Increase in the geriatric population across the countries like U.S., Canada, and Japan, rise in the prevalence of diabetes due to increased consumption of junk food, and sedentary lifestyle drive the global diabetic socks market
PORTLAND, Oregon, May 25, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Diabetic Socks Market by Type (Ankle Length, Calf Length, and Knee Length) and Sales Channel (Offline Channels and Online Channels): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global bread improvers industry garnered $292.5 million in 2018, and is estimated to reach $435.4 million by 2026, registering a CAGR of 5.4% from 2019 to 2026.
Drivers, restraints, and opportunities
Increase in the aging population and rise in the prevalence of diabetes drive the global diabetic socks market. However, lack of awareness toward diabetic socks restrains the market growth. On the other hand, brand expansion and budding role of e-commerce in diabetic socks create new opportunities in the coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6390
The calf length segment to dominate throughout the forecast period
Based on type, the calf length segment accounted for more than half of the total share of the global diabetic socks market in 2018, and is expected to maintain its lead status in terms of revenue throughout the forecast period. In addition, the segment is estimated to portray the fastest CAGR of 5.7% from 2019 to 2026. This is attributed to increased demand and usage of calf length diabetic socks that help in relieving pain and treat medical condition in one's lower leg such as varicose veins, aching feet, or other blood circulation issues up to calf length.
The online channels segment held lion's share during the forecast period
Based on sales channel, the offline channels segment contributed to the highest market share, accounting for more than four-fifths of the global diabetic socks market share in 2018, and is estimated to maintain its leadership position during the forecast period. This is attributed fact that offline channels such as physical stores that allow the customers to check and test the merchandise before purchasing, which enhances the consumer shopping experience. However, the online channels segment is estimated to generate the fastest CAGR of 6.1% from 2019 to 2026. This is due to time-saving features, easy availability of information about diabetic socks, and the facility of home delivery.
North America to maintain its dominant by 2026
Based on region, North America accounted for the highest share, holding for more than two-fifths of the global diabetic socks market in 2018, and is projected to maintain its dominant position throughout the forecast period. This is attributed to surge in cases of diabetes patients across the region. However, Asia-Pacific is estimated to portray the fastest CAGR of 6.4% from 2019 to 2026, owing to rapid increase in prevalence of diabetes because of sedentary lifestyle and increased consumption of junk food.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6390
Leading market players
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research