The Foot Orthotic Insoles Global Market Report 2023, provides comprehensive information on the foot orthotic insoles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Foot Orthotic Insoles Global Market Report 2023, the global foot orthotic insoles market size is expected to grow from $3.29 billion in 2022 to $3.55 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global foot orthotic insole market size is expected to reach $4.72 billion in 2027 at a CAGR of 7.4%.
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Product innovation is the key trend gaining popularity in the foot orthotic insoles market. Major companies operating in the foot orthotic insoles market are focusing on developing innovative products to sustain their market position. For instance, in May 2022, New Balance, a US-based sports footwear and apparel manufacturer, launched casual therapeutic cushion insoles, a new insole shaped by Superfeet. The unique feature of casual therapeutic cushion insoles is the design, which uses extra-soft foam that conforms to the foot and offers relief to people with sensitive feet. The foot is supported while moving due to the flexible construction and heel-to-toe cushioning that cradles the foot to relieve discomfort. The insoles are created using hypoallergenic materials to accommodate sensitive skin.
The foot orthotic insoles market is segmented:
1) By Type: Prefabricated, Customized
2) By Material: Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethylene-vinyl Acetate, Gel, Other Materials
3) By Application: Medical, Sports And Athletics, Personal
4) By Distribution Channel: Drug Stores, Hospitals And Specialty Clinics, Online Stores, Other Distribution Channels
North America was the largest region in the foot orthotic insoles market in 2022.
The table of contents in TBRC’s foot orthotic insoles market report includes:
1. Executive Summary
2. Foot Orthotic Insoles Market Characteristics
3. Foot Orthotic Insoles Market Trends And Strategies
4. Foot Orthotic Insoles Market – Macro Economic Scenario
5. Foot Orthotic Insoles Market Size And Growth
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26. Africa Foot Orthotic Insoles Market
27. Foot Orthotic Insoles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foot Orthotic Insoles Market
29. Foot Orthotic Insoles Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Hanger Inc.
- Implus LLC
- Footbalance Systems Ltd
- Thuasne SAS
- Foot Science International
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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