The North America Diabetic Socks Market would witness market growth of 5.2% CAGR during the forecast period (2023-2029).
Diabetic socks are made to promote blood flow, decrease the incidence of foot injuries, and keep the feet dry. The product has many benefits, like antibacterial, preventing fungal infections, using a moisture-wicking material, and more. The prevalence of numerous foot conditions, such as plantar fasciitis, bunions, and diabetic neuropathy, has increased product consumption. Additionally, as more people get prediabetes, they become more cautious and willing to use certain treatments to avoid developing diabetes, contributing to the demand for the product.
When the pancreas is unable to create enough insulin or when the body cannot properly use the insulin that is produced, diabetes develops. In both emerging and developed regions, the number of people with diabetes has increased significantly during the past few decades. Diabetes and its associated complications are serious, costly, and even fatal. Amputation, stroke, renal damage, blindness, heart disease, and heart disease are some serious medical conditions associated with diabetes.
Due to reasons including the rising prevalence of diabetes and increased public awareness of diabetic foot ulcers, among other things, North America is predicted to hold a sizable market share. According to CDC's preliminary projections for 2019, 37.3 million Americans of all ages—or 11.3% of the population—had diabetes. With age, the proportion of persons with diabetes rose, reaching 29.2% among those 65 and older.
The American Diabetes Association claims that the rising prevalence of diabetes over the past five years has resulted in a 26% rise in healthcare costs in the United States. In addition, diagnoses of type 1 and type 2 diabetes among young people in the US have significantly increased. During the forecast period, the use of diabetic socks is expected to increase due to the growing healthcare burden associated with diabetic foot ulcers in North America. In addition, demand is also rising as more people in the United States, Canada, and Mexico are becoming aware of diabetic foot ulcers.
The US market dominated the North America Diabetic Socks Market by Country in 2022; thereby, achieving a market value of $122 million by 2029. The Canada market is anticipated to grow at a CAGR of 7.6% during (2023 - 2029). Additionally, The Mexico market would register a CAGR of 6.7% 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 U.S., Mexico, Canada, and Rest of North America.
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
By Type
- Calf Length
- Knee Length
- Ankle Length
By Country
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Diabetic Socks Market, by Distribution Channel
1.4.2 North America Diabetic Socks Market, by Type
1.4.3 North America Diabetic Socks Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Diabetic Socks Market by Distribution Channel
3.1 North America Offline Market by Country
3.2 North America Online Market by Country
Chapter 4. North America Diabetic Socks Market by Type
4.1 North America Calf Length Market by Country
4.2 North America Knee Length Market by Country
4.3 North America Ankle Length Market by Country
Chapter 5. North America Diabetic Socks Market by Country
5.1 US Diabetic Socks Market
5.1.1 US Diabetic Socks Market by Distribution Channel
5.1.2 US Diabetic Socks Market by Type
5.2 Canada Diabetic Socks Market
5.2.1 Canada Diabetic Socks Market by Distribution Channel
5.2.2 Canada Diabetic Socks Market by Type
5.3 Mexico Diabetic Socks Market
5.3.1 Mexico Diabetic Socks Market by Distribution Channel
5.3.2 Mexico Diabetic Socks Market by Type
5.4 Rest of North America Diabetic Socks Market
5.4.1 Rest of North America Diabetic Socks Market by Distribution Channel
5.4.2 Rest of North America Diabetic Socks Market by Type
Chapter 6. Company Profiles
6.1 Enovis Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 I-Runner (Healer Health LLC)
6.2.1 Company Overview
6.3 Orthofeet, Inc.
6.3.1 Company Overview
6.4 Knit-Rite, LLC
6.4.1 Company Overview
6.5 Drew Shoe Corporation
6.5.1 Company Overview
6.6 Creswell Sock Mills
6.6.1 Company Overview
6.7 HJ Sock Group Ltd. (Pantherella International Group Ltd)
6.7.1 Company Overview
6.8 Syounaa (Nishikaa Garments International LLP)
6.8.1 Company Overview
6.9 Simcan Enterprises Inc
6.9.1 Company Overview
TABLE 1 North America Diabetic Socks Market, 2019 - 2022, USD Million
TABLE 2 North America Diabetic Socks Market, 2023 - 2029, USD Million
TABLE 3 North America Diabetic Socks Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 4 North America Diabetic Socks Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 5 North America Offline Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Offline Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Online Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Diabetic Socks Market by Type, 2019 - 2022, USD Million
TABLE 10 North America Diabetic Socks Market by Type, 2023 - 2029, USD Million
TABLE 11 North America Calf Length Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Calf Length Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Knee Length Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Knee Length Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Ankle Length Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Ankle Length Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Diabetic Socks Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Diabetic Socks Market by Country, 2023 - 2029, USD Million
TABLE 19 US Diabetic Socks Market, 2019 - 2022, USD Million
TABLE 20 US Diabetic Socks Market, 2023 - 2029, USD Million
TABLE 21 US Diabetic Socks Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 22 US Diabetic Socks Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 23 US Diabetic Socks Market by Type, 2019 - 2022, USD Million
TABLE 24 US Diabetic Socks Market by Type, 2023 - 2029, USD Million
TABLE 25 Canada Diabetic Socks Market, 2019 - 2022, USD Million
TABLE 26 Canada Diabetic Socks Market, 2023 - 2029, USD Million
TABLE 27 Canada Diabetic Socks Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 28 Canada Diabetic Socks Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 29 Canada Diabetic Socks Market by Type, 2019 - 2022, USD Million
TABLE 30 Canada Diabetic Socks Market by Type, 2023 - 2029, USD Million
TABLE 31 Mexico Diabetic Socks Market, 2019 - 2022, USD Million
TABLE 32 Mexico Diabetic Socks Market, 2023 - 2029, USD Million
TABLE 33 Mexico Diabetic Socks Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 Mexico Diabetic Socks Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 35 Mexico Diabetic Socks Market by Type, 2019 - 2022, USD Million
TABLE 36 Mexico Diabetic Socks Market by Type, 2023 - 2029, USD Million
TABLE 37 Rest of North America Diabetic Socks Market, 2019 - 2022, USD Million
TABLE 38 Rest of North America Diabetic Socks Market, 2023 - 2029, USD Million
TABLE 39 Rest of North America Diabetic Socks Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 40 Rest of North America Diabetic Socks Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 41 Rest of North America Diabetic Socks Market by Type, 2019 - 2022, USD Million
TABLE 42 Rest of North America Diabetic Socks Market by Type, 2023 - 2029, USD Million
TABLE 43 Key Information – Enovis Corporation
TABLE 44 Key Information – I-Runner
TABLE 45 Key Information – Orthofeet, Inc.
TABLE 46 Key Information – Knit-Rite, LLC
TABLE 47 Key Information – Drew Shoe Corporation
TABLE 48 Key Information – Creswell Sock Mills
TABLE 49 Key Information – HJ Sock Group Ltd.
TABLE 50 Key Information – syounaa
TABLE 51 Key Information – Simcan Enterprises Inc
List of Figures
FIG 1 Methodology for the research