7 January 2019 – The Global Diabetic Socks Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. The primary features driving the growth of the market are growing governments’ attention being conscious on diabetes treatment, diabetic neuropathy, growing global healthcare expenditure, increasing demand for diabetic socks owing to the rise in the occurrence of diabetes across the globe, and changes in existence that upsurge the possibility of genomic mutations. However, higher costs related to diabetic socks will limit revenue growth of the diabetic socks.
Diabetic Socks Market is categorized based on product type, distribution channel, material type, applications, and geography. Diabetic Socks Industry is categorized based on product types such as Regular socks, Smart socks. Diabetic Socks Industry is categorized based on material type into Polyester, Cotton, Nylon, Spandex, Lycra, Others. Diabetic Socks Market is categorized based on distribution channel into Online Stores, Retail Stores, Clinics, Modern Trade, Pharmacies, Other healthcare facilities. Diabetic Socks Industry is categorized based on application into Men, Women.
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Diabetic Socks Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to the market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Diabetic Socks Market include Aertex, Eco Sox, Orth feet, Therafirm, Foot Zen, Smart Knit, JOBST USA, Pedors, MediPeds. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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