Global Foot Orthotic Insoles Market

Foot Orthotic Insoles Market by Types (Prefabricated and Customized), Applications (Medical and Sports), Materials (Thermoplastics, Ethyl-vinyl Acetate (EVA), Foam, Composite Carbon Fiber, and Others), Distribution Channels (Hospital Pharmacies, Retail Stores, and Online Stores), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: HC-3498
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 196
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The global foot orthotic insoles market is estimated to expand at a substantial CAGR during the forecast period, between 2021-2028. Foot orthotic insoles are the attachments to the shoes designed to cure the foot abnormalities and steady the biomechanical misalignment of the foot. Many patients are now going for specially designed orthotic insoles that provide them with personal comfort in daily life and reduce the pain. The increase in the incidence of chronic pain owing to various health problems is boosting the demand for insoles. Diabetes is one of the most common causes of foot pain in adults. The impact of COVID-19 pandemic has been unmatched and harmful to the market due to lockdown across the globe.

Global Foot Orthotic Insoles Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising demand for foot insoles due to rising use of them as a prescription medical device to reduce the pain caused by medical conditions such as diabetes, plantar fasciitis, bursitis, and arthritis is estimated to boost the market growth.
  • Growing focus on clinical studies to evaluate the efficacy of foot inserts in several chronic foot ailments is expected to spur the market expansion.
  • The availability of substitute therapies such as acupuncture and several other stimulation devices for the treatment of chronic foot-related ailments is expected to hamper the growth of the market.
  • Ongoing developments in foot orthotic insoles can create lucrative opportunities for the industry players in the projected timeline.

Scope of the report:

The report on foot orthotic insoles market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Foot Orthotic Insoles Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Prefabricated and Customized), Applications (Medical and Sports), Materials (Thermoplastics, Ethyl-vinyl Acetate (EVA), Foam, Composite Carbon Fiber, and Others), Distribution Channels (Hospital Pharmacies, Retail Stores, and Online Stores)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Dr. Scholl, Superfeet Worldwide, Bauerfeind Ag, Hanger Inc, Implus Llc, Footbalance Ltd.

Foot orthotic insoles market segment insights:

Customized segment to dominate the market during the forecasted period

In terms of the types, the market can be segmented into prefabricated and customized. The customized segment is expected to grow at a robust rate during the forecast period. Customized orthotic insoles are high in demand in the market as it matches the patient’s size and comfort specifications. Most of orthoptists prescribe customized foot insoles for better clinical results. This is one of the main reasons for the growth of the segment. Apart from this, technological advancements such as 3D foot scanners and molding clay have eased the manufacturing of customized foot insoles. This is anticipated to favor the growth of the segment.

Global Foot Orthotic Insoles Market types

Medical segment to exhibit a high CAGR

Based on applications, the market can be categorized into medical and sports. The medical segment is expected to dominate the market during the forecast period. Increasing demand for foot orthotic insoles to reduce the pain caused due to various diseases and disorders is spurring the segment growth.

Global Foot Orthotic Insoles Market applications

Ethyl-vinyl acetate and foam segments to exhibit a high CAGR

On the basis of materials, the market can be categorized into thermoplastics, ethyl-vinyl acetate, foam, composite carbon fiber, and others. The ethyl-vinyl acetate (EVA) and foam segments are expected to register a robust CAGR during the forecast period.  The easy availability of these orthotic insoles made of EVA and reasonably low pricing compared to polypropylene foam-based foot insoles are major drivers of the segments’ growth. The quick acceptance of foot inserts for sports and physical activities has increased the demand for successful shock-absorbing insoles materials. As foam-based foot orthotic insoles offer excellent shock absorption, they are gradually gaining a lot of traction, in-turn favoring expansion of the foam segment.

Hospital pharmacies segment to hold a maximum share

In terms of distribution channels, the market can be segmented into hospital pharmacies, retail stores, and online stores. The hospital pharmacies segment is meant to exhibit a high CAGR during the forecast period. Satisfactory health reimbursement for orthotic insoles and the increasing access of customized foot inserts are expected to boost the hospital pharmacies segment. Most of the patients prefer customized foot insoles. The fact that a prescription from a medical professional is required for customized insoles is a key reason for the growth of the segment.

