Diabetic Socks Market Size, Share, Growth Analysis, By Product Type(Bamboo, copper, wool, acrylic), By Distribution Channel(E-Commerce, retail stores, and hospital pharmacies), By Region - Industry Forecast 2024-2031

The North America market accounted for the largest revenue share in 2021, owing to the presence of major pharmaceutical companies, favorable government regulations, and increasing recommendations for diabetic socks by various hospitals across the US, which has led to increased demand for these socks in this region. The US Department of Health recommends that diabetic patients always wear cotton or wool diabetic socks to keep their feet dry and avoid exposure to injury or bacteria. Cotton and wool socks, according to official authorities, are ideal for diabetics because they keep the feet dry. When advising patients, healthcare practitioners regularly use diabetes foot care and general diabetes care material provided by pharmaceutical companies.

In 2021, the Asia Pacific market had the second-largest revenue share. The market is expanding in this region, particularly in India, Japan, and China, as a result of rising diabetes prevalence among the population, particularly among the growing elderly population, and rising textile imports and exports for hosiery products including diabetic socks, particularly in China and India, which has resulted in the continued growth of this industry. According to International Markets for Hosiery, the global hosiery market, which includes socks, pantyhose, tights, compression hosiery, and stockings, is expected to grow in 2021. Extra taxes on Chinese imports to the United States, particularly on hosiery, are likely to encourage some Chinese production to shift to lower-cost Asian nations such as Bangladesh, India, Indonesia, Pakistan, and Vietnam. In actuality, emerging Asian economies are expected to see the majority of growth in textile import markets, reflecting the rapid development of upper and middle classes in a number of these countries.

In 2021, the European market accounted for a significant revenue share. Growing preventative care needs, increased collaborations and funding between major companies and hospitals for the increased provision of diabetics, and growing consumer demand for practical, efficient, novel, and eco-friendly alternatives for diabetic socks such as bamboo socks are driving the market forward.