New York, United States, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global Foot Orthotic Insoles Market size & share was estimated at approximately USD 1,541.2 Million in 2020 and is expected to generate revenue of around USD 2,800.6 Million by the end of 2026, at a compound annual growth rate (CAGR) of around 5.3% during the forecast period 2021 to 2026.”
Foot Orthotic Insoles market research report is a professional and very detailed report about the main and secondary drivers of the market, as well as production, market share, demands, leading segments, and geographic analysis (such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.)
What are Foot Orthotic Insoles? How big is the Foot Orthotic Insoles Market?
- Market Overview & Coverage:
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.
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Our Free Sample Report Includes:
- 2021 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 178+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2021 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Cascade Dafo Inc.
- Powerstep
- Aetrex Worldwide Inc.
- Bayer Group
- Acor Orthopedic
- Superfeet Worldwide Inc.
- A. Algeo Ltd.
- Amfit Inc.
- Hanger Inc.
- Bauerfeind AG
- Ottobock SE & Co. KGaA
- Blatchford Clinical Services
- Birkenstock digital GmbH
- Foot Science International
- Salts Techstep
- The Foot Lab
- Groupe Gorgé
- Arden Orthotics
- Create O & P
- Tynor Orthotics Pvt. Ltd.
- Bolton Bros
- DOLA – Digital Orthotics Laboratories Australia
Key questions answered in this report:
- What is the Market Size in terms of Value and/or Volume of the global foot orthotic insoles market?
- What are the key Companies operating in the foot orthotic insoles market?
- What are the Market Size and Growth Rates of Various Segments at Global and Regional Market?
- Which Region/Country is projected to drive the growth in the foot orthotic insoles market during the forecast years?
- Which Segments & Sub-segments would drive the growth in the market during the forecast years?
- What are the Key Opportunities in the foot orthotic insoles industry?
- How do the Value Chain and Supply Chain function in the foot orthotic insoles market?
- How can I receive a free copy of the foot orthotic insoles Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2021−2026
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product, by Material, by Application, by Distribution Channel, and by Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Global Foot Orthotic Insoles Market: Growth Factors
- Increasing Prevalence of Diabetes and Plantar Fasciitis propelling the market growth
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.
- Growing Adoption of Eco-Friendly Materials
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.
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Global Foot Orthotic Insoles Market: Report Scope
| Report Attribute | Details |
| Market Size in 2020 | USD 1,541.2 Million |
| Projected Market Size in 2026 | USD 2,800.6 Million |
| CAGR Growth Rate | 5.3% CAGR |
| Base Year | 2020 |
| Forecast Years | 2021-2026 |
| Key Market Players | Cascade Dafo Inc., Powerstep, Aetrex Worldwide Inc., Bayer Group, Acor Orthopedic, Superfeet Worldwide Inc., A. Algeo Ltd., Amfit Inc., Hanger Inc., Bauerfeind AG, Ottobock SE & Co. KGaA, Blatchford Clinical Services, Birkenstock digital GmbH, Foot Science International, Salts Techstep, The Foot Lab, and others |
| Key Segment | By Product, By Material, By Application, By Distribution Channel, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Foot Orthotic Insoles Market: Segmentation Analysis
The global foot orthotic insoles market is classified into product, material, application, and distribution channels.
Based on the product, the global foot orthotic insoles market is segmented into prefabricated and custom. The custom is further sub-segmented into rigid/function orthotic insoles and soft/accommodative insoles.
On the basis of material, the global foot orthotic insoles market is separated into thermoplastics, leather, polyethylene foams, gel, cork, composite carbon fibers, ethyl-vinyl acetates, and others. The global foot orthotic insoles market based on the application is separated into medical, sports & athletics, and personal comfort. In terms of the distribution channel, the global foot orthotic insoles market is divided into drug stores, online stores, retail shops, hospitals & specialty clinics, and others.
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Recent Development of the Industry:
- Sept. 2020 – NOENE, a leading distributor of shock-absorbing materials used in foot orthotic insoles, has been acquired by Foot Solutions. The acquisition is likely to help the company enhance its position in the United States.
Regional Dominance:
- North America is accounted for a major market share in the global market
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.
- Asia-Pacific is likely to rise at a rapid growth rate in the forthcoming years
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.
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
Key Insights from Primary Research
- As per the analysis shared by our primary respondents, the foot orthotic insoles market is expected to grow annually at a CAGR of around 5.3%.
- Through the primary research, it was established that the foot orthotic insoles market was valued at around USD 1,541.2 Million in 2020 and is expected to reach around USD 2,800.6 Million by 2026.
- On the basis of geography, North America is expected to contribute the largest market revenue in the global market.
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