North America Diabetic Shoes (Footwear) Market Trends with Global Growth Rate 2021 | Development Status Forecast by Regions 2025 | Says Kenneth Research

Kenneth Research has recently added a report titled North America 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 North America Diabetic Shoes market is further anticipated to grow with a CAGR of XX 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 the ageing population and spiked diabetic people bracket, the demand for ortho/diabetic shoes is projected to see a great demand in the region. The diabetic footwear market in the United States was valued at USD 1112.0 Million in 2015 and it is anticipated that the market would increase at a healthy compound annual growth rate (CAGR) by 2025. The total population of diabetic patients in the U.S. has augmented from 5.5 million in 1982 to 22.0 million in 2014. Owing to this augmented growth of the diabetic population, the risk of foot ulcers and neuropathy has also increased significantly in the previous few years.

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

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Diabetes is also one of the prominent causes of lower-limb amputations in the U.S. At present, the U.S. is a home to around 2 million people surviving with amputations (limb losses) and according to an estimate around 185,010 limb losses occurs every year in the U.S. According to the Center for Disease Control and Prevention (CDC), it is estimated that one out of every three adults in the U.S. would suffer from diabetes by the end of 2050. With this rise in the number of diabetic cases in the country, the risk of lower limb amputations would also soar in the future.

In order to reduce the chances of amputations caused by diabetes, there is a great need of taking proper foot care measures like wearing the right kind of footwear by the people. These measures and practices would surely help to fuel the market of diabetic footwear in the region. The therapeutic/diabetic footwear market in Canada is anticipated to witness a continuous rise in the year-on-year (y-o-y) growth rate from 4.6% in 2015 to 6.5% in 2017. However, the diabetic shoes demand growth rate is expected to decline by 0.8 percentage points from 7.09% in 2020 to 6.3% in 2021.

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

The report studies the demand 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 U.S., Canada & Mexico has been studied based on the online & offline channels. Offline distribution channels further have been studied into specialty stores, clinics & street stores. 

Table of Content:

  • Executive Summary
  • Research Methodology
  • North America Diabetic Shoes/Footwear Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  •  North America 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-:

“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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