Published on : Sep 19, 2019
Albany, New York, September 19, 2019: According to WHO, Diabetes has affected millions of people and the number has risen from 108 million to 422 million from 1980 to 2014. Diabetes directly impacts the well-being and productivity. Reducing pressure within the legs with external application is an effective method in Diabetes treatment. Diabetic socks are based on this principle and are popular as hassle free treatment of Diabetes.
A report estimates expansion in Diabetic socks market at a CAGR of ? 6%, during the forecast period. All the insights shared are from the intelligence report, titled, “Diabetic Socks Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2019-2027” the recent addition to the Market Research Hub’s (MRH) ever-expanding repository
A slew of factors such as rise in Diabetes cases, venous disorders and increasing geriatric population contribute to the growth in Diabetic socks market. A sizeable elder population in China and Japan is the biggest driver for the market. Introduction to technology also drives the diabetic socks market ahead.
Asia Pacific faces unprecedented demand growth
Asia Pacific and North America are the prominent regions contributing in Diabetic socks market. The Asia Pacific demographic suggests an unprecedented growth in Diabetic socks demand owing to rising income levels and health awareness. Elsewhere, booming manufacturing base in North America commits to its contribution in the diabetic socks market.
Direct-to-customer shipping begins revolution
Distribution Channel trends underscore consumer inclination towards offline purchase of diabetic socks. A study reports that the offline distribution channels such as retail stores, clinics and pharmacies, together generated ?73% of the global revenue in 2018. Direct-to-customer shipping is revolutionizing the distribution channel by connecting stakeholders directly with the customers.
Key players in Diabetic socks market include BSN Medical, Therafirm, Siren Intersocks, Cupron and Dr Scholls.
Diabetic Socks market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Diabetic Socks market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Diabetic Socks market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Diabetic socks.
An insightful and deep-dive assessment of the competitive assessment of the Diabetic Socks market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Diabetic Socks market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Diabetic Socks market: Research Methodology
Primary sources and secondary sources propel intelligence report on Diabetic Socks market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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