequent mobility and detachable shoe insoles and inserts. Furthermore, due to the presence of elastic material in their composition, these items are noted for their adaptability. Unique properties of diabetic footwear such as diabetic footwear provides support and protection while minimizing pressure points on the feet, decreases the risk of diabetic foot ulcers and thereby reduces amputations, etc. help heal a variety of diabetic conditions such as inadequate blood circulation in the legs and thus, helps address foot pain and ulcers which is driving the diabetic footwear growth. Diabetes is classified as Type 1, Type 2, and gestational diabetes.

According to the research report, “Global Diabetic Footwear Market Overview, 2024-29” published by Bonafide Research, the market is anticipated to cross USD 10 Billion by 2029, increasing from USD 7.24 Billion in 2023. The market is expected to grow with 6.72% CAGR by 2024-29. Diabetic footwear is specially designed footwear that offers protection for feet for diabetic patients and reduces the risk of skin breakdown caused by poor circulation, neuropathy, and foot deformities. The diabetic footwear comes with a variety of features such as non-binding uppers, stretchable uppers, orthotic support, extra depth design for pressure free fit, deep-toe-box, functional soles, and others. Diabetic footwear is biomechanically engineered and is often used by athletes and regular people suffering from foot deformities caused by diabetes. The impact of COVID-19 pandemic on diabetic footwear market was quite negative. The supply chain disruption caused negative impact on the market. The shutdown of manufacturing units due to lockdown restrictions also had adverse effects on the diabetic footwear market growth. The diabetic footwear with unique important elements such as raw material and comfort are becoming increasingly popular among diabetic patients throughout the globe, as they aid to reduce the danger of skin damage in diabetic patients with pre-existing diet problems. The increase in innovation and development activities by major market players to offer personalized and attractive diabetic footwear to satisfy the latest fashion trends, particularly originating from the female population is expected to drive the growth of the global diabetic footwear market during the forecast period. The growing awareness of foot care among individuals with diabetes has fueled the demand for diabetic footwear. Demand has accelerated the development of innovative diabetic footwear products, including shoes with customizable features and shoes with sensors to monitor foot health. Diabetic footwear is accessible both online and in retail stores. This availability ensures that individuals with diabetes can readily find the footwear that best suits their needs.

Market Drivers
• Aging Population and Increased Longevity: The global population is aging, and with age comes an increased risk of developing diabetes. As people live longer, the prevalence of diabetes is expected to rise, contributing to a sustained demand for diabetic footwear. The aging demographic also emphasizes the importance of preventive measures to maintain overall health, including foot care.
• Government Initiatives for Diabetes Management: Governments and healthcare organizations worldwide are recognizing the economic burden of diabetes and its associated complications. To address this, there is a growing emphasis on preventive measures and management strategies. Some regions are implementing awareness programs, subsidies, or healthcare policies that promote the use of diabetic footwear as part of a comprehensive diabetes care plan.

Market Challenges
• Lack of Standardization in Sizing: Achieving a consistent and standardized sizing system for diabetic footwear remains a challenge. The lack of uniformity in sizing can lead to difficulties for consumers in finding the right fit, potentially affecting the effectiveness of the footwear in preventing complications. Standardization efforts within the industry could address this challenge and improve the overall user experience.
• Consumer Perception and Stigma: Overcoming the stigma associated with diabetic footwear is an ongoing challenge. Some individuals may perceive these shoes as purely functional and not aesthetically pleasing. Manufacturers are working to change this perception by incorporating stylish designs and marketing diabetic footwear as a fashionable choice, aligning with the broader trend of health-conscious consumers seeking both functionality and style.

Market Trends
• E-commerce and Online Retail Platforms: The rise of e-commerce has significantly impacted the distribution channels for diabetic footwear. Online platforms offer a convenient way for individuals to access a wide range of diabetic shoe options, compare reviews, and make informed choices. This trend enhances accessibility, especially for those in remote areas, and allows consumers to explore various styles and features.
• Customization and Personalization: There is a growing trend toward offering customizable diabetic footwear to meet the unique needs of individuals. Some manufacturers provide options for personalized insoles, adjustable closures, and even 3D-printed shoes tailored to the specific contours of a person's feet. This customization trend aims to enhance comfort and address individual foot conditions more precisely.

