2015 – 2025 GLOBAL DIABETIC FOOTWEAR MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING Scope of Report Product of Interest (POI): Diabetic Footwear Global diabetic footwear market is expected to reach $ 9.7 billion by 2025 on account of rising adoption of diabetic footwear, as they are designed to minimize the risk of skin breakdown caused by poor circulation, neuropathy and foot deformities. Moreover, these footwears offer a variety of features such as nonbinding uppers, stretchable uppers, orthotic support, extra depth design for a pressure-free fit, deep-toe-box, functional soles, and others in order to protect diabetic feet. Market Segmentation Global Diabetic Footwear Market Year Range END USER • Men • Women PRODUCT • Shoes • Sandals • Slippers DISTRIBUTION CHANNEL 2015 – 2018 Base Year 2019 • Store Based • Non-store Based Review Period REGION • North America • Europe • Asia-Pacific • South America • Middle East & Africa Estimated Year 2020 Forecast Period 2021 – 2025 2 Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. Global Diabetic Footwear Market Outlook 5.1. Market Size & Forecast 5.1.1. 5.2. 5.3. 6. Page No. By Value Market Share & Forecast 5.2.1. By Product (Shoes, Sandals and Slippers) 5.2.2. By End User (Men and Women) 5.2.3. By Distribution Channel (Store-based Vs. Non-store based) 5.2.4. By Company 5.2.5. By Region Market Attractiveness Index North America Diabetic Footwear Market Outlook 6.1. Market Size & Forecast 6.1.1. 6.2. By Value Market Share & Forecast 6.2.1. By Product 6.2.2. By End User 6.2.3. By Distribution Channel 6.2.4. By Country 3 Table of Contents S. No. Contents 6.3. North America: Country Analysis 6.3.1. United States Diabetic Footwear Market Outlook 6.3.1.1. Market Size & Forecast 6.3.1.1.1. 6.3.1.2. 6.3.2. Market Share & Forecast 6.3.1.2.1. By Product 6.3.1.2.2. By Distribution Channel Market Size & Forecast 6.3.2.1.1. 6.3.2.2. 6.3.3. By Value Mexico Diabetic Footwear Market Outlook 6.3.2.1. By Value Market Share & Forecast 6.3.2.2.1. By Product 6.3.2.2.2. By Distribution Channel Canada Diabetic Footwear Market Outlook 6.3.3.1. Market Size & Forecast 6.3.3.1.1. 6.3.3.2. By Value Market Share & Forecast 6.3.3.2.1. 6.3.3.2.2. 7. Page No. By Product By Distribution Channel Asia Pacific Diabetic Footwear Market Outlook 7.1. Market Size & Forecast 7.1.1. 7.2. By Value Market Share & Forecast 4 Table of Contents S. No. Contents 7.3. 7.2.1. By Product 7.2.2. By End User 7.2.3. By Distribution Channel 7.2.4. By Country Page No. Asia Pacific: Country Analysis 7.3.1. China Diabetic Footwear Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. 7.3.1.2. 7.3.2. By Value Market Share & Forecast 7.3.1.2.1. By Product 7.3.1.2.2. By Distribution Channel Japan Diabetic Footwear Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. 7.3.2.2. By Value Market Share & Forecast 7.3.2.2.1. By Product 7.3.2.2.2. By Distribution Channel 7.3.3. India Diabetic Footwear Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. 7.3.3.2. By Value Market Share & Forecast 7.3.3.2.1. By Product 7.3.3.2.2. By Distribution Channel 5 Table of Contents S. No. Contents Page No. 7.3.4. South Korea Diabetic Footwear Market Outlook 7.3.4.1. Market Size & Forecast 7.3.4.1.1. 7.3.4.2. By Value Market Share & Forecast 7.3.4.2.1. By Product 7.3.4.2.2. By Distribution Channel 7.3.5. Australia Diabetic Footwear Market Outlook 7.3.5.1 Market Size & Forecast 7.3.5.1.1. 7.3.5.2. 8. By Value Market Share & Forecast 7.3.5.2.1. By Product 7.3.5.2.2. By Distribution Channel Europe Diabetic Footwear Market Outlook 8.1. Market Size & Forecast 8.1.1. 8.2. 8.3. By Value Market Share & Forecast 8.2.1. By Product 8.2.2. By End User 8.2.3. By Distribution Channel 8.2.4. By Country Europe : Country Analysis 8.3.1. Germany Diabetic Footwear Market Outlook 6 Table of Contents S. No. Contents 8.3.1.1. Market Size & Forecast 8.3.1.1.1. 8.3.1.2. 8.3.2. Page No. By Value Market Share & Forecast 8.3.1.2.1. By Product 8.3.1.2.2. By Distribution Channel France Diabetic Footwear Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. 8.3.2.2. By Value Market Share & Forecast 8.3.2.2.1. By Product 8.3.2.2.2. By Distribution Channel 8.3.3. United Kingdom Diabetic Footwear Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. 8.3.3.2. By Value Market Share & Forecast 8.3.3.2.1. By Product 8.3.3.2.2. By Distribution Channel 8.3.4. Italy Diabetic Footwear Market Outlook 8.3.4.1. Market Size & Forecast 8.3.4.1.1. 8.3.4.2. By Value Market Share & Forecast 8.3.4.2.1. By Product 8.3.4.2.2. By Distribution Channel 7 Table of Contents S. No. Contents Page No. 8.3.5. Spain Diabetic Footwear Market Outlook 8.3.5.1 Market Size & Forecast 8.3.5.1.1. 