Global Foot Orthotic Insoles Market distribution channel

North America to dominate the market

In terms of regions, the market can be classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held a large market share in 2020 due to fast implementation of 3D printers for making orthotic insoles and increasing number of foot doctor and orthoptists in the region. Advantageous reimbursement policies for orthotic foot inserts, combined with the increasing government efforts to raise awareness about foot care through awareness initiatives are the main factors attributable to the growth of the market in North America.

Global Foot Orthotic Insoles Market region

Segments

Segments covered in the report
By Types

  • Prefabricated
  • Customized

By Applications

  • Medical
  • Sports

By Materials

  • Thermoplastics
  • Ethyl-vinyl Acetate (EVA)
  • Foam
  • Composite Carbon Fiber
  • Others

By Distribution Channels

  • Hospital Pharmacies
  • Retail Stores
  • Online Stores

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Dr. Scholl
  • Superfeet Worldwide
  • Bauerfeind Ag
  • Hanger Inc
  • Implus Llc
  • Footbalance Ltd

 

Competitive Landscape

The key players in the market are Dr. Scholl, Superfeet Worldwide, Bauerfeind Ag, Hanger Inc, Implus Llc, Footbalance Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Foot Orthotic Insoles Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foot Orthotic Insoles Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Foot Orthotic Insoles Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Foot Orthotic Insoles Market - Supply Chain
  4.5. Global Foot Orthotic Insoles Market Forecast
     4.5.1. Foot Orthotic Insoles Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Foot Orthotic Insoles Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Foot Orthotic Insoles Market Absolute $ Opportunity
5. Global Foot Orthotic Insoles Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Foot Orthotic Insoles Market Size and Volume Forecast by Types
     5.3.1. Prefabricated
     5.3.2. Customized
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Foot Orthotic Insoles Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Foot Orthotic Insoles Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Foot Orthotic Insoles Demand Share Forecast, 2019-2026
7. North America Foot Orthotic Insoles Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Foot Orthotic Insoles Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Foot Orthotic Insoles Market Size and Volume Forecast by Types
     7.4.1. Prefabricated
     7.4.2. Customized
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Foot Orthotic Insoles Demand Share Forecast, 2019-2026
8. Latin America Foot Orthotic Insoles Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Foot Orthotic Insoles Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Foot Orthotic Insoles Market Size and Volume Forecast by Types
     8.4.1. Prefabricated
     8.4.2. Customized
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Foot Orthotic Insoles Demand Share Forecast, 2019-2026
9. Europe Foot Orthotic Insoles Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Foot Orthotic Insoles Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Foot Orthotic Insoles Market Size and Volume Forecast by Types
     9.4.1. Prefabricated
     9.4.2. Customized
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Foot Orthotic Insoles Demand Share Forecast, 2019-2026
10. Asia Pacific Foot Orthotic Insoles Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Foot Orthotic Insoles Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Foot Orthotic Insoles Market Size and Volume Forecast by Types
     10.4.1. Prefabricated
     10.4.2. Customized
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Foot Orthotic Insoles Demand Share Forecast, 2019-2026
11. Middle East & Africa Foot Orthotic Insoles Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Foot Orthotic Insoles Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Foot Orthotic Insoles Market Size and Volume Forecast by Types
     11.4.1. Prefabricated
     11.4.2. Customized
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Foot Orthotic Insoles Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Foot Orthotic Insoles Market: Market Share Analysis
  12.2. Foot Orthotic Insoles Distributors and Customers
  12.3. Foot Orthotic Insoles Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Dr. Scholl
     12.4.2. Superfeet Worldwide
     12.4.3. Bauerfeind Ag
     12.4.4. Hanger Inc
     12.4.5. Implus Llc
     12.4.6. Footbalance Ltd

Segments covered in the report
By Types

  • Prefabricated
  • Customized

By Applications

  • Medical
  • Sports

By Materials

  • Thermoplastics
  • Ethyl-vinyl Acetate (EVA)
  • Foam
  • Composite Carbon Fiber
  • Others

By Distribution Channels

  • Hospital Pharmacies
  • Retail Stores
  • Online Stores

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Dr. Scholl
  • Superfeet Worldwide
  • Bauerfeind Ag
  • Hanger Inc
  • Implus Llc
  • Footbalance Ltd

 

The key players in the market are Dr. Scholl, Superfeet Worldwide, Bauerfeind Ag, Hanger Inc, Implus Llc, Footbalance Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Foot Orthotic Insoles Market keyplayers

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