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Diabetic Footwear Market Size in USD 5.70 Million to Accelerate at 7.8% CAGR Through 2032
The market for Diabetic Footwear was worth USD 5.70 million in 2021. It is projected to grow at a 7.8% compound annual growth (CAGR) between 2022 and 2032.
Many obese people are turning to custom shoes to alleviate discomfort and flat foot pain. The market for diabetic shoes will see a rise in demand due to increased life expectancy and awareness regarding preventing obesity-related risks such as diabetes and other cardiovascular diseases.
Most diabetic shoes are worn by the elderly. There are growing concerns about the side effects of synthetic medicines, and the preference for safer options is changing. To reduce the effects of diabetes, consumers prefer to wear diabetic shoes and use other healthy options. Technological advancements and medical improvements are expected to boost the market growth in the coming years.
These specialty shoes are available in various styles, including a flexible inner sole, inserted sole, or hybrid. This allows the consumer to use the product for many other purposes, such as posture improvement, pain relief, and protection against minor injuries that could harm a diabetic. This will drive product demand shortly.
The rapid rise in diabetes cases drives the global diabetes shoe market. Market growth is also expected to be driven by rising interest in healthy lifestyles and growing concerns about diabetes. Due to increased designs catering to fashion concerns, high growth opportunities are expected worldwide for the diabetic shoe market.
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