Foot Orthotic Insoles Market Analysis & Growth | 2021- 2027

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Foot Orthotic Insoles Market Forecast to 2027 Covid-19 Impact and Global Analysis By Product Type ( Customized, Prefabricated ); Material ( Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel, Others ); Application ( Sports and Athletics, Medical, Personal Comfort ); Distribution Channel ( Drug Stores, Hospitals and Specialty Clinics, Online Stores, Others ), and Geography

Publication Month: Sep 2020 | Report Code: TIPRE00009798 | No. of Pages: 185 | Category: Medical Device | Status: Published

The foot orthotic insoles market was valued at US$ 3,560.00 million in 2019 and is projected to reach US$ 5,464.57 million by 2027; it is expected to grow at a CAGR of 5.7%from 2020 to 2027.

Foot orthoses, which are commonly referred to as orthotics, are devices made to insert into the shoes, which provides off-loading foot structures and cushioning. Foot orthoses are used in attachment to the standard medical care of patients with foot and lower limb problems, including plantar heel pain, rheumatoid arthritis, pronated foot, diabetic risk plantar.The adoption of foot orthotic insoles services has grown at unprecedent rate in last few years owing to the increasing incidence of diabetes, arthritis, and other foot conditions. Additionally, aging population, and growing demand from sports sectorare further emphasizing on the adoption of foot orthotic insolesworldwide. Moreover, introduction of 3D printed orthotics insoles is expected to foster the market growth during the forecast period. However, less adoption of foot orthotics insoles due to lack of awareness in emerging economies is restricting the Foot Orthotic Insoles market growth.

As North America has been witnessing growing number of COVID-19 cases since the viral outbreak. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak wordwide. The expected decline in the global sales of foot orthotic insoles is attributable to massive supply chain disruptions across significant export markets, including China and India.


Lucrative Regions forFoot Orthotic Insoles Market



Lucrative Regions forFoot Orthotic Insoles Market

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Market Insights

Increasing Incidence of Diabetes, Arthritis, and Other Foot Conditions Drives Foot Orthotic Insoles Market Growth

Orthotic insoles are used to maintain the health of feet of patients with conditions, such as rheumatoid arthritis and diabetes.  Orthotic devices are also extensively used in sports activities to improve skeletal function, thus enhancing the performance of the athlete. With the progression of age, cartilages become prone to strain and fatigue due to less water content and connective tissues such as ligaments attached to the bones become less flexible. This causes many complications such as arthritis. Lifestyle changes coupled with changing dietary habits lead to obesity, which puts pressure on the joints in lower extremity resulting in joint damage. As per the American Association of Orthopedic Surgeons, the obese population is 20 times more likely to undergo knee replacement surgery compared to those who are not overweight.

Rising diabetes-associated risks such as diabetic foot ulcers and pressure sores are boosting the demand for foot orthotic insoles. Diabetic foot ulcers (DFUs) are severe and chronic. As per the International Diabetes Federation (IDF), DFUs affect approximately 40–60 million people with diabetes worldwide. Given the seriousness of foot ulceration, there is an increasing focus on preventing the ulceration. Elevated plantar pressures are recognized as one of the risk factors for first ulceration and international guidelines suggest the use of orthotic insoles to reduce pressures. Increasing prevalence of diabetes is expected to boost the adoption of foot orthotic insoles in the coming years. As per the IDF, in 2019, approximately 463 million adults worldwide had diabetes, and this number is expected to reach 700 million by 2045. Apart from this, rise in cases of rheumatoid arthritis (RA) is likely to increase the demand for foot orthotic insoles during the forecast period.

ProductType-BasedInsights

Based on drug type, the foot orthotic insolesmarket is segmented into customized and prefabricated. The customized segment held a larger share of the market in 2019. Also, the samesegment is anticipated to register a higher CAGR during the forecast period. The growth of the market for customized insolesis attributed to rising demand from medical, and sports sector.

