Asia Pacific Foot Orthotic Insoles Market Drivers and Forecasts by 2027
Asia Pacific Foot Orthotic Insoles Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type ( Customized and Prefabricated ); Material (Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel, and Others ); Application ( Sports and Athletics, Medical, and Personal Comfort ); Distribution Channel ( Drug Stores, Hospitals and Specialty Clinics, Online Stores, and Others ), and Country
- Status : Published
- Report Code : TIPRE00016093
- Category : Life Sciences
- No. of Pages : 146
- Available Report Formats :
- Last update date : November 09, 2020
2019 Market Size
US$ 686.93 Mn
Base year value
2027 Forecast
US$ 1,117.51 Mn
Projected by 2027
CAGR 2020-2027
6.4 %
Growth rate
Addressable Market
US$ 7,338.68 Mn
(2020-2027)
The Asia Pacific foot orthotic insoles market is expected to reach US$ 1,117.51 million by 2027 from US$ 686.93 million in 2019. The market is estimated to grow at a CAGR of 6.4% from 2020 to 2027.
The growth of the market is attributed to the increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector. However, less adoption of foot orthotic insoles due to lack of awareness in emerging economies hinders the growth of the foot orthotic insoles market.
Asia Pacific Foot Orthotic Insoles market is expanding quickly, driven primarily by increasing awareness regarding foot related issues and its various applications. The increasing prevalence of diabetes has become a global public health concern worldwide. China ranks number one, with the highest number of people with diabetes. The prevalence of diabetes and diabetic complications increased alarmingly in the last few years. As per the WHO, almost 10% of all adults in China – about 110 million people – currently live with diabetes. The number is expected to increase to 150 million by 2040 – with major health, social and economic consequences. Environmental factors such as obesity, aging, diet, and physical activity; genetic factors; contributed in accelerating diabetes population. Chronic wounds, such as diabetic foot ulcers and venous leg ulcers, have brought substantial challenges to millions of patients worldwide.
Asia Pacific Foot Orthotic Insoles Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Asia Pacific Foot Orthotic Insoles Market Segmentation
By Product Type
- Customized
- Prefabricated
By Material
- Thermoplastics
- Polyethylene foams
- Leather
- Cork
- Composite Carbon Fibers
- Ethyl-vinyl acetates (EVAs)
- Gel
- Others
By Application
- Sports and Athletics
- Medical
- Personal Comfort
By Distribution Channel
- Drug Stores
- Hospitals and Specialty
- Online Stores
- Others
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Aetrex Worldwide, Inc
- Bauerfeind AG
- OttoBock
- Superfeet Worldwide Inc.
- Sidas
- Algeos
- Yellow Wood Partners, LLC
Asia Pacific Foot Orthotic Insoles Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 686.93 Million |
| Market Size by 2027 | US$ 1,117.51 Million |
| CAGR (2020 - 2027) | 6.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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