- Report ID: BMRC 402 | Number of pages: 197 | Publish Date: Jan 2020
Status: Published | Category: Consumer Goods | Delivery Timeline:
Foot Orthotic Insoles Market report is segmented on product, material, application and by regional & country level. Based upon product, foot orthotic insoles market is segmented into customized and prefabricated foot orthotic insoles. On the basis of material, the market is segmented into EVA Foam, Leather, Polypropylene Thermoplastic, Nylon, and Others. Based upon application, foot orthotic insoles market is classified into medical, sports & athletics, and personal comfort.
Foot Orthotic Insoles Market is valued at USD 3382.86 Million in 2018 and expected to reach USD 5256.92 Million by 2025 with CAGR of 6.5% over the forecast period.
Foot orthotic insoles are the cushioning materials used in the shoes which provide extra support and reduces various foot problems. These materials need to change in every 3-6 months and it also acts as deodorizer. These are mostly used by athlete as they have high chances of developing foot problems. Foot orthotic insoles helps in the correction of irregular walking or abnormal walking pattern and also helps in the restoration of normal body alignment and positioning. These foot orthotic insoles also intend to maintain the postural stability and provide support to the arch, pain relief and flat foot conditions.
The regions covered in this Foot Orthotic Insoles market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Foot Orthotic Insoles market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for Foot Orthotic Insoles market are Dr. Scholl's (Bayer), Superfeet, Implus, Sidas, OttoBock, Bauerfeind, Aetrex Worldwide, Wintersteiger (BootDocs), Powerstep, Footbalance Systems, Comfortfit Labs, and Euroleathers among others.
Increased prevalence of orthopedic disorders and increase in geriatric population is the key factor which helps Foot Orthotic Insoles Market to grow.
Over the period of time there has been significant increase in geriatric population which has led to the increase in orthopedic disorders. Moreover, changing lifestyle and increased prevalence of orthopedic disorders such as rheumatoid arthritis, osteoarthritis and others has also increased the demand for foot orthotic insoles. As per World Health Organization Report 2019, the prevalence varies between 0.3% and 1% and is more common in women and in developed countries. Increase in sports activities are also expected to further contribute the growth of foot orthotic insoles market. Furthermore, wide applications in different fields coupled with increase in obese population on a large scale are expected to promote the growth of foot orthotic insoles market over the forecast period. Technological advancement coupled with increase in research and development activities is expected to create ample opportunities in the foot orthotic insoles market. However, high cost of foot orthotic insoles is expected to hamper the growth of foot orthotic insoles market in the near future.
North America is expected to dominate the Foot Orthotic Insoles Market.
North America is expected to account for the largest market share in the global foot orthotic insoles market owing to the presence of developed economies such as U.S., Canada and others. Moreover, increased prevalence of orthopedic disorders coupled with developed healthcare infrastructure and increased public awareness. Europe is expected to closely follow North America in terms of market share owing to the technological advancement and increase in research and development activities are expected to promote the growth of foot orthotic insoles market. Asia Pacific is expected to develop significantly and expected to maintain its dominance over the forecast period. The presence of developed countries such as India, China and others coupled with increased prevalence of orthopedic disorders and increase in disposable income are expected to drive the growth of foot orthotic insoles market. Middle East, Latin America and Africa is expected to develop at a considerable rate over the forecast period.
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Foot Orthotic Insoles Market Overview & Potential Growth Opportunities 2020-2025