According to IMARC Group latest report titled” Foot Orthotic Insoles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market grew at a CAGR of around 4% during 2015-2020. The global foot orthotic insoles market size to exhibit moderate growth during the next five years. Foot orthotic insoles refer to shoe inserts that keep up the arch, enhance comfort, improve mobility and relieve foot pain. They have a soft foam that helps in alleviating pressure points, easing the pain for flat feet, and improving lower limb motions and alignment. Owing to these factors, foot orthotic insoles are extensively used to treat plantar fasciitis, overpronation, metatarsalgia, shin pain, bunions, collapsed arches, Achilles tendonitis, etc. At present, they are available in various styles, shapes, types and thicknesses, which vary depending on desired therapeutic effects.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Rapid growth in the number of individuals who suffer from obesity, osteoarthritis, and diabetes-related foot problems is primarily bolstering the demand for foot orthotic insoles. Moreover, the rising geriatric population who are more prone to such ailments are also augmenting the market growth. Additionally, the increasing participation of individuals in sports and recreational activities has led to a rise in the incidents of foot injuries. This, along with the growing awareness among parents towards abnormal foot development in children, is also propelling the demand for foot orthotic insoles worldwide. Furthermore, several manufacturers are adopting 3D printing technology to provide innovative and personalized products to customers. Besides this, the introduction of eco-friendly insoles is expected to further drive the market growth over the coming years.
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Competitive Landscape Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Aetrex Worldwide Inc.
- Amfit Inc.
- Bauerfeind AG
- Blatchford Limited
- Cascade Dafo Inc.
- Comfortfit Orthotic Labs Inc.
- Hanger Inc.
- OTTOBOCK SE CO. KGAA
- Solo Laboratories Inc.
- Spenco Medical Corporation (Implus LLC)
- Superfeet Worldwide Inc
Foot Orthotic Insoles Market Segmentation:
Our report has categorized the market based on region, material type, product, application and distribution channel.
Market Breakup by Material Type:
- Polyethylene Foams
- Composite Carbon Fibers
Market Breakup by Product:
Market Breakup by Application:
- Sports and Athletics
Market Breakup by Distribution Channel:
- Drug Stores
- Hospitals and Specialty Clinics
- Online Stores
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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