8.3.5.2. 9. By Value Market Share & Forecast 8.3.5.2.1. By Product 8.3.5.2.2. By Distribution Channel South America Diabetic Footwear Market Outlook 9.1. Market Size & Forecast 9.1.1. 9.2. 9.3. By Value Market Share & Forecast 9.2.1. By Product 9.2.2. By End User 9.2.3. By Distribution Channel 9.2.4. By Country South America : Country Analysis 9.3.1. Brazil Diabetic Footwear Market Outlook 9.3.1.1. Market Size & Forecast 9.3.1.1.1. 9.3.1.2. 9.3.2. By Value Market Share & Forecast 9.3.1.2.1. By Product 9.3.1.2.2. By Distribution Channel Colombia Diabetic Footwear Market Outlook 8 Table of Contents S. No. Contents 9.3.2.1. Page No. Market Size & Forecast 9.3.2.1.1. 9.3.2.2. By Value Market Share & Forecast 9.3.2.2.1. By Product 9.3.2.2.2. By Distribution Channel 9.3.3. Argentina Diabetic Footwear Market Outlook 9.3.3.1. Market Size & Forecast 9.3.3.1.1. 9.3.3.2. 10. By Value Market Share & Forecast 9.3.3.2.1. By Product 9.3.3.2.2. By Distribution Channel Middle East & Africa Diabetic Footwear Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. 10.3. Market Share & Forecast 10.2.1. By Product 10.2.2. By End User 10.2.3. By Distribution Channel 10.2.4. By Country MEA : Country Analysis 10.3.1. South Africa Diabetic Footwear Market Outlook 10.3.1.1. Market Size & Forecast 9 Table of Contents S. No. Contents 10.3.1.1.1. Page No. By Value Market Share & Forecast 10.3.2. 10.3.1.2.1. By Product 10.3.1.2.2. By Distribution Channel Saudi Arabia Diabetic Footwear Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1. 10.3.2.2. By Value Market Share & Forecast 10.3.2.2.1. By Product 10.3.2.2.2. By Distribution Channel 10.3.3. UAE Diabetic Footwear Market Outlook 10.3.3.1. Market Size & Forecast 10.3.3.1.1. 10.3.3.2. By Value Market Share & Forecast 10.3.3.2.1. By Product 10.3.3.2.2. By Distribution Channel 11. Impact of COVID-19 on Global Diabetic Footwear Market 12. Market Dynamics 13. 12.1. Drivers 12.2. Challenges Market Trends & Developments 10 Table of Contents S. No. 14. Contents Page No. Competitive Landscape 14.1. Podartis S.r.i 14.2. American Aretrex Worldwide, Inc 14.3. Orthofeet Inc 14.4. Drew Shoes (U.S.A) 14.5. Oracle Corp 14.6. Dr. Comfort 14.7. DJO Global Inc (U.S.A) 14.8. Dr Zen Products Inc, (U.S.A) 14.9. Propet USA Inc (U.S.A) 14.10. Darco International 15. Strategic Recommendations 16. About Us & Disclaimer 11 RESEARCH METHODOLOGY Research Methodology Market Profiling In-depth secondary research was conducted to determine top players in the global diabetic footwear market, overall market size and segmental market size. Formulating Questionnaire In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Developing List of Respondents Data Collection Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. List of industry players and industry specialists was developed. Primary Research Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Desk Research ✓ Identifying Key Opinion Leaders Business Solution ✓ Questionnaire Design ✓ ✓ LinkedIn TechSci Internal Database ✓ ✓ ✓ ✓ ✓ Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Company Analysis ✓ Recent Developments ✓ Market Participants ✓ Market Changing Aspects/Dynamics ✓ Key Strengths ✓ Final Conclusion Secondary Research ✓ ✓ The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global diabetic footwear market. ✓ Government Policies ✓ In-depth Interviews Primary Research Data Analysis Paid Sources ✓ ✓ Factiva Hoovers 13 Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global diabetic footwear market outlook. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising adoption of diabetic footwear and speculated a positive growth over the next 5 years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global diabetic footwear market. Methodology Followed for Calculation of Market Size: • Market Size By Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as diabetic footwear manufacturer & supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 Industry experts and other value chain stakeholders in the global diabetic footwear market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2019. 