Reports
Global Foot Orthotic Insoles Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Industry Events and Developments; Competitive Landscape, 2024-2032
Foot Orthotic Insoles Market Outlook
The global Foot Orthotic Insoles market contains a comprehensive analysis of the current market situation including latest trends, drivers, and other critical aspects of the market.
In the base year of 2021 the global Foot Orthotic Insoles Market Size reached a value of about USD 3502.11 million. The expected growth rate of the industry is at a CAGR of approximately 5.20% during the forecast period of 2022-2027. The global Foot Orthotic Insoles Market share is likely to reach a value of about USD 4747.05 million by 2027.
The global Foot Orthotic Insoles Market is advancing due to the increased prevalence of health conditions The global Foot Orthotic Insoles Market in North America makes up for like diabetes.
Hence, the region wise biggest market share is held by the Foot Orthotic Insoles market in North America.
Analysis and Categorisation of the global Foot Orthotic Insoles Industry
Foot orthotic insoles are removable shoe inserts that support or correct abnormal or irregular walking patterns. They are worn to perform functions like daily wear comfort, bettering height, treating plantar fasciitis and others. They are designed to cure foot ailments and deformities, diabetic foot ulcers and manage alignment and positioning.
The global Foot Orthotic Insoles Market comprises divisions by User Age Group (Paediatric and Adult), Product (Custom and Prefabricated), End-Use (Medical segment (Arthritis, Plantar Fasciitis, Diabetes, Back and Foot Pain, and Others), Sports and Athletics, and Personal Comfort), Material (Composite Carbon Fibres, Thermoplastics, Cork, Leather Ethyl-vinyl acetates (EVAs), Gel, Polyethylene Foams, and Others), and region (South America, Asia Pacific, the Middle East, Europe, Africa, and North America).
The Asia Pacific, Europe, the Middle East, South America, North America, and Africa Regions are Impelling the Global Foot Orthotic Insoles Market Development
The global Foot Orthotic Insoles Market in North America holds the largest share in the industry due to the intensifying rates of diabetes in this region. In addition, technological advances in the area paired with high R&D investments are expected to further the market growth. Also, the U.S. healthcare system concentrates on value-based services and quality of care is likely to provide the industry with a significant boost.
The growing occurrences of health disorders like diabetes and plantar fasciitis is propelling the global Foot Orthotic Insoles industry. As the number of geriatric populations increases, it leads to an increased demand for the product, further boosting sales in the sector. Furthermore, the growing technical advances owing to the increasing investments in R&D are likely to impact the market positively.
Despite this, the lack of knowledge regarding the product in the underdeveloped or emerging nation will likely act as a market restraint.
The global Foot Orthotic Insoles Market Outlook
Custom orthotics are made by completing an initial evaluation by the Certified Pedorthist. During the examination, the measurement of feet is done, and the arch height is checked for, and given a general score. After the study is finished, the process of making the mould begins. The method of rapid impression bath is used to take the foot impression.
Once finished, a physical replica is created of the foot by pouring a quick-drying liquid plaster into the imprint. When the material dries the plaster foot is finished and filed to the exact proportions and details of your feet. Lastly, the vacuum forming step is followed by trimming and shaping and finally, the orthotics are sent for final fitting in the specific shoe.
The global Foot Orthotic Insoles Market Demand is Expanding Due to the Need for Customised Products
The global Foot Orthotic Insoles market is rapidly advancing due to the increasing demand for custom foot orthotics which is gaining traction among people. The products are prefabricated and customized as per the consumer’s requirements. They are manufactured after a thorough evaluation of the user’s foot structure which results in utmost accuracy, thus resulting in increased demand.
The properties of the customised products like comfort and improved pain management have some clinically proven advantages over prefabricated ones, further boosting the market growth. In addition, end-users are rapidly demanding 3D printed orthotics, along with the growing adoption of eco-friendly materials to produce orthotics insoles which is likely to result in the global Foot Orthotic Insoles Market development.
The market is segmented into Asia Pacific, South America, Europe, the Middle East, North America, and Africa on the basis region segmentation.
Major global Foot Orthotic Insoles Market Key Players
- Scholl’s Wellness Co.
- Bauerfeind AG
- Stable Step, LLC
- Algeo Ltd
- Birkenstock Group B.V. & Co. KG
Global Foot Orthotic Insoles Competition Landscape
The market is highly fragmented as it comprises various national and international players. The key players rely on several expansion strategies to further penetrate lucrative markets. Collaborations, product launches, partnerships, acquisitions are included in the plan that strengthen regional and global distribution channel.
Recent Developments in the global Foot Orthotic Insoles Industry
- February 2022 - The latest DOLA iPhone revealed a scanning feature under Digital Orthotics Laboratories Australia Pty Ltd. Through this feature, the customer can prescribe, scan, and order orthotics from an iPhone.
- November 2021 - Implus Footcare LLC a brand under Spenco, launched Propel and Propel + Carbon insoles that are made to supercharge running shoes installed with the newest running technology.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Foot Orthotic Insoles Market Analysis
8.1 Key Industry Highlights
8.2 Global Foot Orthotic Insoles Historical Market (2017-2021)
8.3 Global Foot Orthotic Insoles Market Forecast (2022-2027)
8.4 Global Foot Orthotic Insoles Market by Product
8.4.1 Prefabricated
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Customised
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Foot Orthotic Insoles Market by Material
8.5.1 Thermoplastics
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Polyethylene Foams
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Leather
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Cork
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Composite Carbon Fibres
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Ethyl-Vinyl Acetates (EVAs)
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2017-2021)
8.5.6.3 Forecast Trend (2022-2027)
8.5.7 Gel
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2017-2021)
8.5.7.3 Forecast Trend (2022-2027)
8.5.8 Others
8.6 Global Foot Orthotic Insoles Market by User Age Group
8.6.1 Adult
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Paediatric
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Foot Orthotic Insoles Market by End Use
8.7.1 Sports and Athletics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Medical
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.2.4 Breakup by Type
8.7.2.4.1 Diabetes
8.7.2.4.2 Plantar Fasciitis
8.7.2.4.3 Arthritis
8.7.2.4.4 Back and Foot Pain
8.7.2.4.5 Others
8.7.3 Personal Comfort
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.8 Global Foot Orthotic Insoles Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Scholl’s Wellness Co.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Stable Step, LLC
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 A. Algeo Limited
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Birkenstock Group B.V. & Co. KG
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Bauerfeind AG
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Superfeet Worldwide, Inc.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments