Foot Orthotic Insoles Market Size, Share Global Analysis Report, , 2021 – 2026

Industry Insights

According to the report published by the Facts & Factors, global demand for the foot orthotic insoles market was estimated at approximately USD 1,541.2 Million in 2020 and is expected to generate revenue of around USD 2,800.6 Million by the end of 2026, growing at a CAGR of around 5.3% between 2021 and 2026.

Market Overview

Orthotic refers to devices placed inside the shoes for the purpose of restoring our natural foot function. It is also known as orthotic insoles, orthoses, or shoe inserts. The foot orthotic insoles are of two types: prefabricated and customized that are manufactured using several materials like thermoplastics, leather, polyethylene foams, cork, ethyl-vinyl acetates (EVAs), composite carbon fibers, gel, nylon, etc. In addition, they are being used by both pediatric and adult populations intended for medical and other applications. These are in use in many applications like medical, sports & athletics, and personal comfort.

Industry Growth Factor

The global market of foot orthotic insoles market size is anticipated to witness a major growth rate during the forecast period. The increase in the geriatric population and the high incidences of diabetes and plantar fasciitis are key factors driving the global foot orthotic insoles market. Other growth factors such as the technological advancements owing to the increasing ongoing investments in research and development are projected to expand the market size across the globe. In addition, the increasing occurrence of osteoarthritis, rheumatoid arthritis, and juvenile is also increasing the adoption.

Furthermore, the growing demand for custom-made foot orthotics is also propelling the global market of foot orthotic insole. Such products are custom-made after a total costing of the foot structure of the user. Tailor-made orthotics have clinically proven benefits over prefabricated ones regarding better pain management and comfort. There is an escalating requirement for 3D printed orthotics between the end-users. These are thin in comparison to traditional ones and also come with improved pace efficiency and proprioception, fuelling the market development. Conversely, the rising adoption of eco-friendly materials in orthotic insoles manufacturing is creating growth opportunities avenues for the foot orthotic insole industry.

Segmentation Analysis

The global foot orthotic insoles market is classified into product, material, application, and distribution channels. Based on the product, the global foot orthotic insoles market is segmented into prefabricated and custom. The custom is further sub-segmented into rigid/function orthotic insoles and soft/accommodative insoles.

On the basis of material, the global foot orthotic insoles market is separated into thermoplastics, leather, polyethylene foams, gel, cork, composite carbon fibers, ethyl-vinyl acetates, and others. The global foot orthotic insoles market based on the application is separated into medical, sports & athletics, and personal comfort. In terms of the distribution channel, the global foot orthotic insoles market is divided into drug stores, online stores, retail shops, hospitals & specialty clinics, and others.

Report Scope

Regional Analysis

The global foot orthotic insoles market is divided into five major regional segments North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is contributing to the largest market revenue in the global market. The increasing prevalence of diabetes, the rising sports activities, the technological advancements owing to rising ongoing investments in R&D are some key factors that are likely to contribute significantly to the regional market upsurge. Also, the rising occurrence of conditions like diabetes, arthritis, and obesity further sustains regional expansion. Moreover, the focus of the United States healthcare system on value-based services and quality of care is resulting in favorable surroundings for the market.

The region of Asia-Pacific is estimated to observe beneficial growth in the global foot orthotic insoles. This can be attributed to the increasing target population along with the technological advancements. Additionally, improving health awareness is also profiting the regional market. Besides, the demand for prefabricated and custom insoles is considerably high in this region owing to the rise in the prevalence of chronic diseases such as diabetes and musculoskeletal disorders.

Competitive Players

Several companies covered in the global foot orthotic insoles market include :

• Cascade Dafo Inc.
• Powerstep
• Aetrex Worldwide Inc.
• Bayer Group
• Acor Orthopedic
• Superfeet Worldwide Inc.
• A. Algeo Ltd.
• Amfit Inc.
• Hanger Inc.
• Bauerfeind AG
• Ottobock SE & Co. KGaA
• Blatchford Clinical Services
• Birkenstock digital GmbH
• Foot Science International
• Salts Techstep
• The Foot Lab
• Groupe Gorgé
• Arden Orthotics
• Create O & P
• Tynor Orthotics Pvt. Ltd.
• Bolton Bros
• DOLA – Digital Orthotics Laboratories Australia

In addition, strategic partnerships, mergers, and acquisitions by key industries are driving the market growth.

By Product Segment Analysis

• Prefabricated
• Custom
• Rigid/Function Orthotic Insoles
• Soft/Accommodative Insoles

By Material Segment Analysis

• Thermoplastics
• Leather
• Polyethylene Foams
• Gel
• Cork
• Composite Carbon Fibers
• Ethyl-vinyl Acetates (EVAs)
• Others

By Application Segment Analysis

• Medical
• Sports & Athletics
• Personal Comfort

By Distribution Channel Segment Analysis

• Drug Stores
• Online Stores
• Retail Shops
• Hospitals & Specialty Clinics
• Others

Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa