Asia-Pacific Diabetic Shoes (Footwear) Market Analysis 2021: Opportunities and Research by Global Business Demand Status, forecast to 2025 | Says Kenneth Research

Kenneth Research has recently added a report titled Asia-Pacific Diabetic Shoes market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2025. The Asia-Pacific Diabetic Shoes market is further anticipated to grow with a CAGR of 8% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

On the back of expanding the diabetic population across the continent, the demand for ortho shoes has spiked in recent years. Countries like Singapore and Australia have diabetic prevalence >10%. As a result, the demand for diabetic footwear is mounting every year. Singapore, in spite of being a small Asian country, is estimated to witness a burgeoned increase in the diabetic footwear and the demand for diabetic shoes is projected to register a healthy CAGR of >8% during 2015-2021. This growth would be backed up by a high prevalence rate of diabetes in the country, which rose from 11.4% in 2010 to 14.8% in 2014. The situation has made the country worried about its future generation and epidemics caused due to beefed-up diabetic prevalence.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10000034

In addition to that, Japan is also projected to have a modest demand for ortho shoes in the country. Japan holds the sixth largest population of diabetic patients in the world and the country has witnessed a nominal growth in the total diabetic population from 2011- 2014. The total number of diabetic patients in the country was 7.1 million in 2012, which slightly rose to 7.21 million in 2014.

Currently, Japan is one of the fastest aging nations of the world with 26% of the country’s population aging 65 years or above. Further, there is a huge disparity in the birth and mortality rates in the country. The mortality rate is very high due to the aged population and the birth rate is comparatively very low. All these factors combined, a great market for diabetic footwear is projected to open new avenues in the near future.

The report studies the demand and opportunity on the basis of inpatient and outpatient in the region which further has been granule to the country data. In addition to that, to understand the most profitable distribution model in the region, the market for China, India, Japan, Singapore, Australia, etc. has been studied based on the online & offline channels. Offline distribution channels further have been studied into a specialty store, clinics & street stores. 

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Table of Content:

  • Executive Summary
  • Research Methodology
  • Asia-Pacific Diabetic Shoes/Footwear Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?
  • What are the recent trends in the regional market and how successful they are?

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10000034

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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