Global Diabetic Footwear global market 2024, Forecast To 2033

The diabetic footwear market has experienced rapid growth, increasing from $7.86 billion in 2023 to $8.67 billion in 2024, with a compound annual growth rate (CAGR) of 10.3%. Historical growth is attributed to factors such as the prevalence of diabetes, an aging population, complications related to diabetic foot health, the emphasis on footwear comfort and support, and a growing awareness of health issues. Looking ahead to 2028, the market is expected to witness strong growth, reaching $12.58 billion, maintaining a 9.8% CAGR. Anticipated factors contributing to growth include increased diabetic foot health education, the demand for footwear suitable for active lifestyles, the use of sustainable and eco-friendly materials, expansion into emerging markets, and the growing adoption of non-invasive monitoring technologies. Major trends in the forecast period include the rise of personalized orthopedic footwear, technological innovations in footwear, telehealth and remote consultations, continued technological advancements, and strategic partnerships.