According to a new market research report published by sheer analytics and insights, “The Global Diabetic Socks Market was $118.4 Mn in 2020, and it is expected to reach $198.7 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 5.3% between 2020-2030, as per the latest market research report titled Global Diabetic Socks Market – Global industry analysis, size, share, growth, trends, and forecast, 2019-2030.
Market Insights
Diabetic socks is a new concept penetrating the market at the commendable rate. These diabetic socks range from USD 5 to USD 20 per pair. These socks are not so much commercially advertised therefore most of the diabetic patients across the world are unaware of the usage and benefits pf these diabetic socks. But with the doctor’s recommendation and newly opened local companies these socks are getting popular in developed regions. The price of these stocks are expected to decrease during the forecast period and companies are expected to increase their bases in developing regions too.
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Diabetes is a type of choric disease that occurs due to a lack of insulin. When our body does not utilize the produced insulin, or the pancreas fails to produce the specific amount of insulin, then the disease will appear. As per reports, from the past decade, the number of diabetes suffering people is increasing in both developed and developing reason. That is why it the forts concern to invent a strong medicine that can stop this outbreak, according to dr. There are two types of diabetes found in the human body, diabetes type I and II. Prevention of diabetes type I with current knowledge has not been establishing yet. However, effective approaches to prevent type II has been established around the world. The increasing number of patients, modern technology, high investment in the health center, and increasing income are the prime factor in the growth of the global diabetics socks market during the forecast period of 2020 to 2030.
Moreover, the current pandemic of the COVID-19 effect on the Healthcare IT market. The growth rate graph changed slightly due to the pandemic situation. As per the report in the last few months, the number of people visits the diagnostics center has been reduced majorly, despite the OPD services, and an emergency is available in the hospitals. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing health centers across the world are anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Diabetic Socks Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include BSN Medical, Therafirm, Sigvaris, Simcan Enterprises Inc., Siren, Intersocks S.R.L, Thorlo Inc., Cupron, Cresswell Socks Mill, Dr. Scholls, Colfax Corporation, I-Runner, Orthofeet Inc., Pantherella, international Group, Nishikaa Garments International LLP, and Simcan Enterprises Inc. among others.
Global Diabetic Socks Market Has Been Segmented into:
By Product
- Introduction
- Ankle length diabetic socks
- Mid-Calf/Crew length diabetic socks
- Over the calf/Knee high length diabetic socks
By Material
- Introduction
- Polyester
- Cotton
- Nylon
- Spandex
- Others
By Distribution Channel
- Online
- Offline
- Large Format Stores
- Specialty Store
- Small Retail Stores
- Pharmacies and Clinics
- Others
By Geography
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/diabetic-socks-market-21
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