The increasing preference for sandals in the diabetic footwear market is driven by a demand for comfort, breathability, and style, aligning with the changing lifestyle and fashion choices of individuals managing diabetes.

Sandals have witnessed a notable surge in popularity within the diabetic footwear market due to several key factors. One primary reason is the emphasis on providing enhanced comfort and support for individuals with diabetes, as sandals offer an open design that minimizes pressure points and allows for breathability. The breathable nature of sandals helps in reducing moisture and maintaining a dry environment, which is crucial for preventing infections, a significant concern for those with diabetes. Moreover, sandals with specialized features, such as cushioned insoles and adjustable straps, cater to the unique foot conditions associated with diabetes, providing a comfortable and customized fit. As societal perceptions shift and individuals seek diabetic footwear that seamlessly integrates with their daily lifestyles, sandals are gaining popularity for their versatility and fashion-forward designs. Manufacturers are responding to this trend by incorporating stylish elements into diabetic sandals, eliminating the stigma often associated with medical footwear. The combination of comfort, breathability, style, and specific features addressing diabetic foot conditions has contributed to the growing popularity of sandals within the diabetic footwear market, offering individuals managing diabetes a broader range of options that align with their preferences and needs.

The increasing prevalence of foot deformities among individuals with diabetes is driving the growth of specialized footwear designed to accommodate and prevent deformities, offering a proactive approach to foot health.

Foot deformities, a common consequence of diabetes-related complications such as neuropathy and poor circulation, have become a significant concern within the diabetic community. These deformities, including bunions, hammertoes, and Charcot foot, can lead to altered foot shape and increased vulnerability to pressure points and injuries. Recognizing the impact of deformities on foot health, there has been a growing emphasis in the diabetic footwear market on developing specialized shoes that cater to individuals with varying degrees of foot deformities. Manufacturers are incorporating features such as extra depth, wider toe boxes, and seamless interiors to provide accommodation and reduce friction, minimizing the risk of ulcers and sores. The demand for diabetic footwear addressing deformities is escalating as healthcare professionals increasingly recommend these specialized shoes to prevent further complications and enhance overall foot health. This trend signifies a shift towards a more preventive and proactive approach, with individuals with diabetes seeking footwear solutions that not only offer comfort but also address the specific challenges posed by foot deformities, contributing to the growth of this segment within the diabetic footwear market.

The surge in the popularity of online platforms within the diabetic footwear market is driven by the convenience, accessibility, and wide product range offered to consumers, aligning with evolving shopping preferences and the impact of the digital era.

Online platforms have become a dominant force in the diabetic footwear market due to the transformative impact of digital technologies on consumer behavior. The convenience of shopping from the comfort of one's home, coupled with the accessibility to a diverse range of products, has led to a substantial shift in consumer preferences. Individuals managing diabetes are increasingly turning to online platforms to explore and purchase diabetic footwear, as these platforms provide a comprehensive selection, often featuring various styles, sizes, and specialized features. The ability to compare products, read reviews, and access detailed information on diabetic shoes online enhances the overall shopping experience, empowering consumers to make informed decisions. Furthermore, the convenience of doorstep delivery, easy return policies, and the availability of virtual fittings contribute to the growing appeal of online platforms for diabetic footwear purchases. The impact of the COVID-19 pandemic, which accelerated the adoption of online shopping, has further solidified the importance of digital platforms in the diabetic footwear market. As e-commerce continues to evolve and offer a seamless shopping experience, the online platform's dominance is expected to persist, providing individuals with diabetes a convenient and accessible avenue for acquiring the specialized footwear they need for optimal foot health.

The increasing awareness of diabetes-related foot complications among men, coupled with a changing perception of healthcare, is propelling the growth of the diabetic footwear market for men, as they prioritize preventive measures and overall well-being.

