Global Diabetic Socks Market

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

Report ID: SQMIG35A2210 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Diabetic Socks Market News

  • in May 2021, the Siren Diabetic Sock and Foot Monitoring System, which makes use of Siren's neuro fabric material, was announced as the company's smart sock product launch. This novel device is capable of providing early warning signs of inflammation or diabetic foot ulcers. The major goal of the launch is to help patients by providing technology that allows them to quickly monitor diabetic foot ulcers.
  • In February 2021, Therafrim was named North Carolina's top rural exporter. The company exports its products to over 50 nations, and all of the materials utilized in production are supplied from the United States. It boosted production and sales by 20% in 2021 over 2021.
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Diabetic Socks Market size was valued at USD 177.7 million in 2019 and is poised to grow from USD 187.3 million in 2023 to USD 285.27 million by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

The global diabetic socks market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'SIGVARIS', ' Therafirm ', ' Dr. Comfort ', ' Siren Care ', ' Diabetic Care ', ' Orthofeet ', ' Jobst ', ' SmartKnit ', ' Medi USA ', ' Incrediwear ', ' Vim & Vigr ', ' Juzo ', ' Sugar Medical ', ' Aetrex Worldwide ', ' CEP Compression ', ' Drymax ', ' FootScientific ', ' HealthyFeetStore ', ' PediFix ', ' Pro-Tech Athletics '

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.

The development of smart sock technology is one of the major emerging trends in the global market. Some diabetic socks include built-in sensors that monitor foot temperature and provide messages to an app if, for example, an ulcer forms. They have a battery the size of a dime on the outside of the sock, close to the ankle. These socks typically have a six-month lifespan. For example, the San Francisco-based company Siren has created socks with microsensors woven in that can detect diabetic foot issues. Siren has developed Neurofabric, a fabric with microsensors woven right into it. The company stated that Neurofabric's sensors are completely seamless and virtually undetectable to the user and that they can be created inexpensively and easily using standard industrial technology. This is a crucial element driving the diabetic socks market's revenue growth, particularly in the healthcare industry.

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.

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Global Diabetic Socks Market

Report ID: SQMIG35A2210

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