Global Foot Orthotic Insoles Market, By Product (Prefabricated and Customized), By Material Type (Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel and Others), By Application (Sports and Athletics, Medical and Personal Comfort), By User Age Group (Adults and Paediatric), By Distribution Channel (Drug Stores, Hospitals and Specialty Clinics, Online Stores and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the foot orthotic insoles market will exhibit a CAGR of around 6.05% for the forecast period of 2021-2028. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of foot orthotic insoles market.
The foot orthotic insoles are the removable shoe insert that are used for a wide range of purposes such as daily wear comfort, height enhancement, plantar fasciitis treatment and others. These are designed to cure the foot deformities and manage the alignment.
Upsurge in the prevalence of arthritis is one of the major factors fostering the growth of the market. Unhealthy lifestyle of a major chunk of population across the globe is another market growth determinant. Increasing demand of the high quality sports shoes, rising adoption of eco-friendly materials in manufacturing orthotic insoles and growing instances of foot deformities are other important factors that will further generate lucrative market growth opportunities.
However, lack of awareness and adoption in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies will further pose challenges for the market. Presence of alternative therapies will also hamper the market growth rate.
This foot orthotic insoles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on foot orthotic insoles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foot Orthotic Insoles Market Scope and Market Size
The foot orthotic insoles market is segmented on the basis of product, material type, application, user age group and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the foot orthotic insoles market is segmented into prefabricated and customized.
- Based on the type of material, the foot orthotic insoles market is segmented into thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (evas), gel, others.
- Global foot orthotic insoles market is also segmented based on application. The foot orthotic insoles market, by application, is segmented into sports and athletics, medical and personal comfort.
- On the basis of user age group, the foot orthotic insoles market is segmented into adults and pediatric.
- Based on distribution channel, the foot orthotic insoles market is segmented into drug stores, hospitals and specialty clinics, online stores and others. The others is further segmented into retail shops and foot store.
Foot Orthotic Insoles Market Country Level Analysis
The foot orthotic insoles market is analysed and market size insights and trends are provided by country, product, material type, application, user age group and distribution channel as referenced above.
The countries covered in the foot orthotic insoles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the foot orthotic insoles market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing funding for research and development activities, rising geriatric population and increase in the number of podiatrists. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing prevalence of arthritis and rising personal disposable income.
The country section of the foot orthotic insoles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The foot orthotic insoles market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for foot orthotic insoles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the foot orthotic insoles market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Foot Orthotic Insoles Market Share Analysis
The foot orthotic insoles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foot orthotic insoles market.
The major players covered in the foot orthotic insoles market report are Implus LLC, Hanger Clinic, Bauerfeind USA Inc., AMFIT., Scholl’s Wellness Co., ComfortFit Orthotic Labs, Inc., Aetrex Worldwide, Inc., SIDAS, CURREX, Powerstep, Blatchford Limited, Cascade Dafo, Inc., Health and Care (UK) Ltd, SOLO Laboratories, Inc., BIRKENSTOCK DIGITAL GMBH, Evonik Digital GmbH, Digital Orthotics Laboratories Australia Pty Ltd, Bornlife and OTTOBOCK among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.