Wilmington, Delaware, United States, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. -The diabetic socks market size stood at US$ 154 million in 2021. A CAGR of 5.9% is predicted from 2022 to 2031. The market is anticipated to reach US$ 268.2 million by the end of 2031. With smart technology, diabetic socks can now have embedded sensors that detect foot temperature, alerting wearers to potential problems such as ulcers.
The quality and comfort of diabetic socks are important to consumers. Customers' positive feedback plays a significant role in driving these socks' demand. Diabetic socks have also become more popular due to a growing fashion consciousness among consumers. In response to consumer demands, manufacturers have developed a wide range of styles and designs to meet functional and aesthetic needs.
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Global Diabetic Socks Market: Key Players
Several large-scale vendors dominate the global diabetic socks market. Many companies are developing environmentally friendly products through extensive research and development. The key players adopt strategies such as expanding product portfolios and mergers and acquisitions.
- BSN Medical GmbH
- Therafirm
- Sigvaris Group
- Simcan Enterprises Inc.
- Siren
- Intersocks S.R.L
- Thorlo Inc.
- Cupron, Inc.
- Cresswell Sock Mills
- Scholl’s Wellness Co.
Smart socks with sensors, such as diabetic socks with sensors, have the potential to revolutionize foot care for diabetics. These socks can prevent complications such as ulcers and infections by detecting pressure points and monitoring temperature.
Key Findings of the Market Report
- The offline segment accounted for the majority of the global market in 2021.
- Due to the rapid expansion of e-commerce, the online segment is expected to grow significantly in the next few years.
- The cotton segment dominated a large percentage of the global market in 2021.
- Diabetic socks at medium prices are expected to have a high demand in the future.
- The demand for unisex socks will increase among middle-class residents in the coming years.
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Global Diabetic Socks Market: Growth Drivers
- There has been a steady rise in diabetes cases worldwide, with both type 1 and 2 diabetes fueling the demand for diabetic socks and other products catering to their unique needs. Material and design innovations in socks have been major trends. Socks for diabetics usually feature moisture-wicking fabrics, an integrated, seamless design to help reduce friction and pressure points, and additional cushioning in sensitive areas.
- Patients with diabetes have become more aware of foot care to avoid complications such as neuropathy and infection. As a result, socks designed specifically for diabetics are in high demand. Several manufacturers and retailers offer diabetic socks through e-commerce platforms, resulting in growth for this market. Diabetic socks are thus easily accessible and available to consumers.
- Diabetes patients with comprehensive foot care plans often receive diabetic socks from their healthcare providers. The recommendations influence consumer demand for diabetic socks in a significant way. Infections, ulcers, and neuropathy can all be prevented with diabetic socks. Due to consumer awareness of diabetes complications, diabetic socks are in high demand since they mitigate these risks.
Global Diabetic Socks Market: Regional Landscape
- North America is expected to drive demand for diabetic socks in the market. The growing number of obese adults and children will drive demand for these products. Diabetes affects about 1.5 million Americans annually, according to the American Diabetes Association, creating a strong market for these products. Diabetic socks are a big market in North America, where about 47.6 million people have diabetes.
- Diabetic socks are the most significant market worldwide due to the number of diabetic patients in the United States. A growing number of organizations and governments are taking initiatives to support diabetic programs, which will drive consumer awareness in the coming years.
- Healthcare providers often recommend diabetic socks for diabetic patients. In addition to influencing consumer demand, these recommendations play a critical role in increasing the popularity of these socks. Over the past few decades, diabetes has become more prevalent in the United States.
Key Developments
- In April 2023, American engineering students created a sock that could improve the quality of life for people with diabetic neuropathy - a type of nerve damage typically affecting the legs and feet.
- It is called StimuSock. TENS - a non-invasive pain reliever - and vibration therapy provide tactile feedback to aid balance problems via the wearable device.
Global Diabetic Socks Market: Segmentation
By Type
- Ankle-length
- Mid-calf/crew Length
- Over-the-calf/knee-high Length
By Material
- Polyester
- Cotton
- Nylon
- Spandex
- Others (Bamboo, Wool, etc.)
By Pricing
- High
- Medium
- Low
By End User
- Male
- Female
- Unisex
By Distribution Channel
- Online
- Company Website
- E-commerce Website
- Offline
- Mega Retail Stores
- Specialty Stores
- Others (Individual Stores, Departmental Stores, etc.)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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