In 2021, the market for Foot Orthotic Insoles worldwide was worth $3.5 billion US dollars. AMR Group projects that the market will reach US$ 5.8 billion by 2031, growing at a CAGR of 6.9 percent between 2022 and 2031.
Foot orthotic insoles, also known as orthotic inserts, are shoe inserts designed to provide support and cushioning to the feet. These insoles are custom-made to fit the specific foot size and shape of the wearer, and they are used to address a wide range of foot and lower limb problems, such as plantar fasciitis, flat feet, high arches, over pronation, and supination. Orthotic insoles work by redistributing pressure across the foot, providing arch support, and cushioning the heel and forefoot. They can be made of various materials, including foam, gel, cork, and leather, and they can be used in different types of footwear, such as athletic shoes, dress shoes, and sandals.
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Market Segmentation:
The foot orthotic insoles market can be segmented based on product type, material, and end user.
By product type:
Prefabricated insoles
Customized insoles
By material:
Leather
Cork
Foam
Gel
Others
By end user:
Sports and athletics
Medical
Comfort
The customized insoles segment is expected to hold a larger share of the market due to the increasing demand for customized orthotic solutions. The foam segment is expected to hold the largest share of the market based on material due to its cost-effectiveness and easy availability. The sports and athletics segment is expected to hold the largest share of the market based on end user due to the increasing participation in sports activities and the demand for foot orthotic insoles for sports-related injuries.
Key Players:
Superfeet Worldwide Inc.
Bauerfeind AG
Hanger Inc.
Aetrex Worldwide Inc.
Footbalance System Ltd.
Ottobock SE & Co. KGaA
Implus Corporation
Dr. Scholl’s
Birkenstock Orthopädie GmbH & Co. KG
Comfortfit Orthotic Labs Inc.
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Regional Analysis:
The global foot orthotic insoles market is segmented into several regions, including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for foot orthotic insoles due to the high prevalence of foot-related disorders and the increasing aging population. The region also has a well-established healthcare system, which has led to higher awareness about the importance of foot health and the availability of foot orthotic insoles. Europe is also a significant market for foot orthotic insoles due to the high healthcare spending and the presence of key market players in the region. The growing prevalence of foot-related disorders such as plantar fasciitis and Achilles tendinitis is expected to drive the demand for foot orthotic insoles in the region.
The Asia-Pacific region is expected to witness significant growth in the foot orthotic insoles market due to the increasing population and the rising prevalence of lifestyle-related diseases. The region also has a large pool of diabetic patients, which is expected to drive the demand for foot orthotic insoles. Latin America and Middle East & Africa are also expected to witness significant growth in the foot orthotic insoles market due to the increasing healthcare spending and the growing awareness about the importance of foot health in these regions.
Reasons to Purchase Foot Orthotic Insoles Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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