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

Diabetic Socks Market Drivers

Increasing Number of Diabetic Patients

• Diabetic socks market growth is expected to be driven by an increasing number of diabetic patients worldwide as a result of rapid urbanization, nutrition transformation, and increasingly sedentary lifestyles. According to the Centers for Disease Control and Prevention, there were approximately 26.9 million persons diagnosed with diabetes in the United States, with 26.8 million of them being adults. Furthermore, the introduction of numerous government initiatives focused on lessening the diabetic burden is supporting business growth. The Indian Medical Association (IMA), for example, held screening camps and mass awareness campaigns to promote awareness about the disease.

Technological Advancement in the Healthcare Sector

• Furthermore, technological advancements in the healthcare industry, such as the introduction of smart socks into the product spectrum, drive the diabetic socks market growth. Sensors in the socks examine the patient's lower legs, humidity, and foot joints to detect any infection caused by nerve damage. As a result, product innovation will lower the mortality rate caused by foot ulcers and pollution.

Diabetic Socks Market Restraints

Significant Investments Needed for Technological Integration

• The large investments necessary for technology integration, as well as the preference for alternative treatment methods, may limit the global diabetic socks market growth.