19-Jan-2022 | Facts and Factors
“Foot Orthotic Insoles Market By Product (Prefabricated and Custom (Rigid/Function Orthotic Insoles and Soft/Accommodative Insoles)), By Material (Thermoplastics, Leather, Polyethylene Foams, Gel, Cork, Composite Carbon Fibers, Ethyl-vinyl Acetates (EVAs), and Others), By Application (Medical, Sports & Athletics, and Personal Comfort), and By Distribution Channel (Drug Stores, Online Stores, Retail Shops, Hospitals & Specialty Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the foot orthotic insoles market in 2020 was approximately USD 1,541.2 Million. The market is likely to grow at a CAGR of 5.3% and is anticipated to reach around USD 2,800.6 Million by 2026.
Orthotic which is also called orthoses, shoe inserts, or orthotic insoles is a type of tool that is placed inside the shoes for restoring natural foot function and is of two types: prefabricated and customized. Additionally, they are being used by pediatric and adult populations for medical and other applications too. They are manufactured using numerous materials such as polyethylene foams, gel, thermoplastics, leather, composite carbon fibers, cork, ethyl-vinyl acetates (EVAs), nylon, and others.
The growth of the global foot orthotic insoles market can be attributed to major factors like the growing elderly population base and the increasing prevalence of diabetes and plantar fasciitis. In addition, the rise in the incidence of osteoarthritis, rheumatoid arthritis, and juvenile is also propelling the market growth. Moreover, the technological advancements, the favorable reimbursement policies in developed regions, the increasing expenditure on research and development, and the rising investments by major market players are other key aspects that are likely to boost the foot orthotic insole revenue across the globe.
Furthermore, the growing adoption of eco-friendly materials in the manufacturing of orthotic insoles is opening new avenues for the industry. Additionally, the rise in the demand for custom-made foot orthotics is boosting the market expansion. Besides, there is an escalating demand for 3D printed orthotics in end-users.
On the basis of Geography, the global foot orthotic insoles market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. In terms of region, North America is accounted for a major market share in the global foot orthotic insoles market. Europe also holds a major share of the global foot orthotic insoles market. The quickly rising geriatric population base, well-established health care infrastructure, and the large base of foot insole manufacturing industries are leading to the dominant share of North America and Europe foot orthotic insoles market.
The Asia-Pacific foot orthotic insoles market is expected to increase at a rapid growth rate in the forthcoming years. The high growth in this regional market can be attributed to the large population base suffering from chronic diseases and other foot pain conditions, the rising economy, the increasing investment in health care infrastructure, the rising disposable income of people, and the spreading out in the distribution network of top players in the region.
Bayer Group, Salts Techstep, Foot Science International, Groupe Gorgé, Powerstep, Superfeet Worldwide Inc., A. Algeo Ltd., DOLA – Digital Orthotics Laboratories Australia, Create O & P, Hanger Inc., Birkenstock digital GmbH, Bauerfeind AG, Ottobock SE & Co. KGaA, Aetrex Worldwide Inc., Acor Orthopedic, Amfit Inc., Arden Orthotics, The Foot Lab, Tynor Orthotics Pvt. Ltd., Bolton Bros, Cascade Dafo Inc., and Blatchford Clinical Services are major market players operating in the global foot orthotic insoles market.
Browse the full “Foot Orthotic Insoles Market By Product (Prefabricated and Custom (Rigid/Function Orthotic Insoles and Soft/Accommodative Insoles)), By Material (Thermoplastics, Leather, Polyethylene Foams, Gel, Cork, Composite Carbon Fibers, Ethyl-vinyl Acetates (EVAs), and Others), By Application (Medical, Sports & Athletics, and Personal Comfort), and By Distribution Channel (Drug Stores, Online Stores, Retail Shops, Hospitals & Specialty Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/foot-orthotic-insoles-market
This report segments the global foot orthotic insoles market as follows:
Global Foot Orthotic Insoles Market: By Product
- Prefabricated
- Custom
- Rigid/Function Orthotic Insoles
- Soft/Accommodative Insoles
Global Foot Orthotic Insoles Market: By Material
- Thermoplastics
- Leather
- Polyethylene Foams
- Gel
- Cork
- Composite Carbon Fibers
- Ethyl-vinyl Acetates (EVAs)
- Others
Global Foot Orthotic Insoles Market: By Application
- Medical
- Sports & Athletics
- Personal Comfort
Global Foot Orthotic Insoles Market: By Distribution Channel
- Drug Stores
- Online Stores
- Retail Shops
- Hospitals & Specialty Clinics
- Others
Global Foot Orthotic Insoles Market: Regional Segmentation Analysis
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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