Global Foot Orthotic Insole Market Report By Product (Leather, Polypropylene And Others), Application (Sports, Medical And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2022-2030
Growing geriatric population along with an increasing number of the patients suffering from arthritis and other orthotic disorders across the globe is driving the market growth. Increasing cases of obesity leading to arch and related disorders are further fueling the market growth. Also, rising disposable income coupled with increasing expenditure on healthcare accessories is boosting the market growth. Rising count of sportsperson with ankle dislocation and other orthotic injuries is further fueling the market demand in sports application. Furthermore, technological advancement for the development of more effective and innovative products is likely to fuel market growth in upcoming timespan.
The latest report by Value Market Research expects the Global Foot Orthotic Insole Market was valued at USD 3 billion in 2017 and is expected to grow by 2024 with CAGR of 6 %.
POLYPROPYLENE DOMINATED THE PRODUCT SEGMENT
In 2017, Polypropylene led the segment and has accounted for X.X% of the total market share. Owing to superior features such as lightweight, rigid, posses’ high strength and low specific gravity, polypropylene is driving the market growth.
MEDICAL EMERGED AS LEADING APPLICATION SEGMENT
Medical sector dominated the application segment owing to rising patients suffering from arthritis, foot injury, abnormal walking pattern and other orthotic disorders is driving the market growth. In 2017, the medical sector has accounted for X.X% of the total market share. Also, the rising graph of the obese population leading to prolonged arch and ankle damage is further boosting the market growth.
NORTH AMERICA DOMINATED THE REGIONAL MARKET
In 2017, North America led the regional market and held around 40% of the global market share. Technological advancement for the development of efficient and innovative products along with rising expenditure on healthcare is driving the market growth.
MAJOR PLAYERS OF THE MARKET
Aetrex Worldwide, Inc., Bauerfeind AG, Comfortfit Orthotic Labs Inc., Currex Gmbh, Dr. Scholl’s, Euroleathers, Hanger Orthopedic Group, Inc., Implus, OttoBock Holding GmbH & Co. KG., Sidas SAS, Spenco Medical Corporation and Superfeet Worldwide Inc. are the key manufacturers ruling foot orthotics insole market.
As per this study the Global Foot Orthotic Insole Market was valued USD 3.4 BN (by revenue) in 2021 and is anticipated to reach USD 5.5 BN by 2028 with a CAGR of 7.1%.
Foot orthotic insole refers to removable shoe insert used to impart support, comfort, and relief from foot pain and injuries. It is used to prevent or heal common foot problems such as arch pain, heel pain and ball of foot pain. Basically, orthotic insole helps in improving abnormal walking pattern by integrating somatosensory information used for body balancing and walking. It is also used for offloading pain from the heel, improving foot alignment and body posture.
Rising cases of arthritis and other orthotic disorders coupled with increasing geriatric population is driving the market growth. Betterment in the standard of living, increased consumption of fast food, and rising cases of obesity is presumed to augment the market demand. Increasing number of sportsperson with ankle dislocation and injuries is boosting market penetration in sports application. Technological advancement for development of more effective and innovative products is likely to fuel market growth in upcoming timespan.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of foot orthotic insole.
The broad foot orthotic insole market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for foot orthotic insole in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Foot Orthotic Insole Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the foot orthotic insole market include Aetrex Worldwide, Inc., Bauerfeind AG, Comfortfit Orthotic Labs Inc., Currex Gmbh, Dr. Scholl's, Euroleathers, Hanger Orthopedic Group, Inc., Implus, OttoBock Holding GmbH & Co. KG., Sidas SAS, Spenco Medical Corporation and Superfeet Worldwide Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Foot Orthotic Insole Market
2.2. Global Foot Orthotic Insole Market Snapshot
3 . FOOT ORTHOTIC INSOLE – INDUSTRY ANALYSIS
3.2. Market Drivers of Foot Orthotic Insole Market
3.3. Market Restraints of Foot Orthotic Insole Market
3.4. Opportunities of Foot Orthotic Insole Market
3.5. Trends of Foot Orthotic Insole Market
3.6. Porter's Five Force Analysis of Foot Orthotic Insole Market
3.7. Foot Orthotic Insole Market Attractiveness Analysis
3.7.1 Market Attractive Analysis by Product
3.7.2 Market Attractive Analysis by Application
3.7.3 Market Attractive Analysis by Region
4 . VALUE CHAIN ANALYSIS
4.1. Foot Orthotic Insole Value Chain Analysis
4.2. Foot Orthotic Insole Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Foot Orthotic Insole Raw Material Manufactures List
4.2.3. Price Trend of Foot Orthotic Insole Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . Impact Analysis of Covid-19 Outbreak
5.1. Impact Analysis of Covid-19 Outbreak on Foot Orthotic Insole Market
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firm ...
Frequently Asked Questions (FAQs) about this Report
The global foot orthotic insole market size was worth USD 3.4 Billion in 2021.
For the years 2023-2028, the global foot orthotic insole market growth is expected to be around 7.1%.
The global foot orthotic insole market is segmented by Product (Leather, Polypropylene And Others), by Application (Sports, Medical And Others).
The leading players in the global foot orthotic insole market are Clinique, DHC, DoraDosun, Herborist, KOSE, LOCCITANE, PrettyValley, Sisley, Sulwhasoo and WRIOL.