Foot Orthotic Insoles Market, by ProductType – 2019and 2027



Foot Orthotic Insoles Market, by ProductType – 2019and 2027

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Material-BasedInsights

Based on material, the foot orthotic insolesmarket is segmented into thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (EVAs), gel and others. The polyethylene foams segment held the largest share of the market in 2019; whereas, the thermoplastics segment is anticipated to register the highest CAGR during the forecast period. The growth of thermoplastics segment can be attributed to its wide range of properties such as custom hardness, durability, breathability, and less time required for production.Moreover, thermoplastic materials are favorable for the fabrication of orthoses for the elderly population. Hence, the thermoplastic segment is expected to witness lucrative growth owing to associated benefits.

Application-Based Insights

Based on application, the foot orthotic insolesmarket is segmented into sports and athletics, medical, and personal comfort. The medical segment held a larger share of the market in 2019. However, the sports and athletics segment is anticipated to register a higher CAGR during the forecast period. The growth of sports and athletics segment is attributed to the increasing sports injuries worldwide.

Distribution Channel-Based Insights

Based on distribution channel, the foot orthotic insoles market is segmented into drug stores, hospitals and specialty clinics, online stores, and others. The hospitals and specialty clinics segment held a larger share of the market in 2019. However, the online stores segment is anticipated to register a higher CAGR during the forecast period. The growth of online stores segment is attributed to the rising popularity of e-commerce platforms and availability of wide range of products and brands.

Strategic Insights

Report Coverage - Foot Orthotic Insoles Market
Report CoverageDetails
Market Size Value inUS$ 3,560.00 Million in 2019
Market Size Value byUS$ 5,464.57 Million by 2027
Growth rateCAGR of 5.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages185
No. of Tables95
No. of Charts & Figures76
Historical data availableYes
Segments coveredProduct Type ; Material ; Application ; Distribution Channel , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios. The players operating in the foot orthotic insolesmarket adopted the product innovations strategy to cater to the changing customer demands across the world, which also permits them to maintain their brand name in a global market.

Foot Orthotic Insoles Market – byProduct Type

  • Customized
  • Prefabricated


Foot Orthotic InsolesMarket – by Material

  • Thermoplastics
  • Polyethylene foams
  • Leather
  • Cork
  • Composite Carbon Fibers
  • Ethyl-vinyl acetates (EVAs)
  • Gel
  • Others

Foot Orthotic Insoles Market – by Application

  • Sports and Athletics
  • Medical
  • Personal Comfort


Foot Orthotic Insoles Market – by Distribution Channel

  • Drug Stores
  • Hospitals and Specialty
  • Online Stores
  • Others


Foot Orthotic InsolesMarket– by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific(APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Aetrex Worldwide, Inc
  • Bauerfeind AG
  • OttoBock
  • Superfeet Worldwide Inc.
  • Sidas
  • Algeos
  • Amfit Inc
  • Arden Orthotics
  • AcorOrthopaedic, Inc.
  • Yellow Wood Partners, LLC

Frequently Asked Questions

Foot orthoses, which are commonly referred to as orthotics, are devices made to insert into the shoes, which provides off-loading foot structures and cushioning. Foot orthoses are used in attachment to the standard medical care of patients with foot and lower limb problems, including plantar heel pain, rheumatoid arthritis, pronated foot, diabetic risk plantar.
The foot orthotic insoles market is estimated to grow owing to key driving factors such as increasing incidence of diabetes, arthritis, and other foot conditions and increasing demand from sports sector.
The foot orthotic insoles market majorly consists of the players such Aetrex Worldwide, Inc, Bauerfeind AG, OttoBock, Superfeet Worldwide Inc., Sidas, Algeos, Amfit Inc, Arden Orthotics, Acor Orthopaedic, Inc. and YELLOW WOOD PARTNERS, LLC among others

The List of Companies - Foot Orthotic Insoles Market

  1. Aetrex Worldwide, Inc
  2. Bauerfeind AG
  3. OttoBock
  4. Superfeet Worldwide Inc.
  5. Sidas
  6. Algeos
  7. Amfit Inc
  8. Arden Orthotics
  9. AcorOrthopaedic, Inc.
  10. Yellow Wood Partners, LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the foot orthotic insoles market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global foot orthotic insoles market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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