Intelligencemarketreport.com Releases New Market Research Report On “Diabetic socks Market – Global Research Report 2021-2027 “.
Diabetic Socks Market is valued at around USD 207.7 million in 2020 and is expected to grow with a healthy growth rate of over 5.5% during the forecast period 2021-2027. Diabetes is a syndrome that occurs when nerves are destroyed due to high blood sugar. It begins with a loss of sensation in the feet and legs and can progress to foot ulcers. According to the American Diabetes Association, about 50% of people with type 2 diabetes and 20% of people with type 1 diabetes have suffered nerve damage. Diabetic socks provide the necessary support and modest compression to the legs and feet, making them a preventative measure. During the forecast period, the growing awareness of the benefits of these socks is likely to increase the demand. The market is expected to be driven by an increase in the number of diabetic patients worldwide. According to Diabetes UK, around 415 million people worldwide had diabetes in 2019, or 1 in 11 of the global adult population. By 2040, the number of people living with diabetes globally is expected to reach 642 million.
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The main company profiles included in this report are:
BSN Medical SIGVARIS SIMCAN 3M Syounaa HangZhou Aidu Trading Co., Ltd. Soyad Brothers LLC. DJO, LLC PediFix Inc. Cupron
The Diabetic Socks market research study examines the market estimates and forecasts in detail. It also assists in the execution of these findings by demonstrating tangible benefits to business stakeholders and industry leaders. Every business needs to anticipate how their product will be used in the future. Given the current state of uncertainty caused by the COVID-19 scenario, this research is essential to better understand previous disruptions and increase preparedness for next steps in decision-making. The most recent study attempts to simplify the complex market for business leaders by providing strategic insights and being resilient under unexpected conditions.
On a global and regional level, the research report provides projections and analysis for the Diabetic Socks market. The research covers historical data as well as a revenue forecast (millions USD). The report examines the drivers and restraints of the market, as well as their impact on demand in the future. The research also examines global and regional market opportunities. The report explores in depth the many drivers, limitations and opportunities of the markets. The main drivers of the report are explored along with their impact on the growth of the industry in recent years and years to come. In addition, the company’s substantial development potential will help to understand the rapidly changing dynamics of the industry and to develop future strategies.
By segmenting the Diabetic Socks market by type, application, and geography, the study provides a critical perspective on the market. All market segments were examined in terms of current and future developments. This study will determine the most profitable sub-segments in terms of revenue contribution for both the base year and the forecast year. The report also includes the fastest growing sub-segments and their major growth drivers.
Diabetic Socks Market Segmentation Listed Below:
By product: Ankle length Calf length Knee length
By distribution channel: Hypermarkets Pharmacies & Drugs E-commerce Others
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The aim of this study is to provide market players with a complete picture of the competitive landscape in the Diabetic Socks market, as well as an overview of Porter’s Five Forces model for the industry. The study includes a market attractiveness analysis, in which all segments are assessed in terms of market size, growth rate and overall attractiveness.
The study examines key strategic market developments such as acquisitions and mergers, new product launches, agreements, partnerships, collaborations and joint ventures, research and development, and geographic expansion of major competitors in the market. Diabetic Socks market globally and regionally.
Table of contents – Main key points
Chapter 1. Executive summary 1.1. Market overview 1.2. Global and Segment Market Estimates & Forecasts, 2019-2027 (USD Million) 1.2.1. Diabetic Socks Market, by Region, 2019-2027 (USD Million) 1.2.2. Diabetic Socks Market, By Product, 2019-2027 (USD Million) 1.2.3. Diabetic Socks Market, By Distribution Channel, 2019-2027 (USD Million) 1.3. Key trends 1.4. Estimation methodology 1.5. Research hypothesis
Chapter 2. Definition and Scope of Global Diabetic Socks Market 2.1. Objective of the study 2.2. Definition and scope of the market 2.2.1. Scope of the study 2.2.2. Evolution of the industry 2.3. Years taken into account for the study 2.4. Currency conversion rates
Chapter 3. Global Diabetic Socks Market Dynamics 3.1. Impact Analysis of Diabetic Socks Market (2019-2027) 3.1.1. Market drivers 220.127.116.11. Increase in the aging of the population and increase in the prevalence of diabetes 18.104.22.168. Increase in per capita income and increase in expenditure on diabetes treatment 3.1.2. Market restriction 22.214.171.124. Lack of awareness of diabetic socks 3.1.3. Market opportunities 126.96.36.199. Emerging role of e-commerce and brand expansion in diabetic socks
Chapter 4. Industry Analysis of Global Diabetic Socks Market 4.1. Porter’s 5 forces model 4.1.1. Bargaining power of suppliers 4.1.2. Bargaining power of buyers 4.1.3. Threat of new entrants 4.1.4. Threat of substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic approach to Porter’s 5 forces model (2018-2027) 4.2. PEST analysis 4.2.1. Policy 4.2.2. Economic 4.2.3. Social 4.2.4. Technological 4.3. Investment adoption model 4.4. Analyst’s recommendation and conclusion
Chapter 5. Global Diabetic Socks Market, By Product 5.1. Market overview 5.2. Global Diabetic Socks Market by Product, Performance – Potential Analysis 5.3. Global Diabetic Socks Market Estimates and Forecast by Product 2018-2027 (USD Million) 5.4. 5.4.1 Diabetic Socks Market, Sub-Segment Analysis. Ankle length 5.4.2. Calf
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