Diabetic Socks Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global diabetic socks market was valued at 179.7 million in 2022, and CAGR of 5.9% is expected during forecast period. The aim of diabetic socks is to protect the feet, and to reduce the risk of injury. The diabetic socks market had noticed growth due to increasing prevalence of diabetes, awareness about foot complications, and advancement in socks technology tailored for diabetic needs. Factors like rising healthcare expenditure, and a focus on preventive care also contribute to its expansion. Lifestyle changes and emphasis on comfort and functionality in diabetic products further propel the market growth significantly. Increasing number of diabetic patients worldwide are driving the growth significantly. Increasing awareness among the people regarding their health is driving the growth in the market significantly.

Impact of Covid-19

Covid-19 influenced the diabetic socks market in several ways. Initially there was a disruption in supply chain, affecting manufacturing, and distribution. However, the increased focus on healthcare and preventive measures during the pandemic emphasized the importance of diabetic footcare leading to a heightened demand for specialized diabetic socks. The shift towards telemedicine, and online shopping, also boosted sales of diabetic socks, as people sought the convenient way to access the healthcare products. Increasing number of diabetic patients world-wide is driving the growth towards the success. After covid-19 got over, people became more conscious about their health, they went for the best treatment of diabetes, the market for diabetic socks also grew significantly. Increasing number of geriatric populations is driving the growth in the market. Geriatric people are more susceptible to the disease. Increasing demand for diabetic socks is driving the market significantly. Products like sugar-free are used in access to avoid the threat of the disease.

Growth Drivers

The diabetic socks market is seeing growth due to several factors like increasing prevalence of diabetes globally. Rising awareness about footcare among diabetic individuals, technological advancements leading to better fabric, and design to these socks. The growing demand for specialized diabetic footwear to prevent complications, and the overall emphasis on preventive healthcare is driving the growth in diabetics socks market. Aging population, and lifestyle changes are contributing to the expansion of the market.

These specialized socks are designed to provide extra cushioning, better circulation and moisture wicking properties to prevent complications for people with diabetes. They often have seamless toes, non-binding tops, and antimicrobial features to reduce the risk of foot injury, and infections. Increasing accessibility through online platforms allows for easier purchasing, widening the market reach for diabetic socks. Support from healthcare organization, diabetes associations, and medical professionals advocating for proper footcare, among diabetic patients boosting the adoption of diabetic socks.

Ongoing innovations in manufacturing processes, have led to the development of more comfortable, moisture wicking, and more supportable diabetic socks option. Greater awareness among diabetic patients about the footcare and the importance of preventive measure, to avoid complications like neuropathy, and ulcers. Countries like India, and China due to unhealthy, and unhygienic food are having the largest number of diabetic patients. Increasing awareness among the people about the diabetes is propelling the demand for the diabetic socks.

Segmentation

Product Type

·         Regular Socks

·         Smart Socks

Material Use

·         Cotton

·         Polyster

·         Nylon

·         Wool

·         Lycra

·         Others

Type

·         Medical Length

·         Mid-calf Length

·         Knee Length

Regional Outlook

·         Asia Pacific

·         North America

·         Europe

·         Latin America

·         Middle East and Africa

Diabetic Socks Market Product Type Segmentation

On the basis of product type, the diabetic socks market is segmented into regular socks, and smart socks. Smart socks is the leading segment, due to its, focus on comfort, health monitoring capabilities, and injury prevention. Regular socks are typically made from standard materials and don’t have specialized features. Smart socks are often designed for diabetic’s individuals, often incorporate seamless designs, and moisture wicking properties, extra cushioning, and non-binding tops to prevent circulation restriction. With the help of pressure, and temperature sensor, to monitor food health, and prevent complications.

Diabetic Socks Market Material Used Segmentation

On the basis of material used Diabetic socks market is segmented into cotton, polyster, nylon, wood, lycra, and others. Polyster or Nylon belongs to synthetic fiber category, for its moisture wickings property. Natural fibers are also used for for comfort, natural fibers like bamboo is used. Spandex or elastane provides elasticity for better fit. Antimicrobial fabrics are also used for better resistance against the disease. Specialized yarn with silver or copper ions, for their anti-bacterial properties. These material are often combine to create diabetic socks, which prevent the foot from any sort of unwanted injury.

Regional Outlook

On the basis of regions, the diabetic socks market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. North America is leading the market due to higher diabetic population, increased awareness, and significant investments in healthcare. The U.S. particularly dominates the region due to production, and consumption.

Europe is showing substantial growth due to increasing number of diabetic patients, and aging population, and strong healthcare infrastructure in western European countries like Germany, France, Italy, and Spain. Witnessing rapid growth due to increasing prevalence of diabetes, especially in countries like China, and India. Rising disposable income and growing awareness are also contributing factors. Latin America is showing moderate growth in the region due to increasing awareness about the healthcare, and diabetes. Experiencing a gradual rise in demand, influenced by higher prevalence of diabetes, and improving healthcare facilities are driving the growth in the region.

Diabetes is the most common disease, and diabetic socks is the most demanding thing in the market among the diabetic patients. Middle East especially United Arab Emirates, and Saudi Arabia are witnessing moderate growth due to increasing growth in awareness among the people, and developing healthcare infrastructure. Latin American country specially Brazil and Argentina are witnessing growth in the market substantially due to better health infrastructure in the region by the government. Increasing inclination towards safety measures is driving the growth in the market.

Key Players

·         Colfax Corporation

·         I-Runner

·         Orthofeet INC

·         Creswell Sock

·         Pantherella International Group

·         Drew Shoe Mills

·         Nishikaa Garments International

·         Simcan Enterprises LLP

·         European Lingerie Group

·         Other Players