DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Diabetic Footwear Market 2017-2021" report has been added to Research and Markets' offering.
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.
Other prominent vendors
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
Research and Markets
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