Diabetic Socks Market Anticipated To Reach US$ 192.8 Mn By 2025

According to the latest market report published by Persistence Market Research titled ‘Diabetic
Socks Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,’ the global diabetic
socks market is expected to expand at a CAGR of approximately 4.8% during the forecast period
Global Diabetic Socks Market: Factors Impacting the Market
The primary factors driving the growth of the global diabetic socks market are increasing
prevalence of diabetic neuropathy, government focus on creating awareness on diabetes cure,
increasing global healthcare spending, rising demand for diabetic socks due to the increase in the
prevalence of diabetes across the globe, and changes in lifestyle that increase the probability of
genomic mutations. However, higher costs associated with diabetic socks and lack of awareness
among people are some of the factors that will restrict revenue growth of the diabetic socks market
over the forecast period.
Diabetic socks are specially designed socks for patients with diabetes so as to prevent the chances
for blistering. These socks are designed for controlling moisture, prevent blistering on the skin
surface, and minimizing moisture accumulation. Basically their main function is to protect the feet
and provide maximum support. Diabetic socks are cushioned with extra padding in order to prevent
foot ulcers. These socks are typically non-elastic and seamless. Diabetic socks are an important
preventive tool for people who have diabetes because they work to protect the feet from potential
injuries. Smart socks is the newest development in diabetic socks. Smart socks utilize fiber optic
sensors to monitor pressure, moisture and foot joint ankles to warn of the potential development of
ulcers in parts with nerve damage. Smart diabetic socks can greatly reduce the amount of
amputations and death due to foot ulcers and infections.
On the basis of region, the market has been segmented into North America, Latin America, Europe,
Asia Pacific, and Middle East and Africa. North America is estimated to dominate the global
diabetic socks market with maximum value share of the overall market recorded in 2016. The North
America diabetic socks market is expected to register a CAGR of more than 4% over the forecast
period to reach a market value of US$ 60.7 Mn by 2025 end.
Global Diabetic Socks Market: Vendor Ecosystem
Some of the key players in the global diabetic socks market across the value chain are BSN
Medical, Therafirm, SIGVARIS, SIMCAN ENTERPRISES INC, 3M, Veba Inc.,Siren care,
Intersocks S.R.L, THORLO, Inc, Cupron and Cresswell Socks Mill. Companies are focusing on
collaborating with established research centers to develop new products. The report also identifies
company-specific strategies related to product development, market consolidation initiatives and
analysis of companies’ specific strengths, weaknesses, opportunities and threats.
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