Men are becoming an increasingly significant demographic in the diabetic footwear market due to a shift in awareness towards the importance of foot health in the context of diabetes management. Traditionally, men might have been less inclined to prioritize their health, but changing societal attitudes towards well-being and a heightened understanding of the potential consequences of diabetes have led to a more proactive approach. The prevalence of diabetes in men is on the rise, prompting a growing demand for specialized footwear designed to address the unique foot conditions associated with the condition. Men are now recognizing the necessity of diabetic footwear in preventing complications such as neuropathy, infections, and ulcers. Additionally, the evolving trends in healthcare and wellness have contributed to the destigmatization of medical footwear, encouraging men to embrace diabetic shoes as a proactive and essential part of their overall health management. Manufacturers are responding to this trend by offering a diverse range of diabetic footwear for men, combining functionality with stylish designs. As men increasingly take charge of their health, the diabetic footwear market is witnessing a notable growth in this demographic, reflecting a positive shift towards preventive healthcare practices among men managing diabetes.

The increasing prevalence of diabetes and rising awareness of foot health in Asia-Pacific are driving the growth of the diabetic footwear market in the region.

Asia-Pacific has witnessed a significant surge in the prevalence of diabetes, attributed to lifestyle changes, urbanization, and dietary patterns. The region is home to a substantial portion of the global diabetic population, necessitating a heightened focus on comprehensive diabetes management, including foot care. The growing awareness of the importance of foot health in diabetes, both among healthcare professionals and individuals with diabetes, has led to an increased demand for specialized footwear. As the region undergoes economic development and healthcare infrastructure improvements, there is a parallel rise in the adoption of preventive healthcare measures. Individuals are recognizing the role of diabetic footwear in preventing complications such as neuropathy and ulcers, contributing to the overall well-being of those managing diabetes. The combination of a rising diabetic population and a proactive approach to health in Asia-Pacific positions the region as a significant and expanding market for diabetic footwear. Manufacturers are responding to this demand by offering a diverse range of products that cater to the unique needs of individuals with diabetes, contributing to the overall growth of the diabetic footwear market in Asia-Pacific.

The leading players in the diabetic footwear market have focused on providing customized solutions to consumers as their key strategies to gain a significant share in the market. Strategies, such as product launch and acquisition, have also helped the key players to gain a significant share in the global diabetic footwear market. The key players engaged in the manufacturing of diabetic footwear across the world are Aetrex Inc., Enovis, Apex Foot Health Industries, LLC, Orthofeet Inc., Propet USA, Inc., 3M, BSN medical GmbH, Siren Care, Intersocks SRL, Sigvaris AG, Simcan Enterprises Inc, ASICS, Kinetec Medical Products Ltd, DARCO International, Inc., Skechers USA, Inc., Drew Shoe Corporation , New Balance Athletics, Inc and Orthofeet Inc.
• In April 2023, Skechers took over Sports Connection Holding, a Scandinavia-based operator of distributor business. This acquisition aimed to broaden the company's customer reach in Europe.
• In November 2023, Orthofeet, Inc. A shuffling gait is a gait type characterized by dragging the feet along the ground or not fully lifting them. There are many causes of shuffling gait patterns. Most commonly, these patterns are associated with health conditions that affect the nervous system, joints, or muscles, like peripheral neuropathy, Parkinson’s disease, or cerebral palsy.
• In May 2022, Anodyne, LLC, a major provider of clinical footwear products most typically prescribed for diabetic patients, announced that HealthEdge Investment Partners, LLC a healthcare-focused private equity fund, had finalized an investment in the company
• In May 2022, Enovis, a global medical technology firm, had acquired 360 Med Care Pty Ltd, an Australia-based orthopaedic startup. The goal is to improve patient outcomes throughout the orthopaedic care process.
• In April 2022, HealthEdge Investment Partners, LLC a healthcare focused private equity fund, had acquired Anodyne, LLC (“Anodyne”), a leading provider of lifestyle-oriented clinical footwear solutions most commonly prescribed for diabetic patients.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Diabetic Footwear market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Products
• Shoes
• Slippers
• Sneakers
• Sandals
• Others (Socks)

By Foot Condition
• Neuropathy
• Ulcers
• Deformities

By Distribution Channel
• Specialty Stores
• Hypermarket / supermarket
• Online Platform
• Others (Pharmacy store, Brand Outlets)

By End User
• Men
• Women

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Diabetic Footwear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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