Oct 4, 2017   SOURCE: PR NewsWire

Global Diabetic Footwear Market 2017-2021: Segmentation By Distribution Channel

DUBLIN, October 4, 2017 /PRNewswire/ --

The "Global Diabetic Footwear Market 2017-2021" report has been added to Research and Markets' offering.

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The report forecasts the global diabetic footwear market to grow at a CAGR of 7.82% during the period 2017-2021.

The report, Global Diabetic Footwear Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the availability of products online. Diabetic footwear is comparatively a difficult category to shop for online due to the nature of their use and the absence of prior product knowledge. However, with retailers concentrating on enhancing the online shopping experience through targeted marketing and effective online education, there has been improvement in online sales. This has increased the comfort level of consumers to buy products online for this category. Many sites now have live chat options to instantly address queries, which was not possible earlier with online purchases. Vendors are interacting with consumers frequently to provide consumers health education.

According to the report, one of the major drivers for this market is the rise in income level of consumers. The per capita disposable income exhibits low volatility in developed countries because of a spike in double-income households. This increases the purchasing power of such households. The disposable income is increasing globally, especially at a fast rate in developing countries such as India, China, Brazil, Malaysia, Indonesia, and Vietnam. This results in significant opportunities for companies present in developing countries; companies in developed countries also have the opportunity to expand their businesses in these regions, thereby affecting their market growth.

Further, the report states that one of the major factors hindering the growth of this market is the low penetration in developing countries. Due to the lack of advanced healthcare facilities and well-structured stores, patients in many developing countries, especially in rural areas, are not able to avail healthcare products such as diabetic footwear, thus impacting the market negatively. The limited number of multispecialty and superspecialty hospitals and lack of skilled physicians, nurses, and other service providers affect healthcare service, including diabetic treatment. Further, the limited number of medical studies and healthcare practices restricts the growth in the number of skilled medical professionals. Thus, marginal patientcare results in the slow growth of the market.

Key vendors

    --  Aetrex Worldwide
    --  DARCO International
    --  OrthoFeet
    --  Podartis

Other prominent vendors

    --  Dr. Comfort
    --  Dr. Zen
    --  New Balance
    --  Propt USA

    --  Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Distribution Channel

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/rpw4tj/global_diabetic

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SOURCE Research and Markets