The global diabetic socks market size was USD 344.80 Million in 2021 and is expected to register a revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of diabetics and related complications such as Diabetic Food Ulcer (DFC) and diabetic neuropathy, growing consumer demand for better improved accessibility and benefits offered by diabetic socks to patients over regular socks, and introduction of innovative smart sock technology are factors driving market revenue growth.
The Global Diabetic Socks market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Diabetic Socks market drivers and restraints space
Diabetes can cause a number of health issues, including retinopathy, brain or heart disease, neuropathy (nerve system abnormalities), and Diabetic Foot Ulcers (DFU), among others. One of the most common and early concerns, however, is rise in skin problems in diabetic patients. The feet of most diabetics become a particularly sensitive area, making diabetes-related foot ulcers a common problem that requires careful observation and medical management, due to delayed healing and reduced immunity. According to research, foot ulcer affects 15% to 25% of diabetics over the course of their lifetime and an open sore can become infected and cause problems, while in 85% of diabetes-related limb amputation cases, ulceration occurred first. Therefore, patients suffering from diabetes who have foot problems, such as diabetic foot ulcers, changes in foot color or temperature, irritation, nerve damage, blisters, fungal infections, frequently damp or moist feet, and decreased pedal pulse, would benefit from wearing solely diabetic socks, which is likely to increase demand for diabetic socks among such patients.
People with diabetes can wear socks that are specifically made for them. To prevent problems with diabetes and diabetic neuropathy, proper foot care is essential, which includes selecting appropriate socks. People who have diabetes can protect their feet from pressure and help prevent ulcers by wearing diabetic socks, as these socks also help in preventing blisters and ulcers by cushioning the foot and reducing friction. As a result of rising customer desire for diabetic socks and their ability to immediately address foot issues associated, diabetic socks are designed with various features driving market revenue growth. These socks include padding in addition to a variety of stitch designs, yarns, and fabrics to safeguard delicate feet. In addition, high-quality fabrics used to make these socks are excellent at absorbing moisture, are non-restrictive, close-fitting, well-padded, and seamless. Diabetic socks are designed to protect the feet from damage and reduce skin inflammation, therefore, some diabetic socks are made from gently textured materials with built-in antibacterial properties such as wool and bamboo, which won't likely irritate the skin. Moreover, diabetic compression stockings can help reduce edema and keep feet and legs healthy and have a nylon exterior to greatly reduce walking friction and risk of foot injury.
Development of smart sock technology is a significant emerging trend in diabetic socks worldwide. Some diabetic socks have sensors built in, that track temperature of the feet and provide alerts to an app if, for instance, if an ulcer is forming. These socks have a dime-sized battery inside sock, near the ankle and typically last around six months. This is a significant factor driving market revenue growth, particularly in the healthcare sector.
However, high costs, compression issues related to diabetic compression socks and lack of awareness among population are some of the major obstacles for market revenue growth. Diabetes patients and those with PAD should avoid wearing diabetic compression type socks since they can reduce blood flow to legs. Patients with venous insufficiency who use graduated compression socks and hosiery can help keep their edema under control but uneven pressure distribution and too much pressure can damage the skin, especially in older, impoverished patients and those with weak, brittle skin, which is hindering market revenue growth.
Some Key Highlights From the Report
- The copper segment accounted for a moderate revenue share in 2021. Copper-infused socks also stop an athlete's foot from spreading when worn again and these socks prevent odor. Within hours of contact, copper's antimicrobial properties successfully eliminate bacteria, viruses, and fungi that cause skin diseases or offensive odors and copper-impregnated fabric also aids in growth of new skin cells, which speeds up wound healing and offers protection from pathogens. Compression socks and accessories with copper infusion can aid with blood flow and foot health, making it simpler to manage or prevent diabetes-related issues. Copper ions are molecularly inserted into the yarn of sock, where they will stay for by using modern technology. These are major factors driving revenue growth of this segment.
- The retail stores segment accounted for a significant revenue share in 2021. This is attributed to offline stores facilitating a variety of options of hair care products promoting both branded and private labelled products. Retail establishments give customers right to make decision by allowing them to select from a variety of brands. Customers can also interact with owners and employees of retail establishments about various products to gain pertinent information. Retail store owners and employees may help customers make the best decision, which might be more convenient for them if they prefer an efficient purchasing procedure to browsing online. Retail establishments enhance customer happiness and facilitate smarter purchasing decisions by enabling a comprehensive shift in the consumer's shopping journey.
- The Asia Pacific market accounted for a significant revenue share in 2021. The diabetic socks market is growing in this region, particularly in India, Japan, and China, owing to rising prevalence of diabetes among population, especially growing elderly population and increasing textile imports and exports for hosiery products including diabetic socks for provision of diabetic socks, especially in China and India, which have resulted in continued growth of this industry. For instance, according to International markets for Hosiery, global commerce in hosiery, which includes socks, pantyhose, tights, compression hosiery, and stockings, is anticipated to increase in 2021. Particularly in case of hosiery, extra taxes on the U.S. imports from China are probably going to cause some Chinese production to move to Asia's lower-cost nations, such as Bangladesh, India, Indonesia, Pakistan, and Vietnam, hence driving revenue growth of the market in this region.
- Some major companies in the global market report include Apex Foot Health Industries, SIGVARIS, Siren, HangZhou Aidu Trading Co., Ltd., Soyad Brothers LLC., DJO, LLC, PediFix Inc., Cupron, Thorlo Inc., Reflexa, and BSN Medical.
- On February 25, 2021, Siren, a health technology business that was a pioneer in the creation of microsensor-embedded textiles for medical uses, announced that Siren Staffing, a Remote Patient Monitoring (RPM) program, would be added to its line of siren diabetic socks. These socks were created to assist people with diabetes in better managing their foot health by continuously monitoring foot temperature. It is advised to use temperature monitoring as a strategy to identify and prevent Diabetic Foot Ulcers (DFUs) because it has been clinically proven to be a significant physiologic marker of injury.
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Emergen Research has segmented the global diabetic socks market based on material type, distribution channel, and region:
- Material Type Outlook (Revenue, USD Million; 2019-2030)
- Bamboo
- Copper
- Wool
- Acrylic
- Others
- Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- E-Commerce
- Retail Stores
- Hospital Pharmacies
- Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
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