Global Foot Orthotic Insoles Market, By Product (Prefabricated and Customized), Material Type (Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel and Others), Application (Sports and Athletics, Medical and Personal Comfort), User Age Group (Adults and Paediatric), Distribution Channel (Drug Stores, Hospitals and Specialty Clinics, Online Stores and Others) – Industry Trends and Forecast to 2030.
Foot Orthotic Insoles Market Analysis and Size
According to World Health Organization (WHO) data updated in October 2021, every country in the world is experiencing an increase in the size and proportion of older people in the population. According to WHO estimates, one in every six people in the world will be 60 or older by 2030, with the share of the population aged 60 and up increasing from 1 billion in 2020 to 1.4 billion in 2030. This ageing population is more vulnerable to foot disease, diabetes, joint and back pain, and a variety of other diseases that necessitate the use of orthotics for support or pain relief. As a result of the ageing population, the growth of the studied market is expected to increase during the forecast period.
Data Bridge Market Research analyses that the foot orthotic insoles market which is USD 3.17 billion in 2022, is expected to reach USD 5.28 billion by 2030, at a CAGR of 6.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Foot Orthotic Insoles Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Prefabricated and Customized), Material Type (Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel and Others), Application (Sports and Athletics, Medical and Personal Comfort), User Age Group (Adults and Paediatric), Distribution Channel (Drug Stores, Hospitals and Specialty Clinics, Online Stores and Others)
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
Market Players Covered
Bauerfeind USA Inc. (U.S.), AMFIT (China), Scholl’s Wellness Co. (U.S.), ComfortFit Orthotic Labs, Inc. (U.S.), Aetrex Inc. (U.S.), SIDAS (Sweden), CURREX (U.S.), PowerStep (U.S.), Blatchford Limited (U.K.), Cascade Dafo’s (U.S.), Health and Care (UK) Ltd (U.K.), Implus (U.S.), Hanger Inc. (U.S.), Tynorindia (India), Digital Orthotics Laboratories Australia Pty Ltd. (Australia), Thuasne (France), Foot Science International (New Zealand)
Foot orthotic insoles are shoe inserts that support the arch, and improve mobility, comfort, and pain relief. They have a soft foam that relieves pressure points, alleviates pain from flat feet, and improves lower limb motion and alignment. As a result, they are widely used to treat plantar fasciitis, metatarsalgia, shin pain, overpronation, collapsed arches, bunions, and Achilles tendonitis. They are currently available in various styles, types, shapes, and thicknesses, depending on the desired therapeutic effects.
Foot Orthotic Insoles Market Dynamics
- Rising R&D activities
Many players are also keen on R&D in recycling thermoplastic materials to reduce the carbon footprint to adhere to the various norms and environmental policies. For instance, according to a November 2021 publication, a team at Oxford University Hospital focuses on significant sustainability improvements while producing orthotic insoles and other products. Since 2018, the team has recycled over 3.8 tonnes of thermoplastic. These are the factors which propel the market growth.
- Rising prevalence of chronic foot conditions
The rising prevalence of chronic foot conditions, combined with favorable reimbursement policies, is driving market expansion. Foot pain is claimed to affect more than 30.0% of the general population. Various medical conditions, including arthritis, plantar fasciitis, bursitis, and diabetic foot ulcers, can cause this discomfort. As a result, doctors recommend foot orthotic insoles to patients suffering from these conditions. According to the National Center for Biotechnology Information, the number of diabetic foot ulcers worldwide in 2021 will range between 9.1 and 26.1 million. Furthermore, it is expected that 20 to 25% of people with diabetes may develop a diabetic foot ulcer. Diabetes has reached epidemic proportions, and the number and frequency of diabetic foot ulcers are increasing rapidly around the world. As a result, the above-mentioned characteristics are important worldwide market growth drivers.
- Numerous market strategies
The market has seen numerous strategic market changes throughout the years. The demand for treatment devices is expected to increase as the prevalence of foot conditions and the number of patients suffering from them increase. As a result, the major corporations have expanded their portfolios and used mergers and acquisitions to expand their businesses. These strategies will help businesses obtain cutting-edge technology such as high-frequency and shock-absorbing materials. Furthermore, the industry is gradually shifting toward providing specialized support to its clients based on their issues and improving their quality of life. For instance, Thuasne announced in January 2021 that it had successfully acquired the Therafirm branch of Knit-Rite, an American manufacturer of textiles for the medical market. The purchase would help the company enter a new market for orthopaedic prosthesis medical equipment. These developments are expected to significantly impact the market's growth prospects during the forecast period.
- High costs associated with research and development capabilities
In developing and underdeveloped economies, a lack of awareness and adoption will hamper the market growth. High costs associated with research and development capabilities will also present challenges to the market. The presence of alternative therapies will also slow market growth.
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 localized 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 the 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.
COVID-19 Impact on the Foot Orthotic Insoles Market
The COVID-19 pandemic negatively impacted the industry. The pandemic, as well as the restrictions and lockdowns that accompanied it, had an impact on overall sales of orthotics, including bracing and support products, primarily driven by injuries, surgeries, and physician appointments. The COVID-19 outbreak impacted all the activities required to sell foot orthotic insoles. Over the forecast period, the market is expected to return and perform well with the increasing demand from the elderly population and patients.
- In 2022, Digital Orthotics Laboratories Australia Pty Ltd introduced a new iPhone scanning function. The consumer can scan, recommend, and purchase orthotics using an iPhone.
- In 2021, Spenco, a division of Implus Footcare LLC, introduced Propel and Propel + Carbon insoles to upgrade running shoes with the most recent running technology.
Global Foot Orthotic Insoles Market Scope
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 analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Rigid/Function Orthotic Insoles
- Soft/Accommodative Insoles
User Age Group
- Sports and Athletics
- Personal Comfort
- Polyethylene Foams
- Composite Carbon Fibers
- Drug Stores
- Hospitals and Specialty Clinics
- Online Stores
- Retail shops
- Foot store
Foot Orthotic Insoles Market Regional Analysis/Insights
The foot orthotic insoles market is analyzed 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 because of the increased funding for research and development activities, the rising geriatric population and increase in the number of podiatrists.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the rising prevalence of arthritis and rising personal disposable income.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 2011-2021.
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.
Some of the major players operating in the foot orthotic insoles market are:
- Bauerfeind USA Inc. (U.S.)
- AMFIT (China)
- Scholl’s Wellness Co. (U.S.)
- ComfortFit Orthotic Labs, Inc. (U.S.)
- Aetrex Inc. (U.S.)
- SIDAS (Sweden)
- CURREX (U.S.)
- PowerStep (U.S.)
- Blatchford Limited (U.K.)
- Cascade Dafo’s (U.S.)
- Health and Care (UK) Ltd (U.K.)
- Implus (U.S.)
- Hanger Inc. (U.S.)
- Tynorindia (India)
- Digital Orthotics Laboratories Australia Pty Ltd. (Australia)
- Thuasne (France)
- Foot Science International (New Zealand)