Diabetic Socks Market
Diabetic Socks Market Study by Polyester, Cotton, Nylon, Spandex, and Lycra Sold through Retail Stores, Online Stores, Modern Trade, Pharmacies, Clinics, and Healthcare Facilities from 2024 to 2034
Analysis of Diabetic Socks Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Diabetic Socks Market Overview (2024 to 2034)
The global diabetic socks market size is estimated to be worth US$ 184.2 million in 2024. The market is likely to register a growth of 4.7% from 2024 to 2034 period, reaching a projected value of US$ 292.8 million by 2034.
Key Market Insights
The global diabetic socks market share is expected to witness significant growth in the coming years, owing to the increasing prevalence of diabetes worldwide. Diabetes affects nearly millions of people globally and requires careful management to prevent complications such as nerve damage, foot ulcers, and infections. Moreover, the rising geriatric population, increasing healthcare expenditure, and technological advancements are other factors that are likely to boost the market growth globally.
The introduction of smart socks with sensors that monitor foot temperature, pressure points, and moisture levels has further boosted the demand for these products. These socks provide real-time data to healthcare providers, enabling them to detect and prevent potential foot injuries before they occur. As a result, the diabetic socks market share is expected to grow in the coming years.
The growing demand for moisture-wicking fabrics for comfort and prevention of infections such as fungi and others. Therefore, increasing foot injuries and irritation incidents are expected to boost market expansion.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 184.2million |
| Forecasted Market Value (2034F) | US$ 292.8 million |
| Global Market Growth Rate (2024 to 2034) | 4.7% CAGR |
| Mid-Calf/Crew Length Segment Growth Rate (2024 to 2034) | 4.8% CAGR |
| North America Market Share (2024) | 33.2% |
| Latin America Market Share (2024) | 6.8% |
| Key Companies Profiled |
|
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What Factors Have Led to the Worldwide Increase in Demand for Diabetic Socks?
“The Increasing Foot Injuries and Growing Awareness About Benefits of Diabetic Socks”
The increase in foot injuries and irritation among diabetic patients is also a significant factor driving the market growth. These injuries can lead to serious complications, such as foot ulcers and amputations, which can be prevented by using diabetic socks. Moreover, the growing awareness about the benefits of diabetic socks among healthcare professionals and patients is also contributing to the market's expansion.
Diabetic socks are designed to provide comfort and protection to individuals with diabetes, who are more susceptible to foot injuries and infections. These socks are made from breathable and moisture-wicking materials that help prevent bacterial and fungal growth, which can lead to various foot complications.
“Rising Need for Comfortable and Prevention of Conditions such as Blisters and Foot Ulcers Worldwide is Expected to Drive the Market Demand”
Apart from providing comfort and preventing infections, diabetic socks are also designed to improve blood circulation and reduce the risk of foot injuries. Some diabetic socks also have extra padding in high-pressure areas to reduce the risk of blisters and ulcers. In addition, some manufacturers are incorporating advanced technologies such as silver fibers that have antimicrobial properties to prevent the growth of bacteria and fungi.
Diabetic socks are designed to provide maximum comfort and protection for individuals with diabetes. They are made of breathable and moisture-wicking fabrics that keep feet dry and prevent the growth of harmful bacteria and fungi. The rising awareness about foot care among diabetes patients has increased demand for these socks.
Which Factor Hampering the Expansion of the Diabetic Socks Demand?
“The High Cost of Diabetic Socks due to Included Advanced Technology such as Sensors and Others is Expected to Hinder Market Growth for the Forecast Period”
High costs of socks and a lack of awareness about the benefits of diabetic socks among the general population, especially in developing countries, are also expected to hinder the market in the forecast period. Moreover, the availability of counterfeit products in the market may also negatively impact the growth of the market, as it can lead to a loss of trust among customers, which is expected to result in a decline in sales. However, the increasing prevalence of diabetes, the growing geriatric population, and the rising demand for non-invasive and painless treatment options are expected to create lucrative opportunities for the growth of the market in the coming years.
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Country-wise Insights
In line with the increasing sales in the regions, the diabetic socks market finds a considerable portion of its consumer base in North America and Latin America. North America is expected to hold 33.2% of the worldwide market share in 2024. The market is expected to progress at a moderate CAGR of 4.3% from 2024 to 2034 in the region, with the market share at the end of the period predicted to reach 31.8%.
Latin America is the other region with a considerable share of the market. In 2024, the market share in Latin America is tipped to be 6.8%. The market is expected to register a moderate CAGR of 5.6% over the forecast period, at the end of which, the market share in the region is projected to be 7.4%.
What Ensures the Continued Growth of the Diabetic Socks Market in the United States?