14 Research Methodology • Respondents were asked about the current and future market growth rates, market shares by product, by end user, by distribution channel, by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by product, by end user, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various diabetic footwear markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To global diabetic footwear market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 15 Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ Podartis S.r.i ▪ World Bank ▪ American Aretrex Worldwide, Inc ▪ TechSci Research Proprietary Database & Knowledge ▪ Orthofeet Inc Repository ▪ Drew Shoes (U.S.A) ▪ Company Annual Reports ▪ Oracle Corp ▪ Industry Magazines ▪ Dr. Comfort ▪ Industry Reports ▪ DJO Global Inc (U.S.A) ▪ News Dailies ▪ Dr Zen Products Inc, (U.S.A) ▪ Credible Paid Databases ▪ Propet USA Inc (U.S.A) ▪ Darco International 16 Industry Brief According to TechSci Research report, “Global Diabetic Footwear Market By Product, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, the global diabetic footwear market is projected to cross $ 9.7 billion by 2025 on account of increasing product innovations, rising disposable income and growing adoption of diabetic footwear to minimize the risk of skin breakdown caused by poor circulation, neuropathy and foot deformities. These specially designed shoes are recommended by doctors as they can help reduce risk and promote healthy blood circulation in feet. To meet the recent fashion trends, primarily among women consumers, the leading players are focusing more towards developing customized and fashionable diabetic footwear, which is expected to further drive global diabetic footwear market through 2025. The global diabetic footwear market is segmented based on the product, end-user, distribution channel and region. Based on the distribution channel, the market is bifurcated into Store-based and Non-store based. Until 2019, the store distribution channel segment dominated the diabetic footwear market. This dominance can be attributed to preferred choice by the consumers as well as healthcare professionals towards Store-based purchases as these specially designed shoes require proper fitting and expert guidance before their use, and these requirements are difficult to be fulfilled through online platforms. In terms of end-user, the market can be bifurcated into women and men. Out of which, the men end-user segment dominated the market with a majority share in the diabetic footwear market on account of the higher number of male diabetic patients. However, women diabetic footwear market will be growing at a higher rate than men in the coming years. Increasing focus on research and development is also driving the market. Purdue University’s researchers have developed a shoe insole that can aid in healing the diabetic foot ulcer. Podartis S.r.l., American Aetrex Worldwide, Inc., Orthofeet Inc, Drew Shoes (U.S.), Dr. Comfort, DJO Global Inc (U.S.), Dr. Zen Products, Inc. (U.S.), Propet USA, Inc. (U.S.), DARCO International, I-Runner (U.S.), Finn Comfort (U.S.), Pilgrim shoes (U.S.), Hush Puppies Retail, Inc., New Balance, Inc., and among others are some of the leading players operating in global diabetic footwear market. “North America holds the largest share in the global diabetic footwear market, followed by the Asia-Pacific. Moreover, Asia-Pacific region is projected to register highest CAGR in the coming years which can be attributed to surge in population, increase in ageing population, an increasing number of type 2 diabetic patients, rise in disposable income, and growing awareness about diabetes and its impact on foot health. Also, there is an increasing number of people with the Impaired Glucose Tolerance, which is making people at risk of getting diabetes in future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 17 Sample Data - Snapshot Global Diabetic Footwear Market Size, By Value (USD Million), 2015-2025F 5.00 2015 6.00 8.00 7.00 CAGR By Value XX% 9.00 10.00 2019 2020E 11.00 13.00 12.00 CAGR By Value 14.00 15.00 2025F YY% Europe Diabetic Footwear Market Share, By Product, By Value, 2015-2025F 2025F 2024F 2023F 2022F 2021F 2020E 2019 2018 2017 2016 2015 Shoes 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% Sandals 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% Slippers 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% Germany Diabetic Footwear Market Share, By Distribution Channel, By Value, 2015-2025F Store-based 2025F 2024F 2023F 2022F 2021F 2020E 2019 2018 2017 2016 2015 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Non-store based 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 18 Report Ordering Report Name: GLOBAL DIABETIC FOOTWEAR MARKET FORECAST & OPPORTUNITIES 2015 – 2025 Report Price License Type Price Electronic Access - Single User License $4450 Electronic Access - Multi-User License $5450 Custom Research License $9450 To View Sample OR Purchase Report 19 About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. 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