Asia Pacific Diabetic Socks Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline and Online), By Type (Calf Length, Knee Length and Ankle Length), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Asia Pacific Diabetic Socks Market would witness market growth of 6.3% CAGR during the forecast period (2023-2029).
The most recent advancement in diabetic socks is called "smart socks." In addition to being comfortable for the wearer, these socks have fibre optic sensors that can check the patient's lower legs for humidity, weight, and foot joints to detect any potential ulcers that may form in areas where nerve damage has occurred. As a result, the number of removals and fatalities caused by foot ulcers and contamination, which are common among diabetics, would drop dramatically due to this technical innovation.
The latest innovation in diabetic socks is smart socks. Smart socks use fibre optic sensors to track pressure, wetness, and ankle joints to detect the probable onset of ulcers in areas with nerve damage. As a result, amputations and fatalities caused by foot ulcers & infections can be significantly decreased using intelligent diabetic socks.
One of the key drivers of the market's expansion is the increase in diabetic neuropathy instances in different parts of the world. Diabetes, a condition in which nerves are harmed by high blood sugar levels, begins with a loss of sensation in the legs and feet and can progress to foot ulcers.
In this region, there is a high rate of sedentary and unhealthy lifestyle adoption. 90 million persons (20-79) in the IDF South-East Asia region will have diabetes, according to the International Diabetes Federation. It is anticipated that this figure would increase to 113 million by 2030 and to 152 million by 2045. In the IDF SEA Region, 46 million people have undiagnosed diabetes, which accounts for 51% of the region's adult diabetic population.
The prevalence of obesity & overweight, both of which are risk factors for Type 2 diabetes, is increasing in China as a result of bad diets and a lack of exercise. In China, 7% of adults are obese and more than a third are overweight. Children in China are also at risk for developing diabetes as a result of their unhealthy lifestyles, as more than 4 in 5 teenagers between the ages of 11 and 17 do not engage in enough physical exercise, and the prevalence of childhood obesity and overweight is rising quickly. The regional market for diabetic socks is experiencing additional growth potential as a result of the increased incidence of diabetes.
The China market dominated the Asia Pacific Diabetic Socks Market by Country in 2022; thereby, achieving a market value of $37.6 million by 2029. The Japan market is estimated to grow at a CAGR of 5.7% during (2023 - 2029). Additionally, The India market would experience a CAGR of 7% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Calf Length, Knee Length and Ankle Length. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Diabetic Socks Market is Projected to reach USD 463.9 Million by 2029, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Enovis Corporation, I-Runner (Healer Health LLC), Orthofeet, Inc., Knit-Rite, LLC, Drew Shoe Corporation, Creswell Sock Mills, HJ Sock Group Ltd. (Pantherella International Group Ltd), Syounaa (Nishikaa Garments International LLP), and Simcan Enterprises Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Calf Length
- Knee Length
- Ankle Length
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Enovis Corporation
- I-Runner (Healer Health LLC)
- Orthofeet, Inc.
- Knit-Rite, LLC
- Drew Shoe Corporation
- Creswell Sock Mills
- HJ Sock Group Ltd. (Pantherella International Group Ltd)
- Syounaa (Nishikaa Garments International LLP)
- Simcan Enterprises Inc.
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