The global gel socks market size is poised to grow by USD 147.56 million during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio announced its latest market research report titled global gel socks market 2019-2023. (Graphic: Business Wire)
The spa industry has grown tremendously over the last few years owing to the growing disposable income, mounting stress levels, and rapidly changing consumer preferences. Moreover, a rise in the number of spa centers offering premium customized services has garnered considerable attention of customers. This, in turn, has positively enhanced the market for gel socks, which are used for in-home spa activities. Further, the growth of the global wellness market, which includes fitness gyms and day spas, is also fueling the growth prospects of the gel socks market.
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As per Technavio, the increasing use of gel socks as diabetic socks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Gel Socks Market: Increasing Use as Diabetic Socks
The number of diabetes patients is increasing at a significant rate owing to factors such as the rapidly changing lifestyle. This is resulting in the increased demand for diabetic socks, as they are instrumental in keeping the feet dry, decreasing the risk of a foot injury, and improving blood circulation. The diabetic socks comprise of a gel padding, which can help in protecting the foot from injury and reducing sensitivity and irritation. Thus, the increasing prevalence of diabetes will escalate the demand for diabetic socks, which will lead to significant growth of the global gel socks market during the forecast period.
“Gel socks are growing in popularity as an ideal alternative to expensive creams and lotions, which could be messy to carry while traveling. These socks provide spa-level hydration and help in curing dry and deeply cracked heels. Gel socks contain a unique combination of ingredients, including vitamin E, olive oil, and lavender essence. Such benefits of gel socks will propel their demand during the forecast period,” says a senior analyst at Technavio.
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Gel Socks Market: Segmentation Analysis
This market research report segments the gel socks market by application (non-medical, and medical), distribution channel (online, and offline), and geographic regions (Europe, APAC, North America, South America, and MEA).
The European region led the market in 2018, followed by APAC, North America, South America, and MEA, respectively. The growth of the gel socks market share in Europe can be attributed to several factors such as increasing demand for natural products, and the high prevalence of diabetes in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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