Global Smart Socks Market By Product Type (Step Counting Socks, Speed Tracking Socks, Distance Tracking Socks), Category (Men, Women, Kids), Distribution Channel (Online Stores, Offline Stores), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Smart Socks Market
Smart socks market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to grow at a CAGR of 7.70% in the above-mentioned forecast period. The rising prevalence of venous diseases has been directly impacting the growth of smart socks market.
The prospective to avoid foot ulceration and dropping the number of amputations based on early detection of pre-ulcerative areas is expected to have a significant impact on the demands smart socks market in the forecast period of 2020 to 2027. Other impactful reason for the increased usage of smart socks has been the rising geriatric population, increasing diabetic population base and growing innovations in smart socks products such as recognition of tenderness and injury of feet & product invention. On the other hand, rising advancement in smart apps regarding smart socks will foster various new opportunities that will lead to the growth of the smart socks market in the above mentioned forecast period.
High cost of smart socks and lack of awareness amongst people regarding smart socks will act as major restraints to the growth of the smart socks market in the above mentioned forecast period.
This smart socks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart socks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Socks Market Scope and Market Size
Smart socks market is segmented on the basis of product type, category and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the smart socks market is segmented into step counting socks, speed tracking socks, and distance tracking socks.
- Based on category, the smart socks market is segmented into men, women and kids.
- Smart socks market has also been segmented based on the distribution channel into online stores and offline stores.
Smart Socks Market Country Level Analysis
Smart socks market is analyzed and market size insights and trends are provided by country, product type, category and distribution channel as referenced above.
The countries covered in the smart socks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart socks market due to the rising geriatric population in the region, while Europe is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the increasing inventive and interdisciplinary technologies and products in this particular region.
The country section of the smart socks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Smart socks market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for smart socks market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the smart socks market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Smart Socks Market Share Analysis
Smart socks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart socks market.
The major players covered in the smart socks market report are Adidas AG, Nike Inc., Puma SE, Thai Socks Co. Ltd., upron, ASICS Asia pte Ltd., Renfro Corporation, Sensoria, BSN Medical, Therafirm, SIGVARIS, SIMCAN, 3M, Veba Inc., Siren, Intersocks, THORLO, Inc., Hanesbrands Inc., Balega, Drymax Technologies Inc., and Under Armour, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.