“The Rising Obesity Rate and Prevalence of Diabetes are Fueling the Market Growth for Forecast Period”
The value of the diabetic socks industry in the United States for 2024 is estimated to be US$ 56 million. Over the forecast period, the market is expected to register an encouraging CAGR of 4.3% in the country, reaching a value of US$ 85 million by 2034.
Being more inclined to foot problems, individuals with diabetes also experience poor circulation and nerve damage in their feet. Diabetic socks are designed to address these issues, as they are made with materials that promote better circulation and protect the feet from excess pressure and rubbing.
Furthermore, the rising obesity rates in the United States have contributed to the increase in people with diabetes. This has led to a greater need for diabetic socks, which can help prevent foot ulcers, infections, and other complications.
Overall, the market is expected to see continued growth in the coming years as the prevalence of diabetes and related health issues continues to rise. As a result, the new products and advancements in diabetic sock technology aid this growing population's needs better.
Why is Brazil Emerging as A Significant Growth across the Country for the Diabetic Socks Market?
“The Increasing Foot Complications and High Investments in the Market by Manufacturers are Projected to Fuel Market Growth in Brazil”
The Brazil diabetic socks market in 2024 is estimated to reach US$ 6 million. The market is expected to register a robust CAGR of 4.6% for the forecast period in Brazil, with the industry value projected to reach US$ 10 million by 2034.
In Brazil, the diabetic socks market has seen significant growth in recent years, owing to the increasing prevalence of diabetes and related foot complications. The region represents a lucrative market for diabetic sock manufacturers, as the demand for these products is expected to rise with the growing awareness of diabetic foot care and the availability of advanced healthcare facilities. Moreover, leading players in the market are investing heavily in advertising and marketing to increase their market share in Brazil.
The Brazilian government has also taken initiatives to raise awareness about diabetes and promote the use of diabetic care products, which is expected to drive the growth of the diabetic socks market in the country further. Additionally, an increase in expenditure for diabetic care products in Brazil is predicted to boost the expansion of the diabetic socks market during the forecast period.
Category-wise Insights
Why Do Fixed Mid-Calf/Crew Dominate the Diabetic Socks Market?
“Mid-Calf/Crew Providing Extra Support and Protection for Feet and Legs”
The mid-calf/crew length segment is expected to contribute 89.6% of the market share by product type in 2024. For the forecast period, the CAGR for mid-calf/crew length is marked to be 4.8%.
The mid-calf/crew-length diabetic socks segment is one of the most popular types of diabetic socks available in the market. These socks are designed to cover the calf muscles of the leg, providing extra support and protection to the feet and legs. They are made of high-quality materials like cotton, wool, and synthetic fibers that are soft, comfortable, and breathable. These socks are also designed to reduce pressure on the feet, improve blood flow, and prevent moisture buildup, which can lead to infections and other complications.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
With the presence of regional and domestic players, the market for diabetic socks is highly fragmented. The market is expected to witness an upsurge of activity from domestic manufacturers. Companies with a strong brand image will gain traction, while startups that utilize technology will continue to dominate the industry. Some prominent companies in the diabetic socks industry are Hangzhou Aidu Trading Co., Ltd., Soyad Brothers LLC., DJO, LLC, PediFix Inc., Cupron, Thorlo Inc., Reflexa, BSN Medical, and SIGVARIS.
In 2020, THORLO, Inc., the manufacturer of activity-specific performance socks, collaborated with Strategic Brand Growth, LLC to extend the brand's reach to new distribution channels and products through its superior design, sourcing, and marketing capabilities.
In 2021, Siren Care introduced temperature-monitoring diabetic socks using miniature sensors. The Siren Socks can help in preventing amputations and foot ulcers by nearly 87%.
Segmentation of Diabetic Socks Market Research
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By Product Type:
- Ankle Length
- Mid-Calf/Crew Length
- Over the Calf Length
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By Material Type:
- Polyester
- Cotton
- Nylon
- Spandex
- Lycra
- Others
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By Distribution Channel:
- Retail Stores
- Online Stores
- Modern Trade
- Pharmacies
- Clinics
- Other Healthcare Facilities
-
By Region:
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- The Middle East & Africa
- FAQs -
Which is the Leading Product Type in the Diabetic Socks Market?
The mid-calf/crew length segment is the leading product type in the market, with an expected market share of 89.6% in 2024.
What is the Market Outlook for Diabetic Socks?
The sales outlook for the diabetic socks market is likely to be valued at US$ 184.2 million in 2024.
What is the Market Forecast for Diabetic Socks over the Next Decade?
Demand for diabetic socks is projected to reach US$ 292.8 million by the end of 2034.
What is the Growth Projection for Diabetic Sock Adoption?
Adoption of diabetic socks is projected to rise at a CAGR of 4.7% through 2034.
How Fast is the Latin American Diabetic Socks Market Expected to Grow?
The Latin America market for diabetic socks is forecast to expand at a CAGR of 5.6% through 2034.
Diabetic Socks Market