Data Bridge Market Research analyses that the smart socks market which is expected to undergo a CAGR of 8.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The smart socks detect rising distress in people with dementia, autism, and other communication disorders, allowing caregivers to intervene before things worsen. They monitor the wearer's heart rate, sweat levels, and motion to determine their overall health. Smart socks have a variety of sensors and can connect to different mobile devices. These smart socks may exert pressure on the legs' acupuncture sites and aid in promoting blood circulation. Smart socks may also hold onto water, keeping feet dry and fresh.
Market Definition
The smart socks comfortably wraps around the baby’s foot to track oxygen levels, heart rate and sleep using clinically-proven pulse oximetry. The base station glows green to let you know everything is okay but notifies with lights and sounds if heart rate or oxygen levels leave preset zones. Socks are a pair of knitted or woven foot coverings to prevent shoes from rubbing against bare feet. A range of fabrics, including cotton, wool, nylon, acrylic, polyester, olefins, spandex, silk, bamboo, linen, cashmere, and mohair, are used to make them depending on the needs and weather. For instance, in cold climates, wool thermal socks are used to keep the foot warm and avoid frostbite. In addition, diabetic socks made with unique yarns reduce the abrasion and shear stresses on the skin, which is one of the symptoms of diabetes.
Drivers
- Rise in Product development
In 2018, Kickstarter, PBC has launched 10 designed socks under the brand. Also, in May 2018, United Legwear and Apparel Co., LLC, has launched 150 styles of men and women socks in their online portals.
The smart socks market is anticipated to increase as a result of product improvements in the injury areas of foot, product improvisation, and comfort for diabetes patients. The smart socks also include an antibacterial fabric with moisture evaporation properties. During the forecast period, it is anticipated that this aspect will promote the market for smart socks.
- Increasing demand of compression socks
Compression socks are usually worn by athletes during sports activities to boost oxygen supply and blood flow and reduce jarring, vibration, and stress to the muscles, and ultimately improve stamina and performance.
Aside from these factors, the market is expanding as a result of increased diabetes prevalence and growing public awareness about the impact of diabetes on patients' feet, which is also contributing to market growth. Furthermore, diabetic socks are becoming the preferred option because they improve blood circulation, keep the feet warm and dry, and reduce the risk of foot injury.
Some of the major players operating in the smart socks market are:
- Adidas AG (Germany)
- Nike Inc. (U.S.)
- Puma SE (Germany)
- Thai Socks Co. Ltd. (Thailand)
- ASICS Asia pte Ltd. (Singapore)
- Sensoria Inc. (U.S.)
- SIGVARIS (Switzerland)
- SIMCAN (India)
- 3M (U.S.)
- INTERSOCKS (Italy)
- Thorlos (U.S.)
- Hanesbrands Inc. (U.S.)
- Balega (U.S.)
- Drymax Technologies Inc. (U.S.)
- Under Armour, Inc. (U.S.)
- Renfro LLC (U.S.)
- BSN HEALTHCARE PVT LTD.(Germany)
- Therafirm (U.S.)
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