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Global Foot Orthotic Insole Market - 2023-2030

Publisher DataM Intelligence 4Market Research LLP
Published Oct 31, 2023
Length 195 Pages
SKU # DTAM18278533

Description

Global Foot Orthotic Insole Market - 2023-2030


Global Foot Orthotic Insole Market reached US$ YY billion in 2022 and is expected to reach US$ YY million by 2030 growing at a CAGR of YY% during the forecast period 2023-2030.

Foot orthotics are specially designed shoe inserts that help support the feet and improve foot posture. Orthotic insole provides a critical, biomechanical contact point for the human body, and they can be helpful in correcting problems in the foot, knee, hip, and spine.

Orthotic insoles also play an important role in the nonoperative treatment of foot and ankle pathology. The type of orthotic needs to be specific for the underlying bony or ligamentous pathology in order to provide appropriate functional support.

Market Dynamics

Increasing product launches

The increasing number of product launches for foot orthotic insoles acts as a significant driver for market growth. Also, many significant companies play a major role in the advancements of the market by launching new foot orthotic insoles.

For instance, in August 2023, Foot Levelers introduced the XP3 Court Orthotic, an advanced custom orthotic that is expressly designed for amateur athletes, including fitness enthusiasts, weekend warriors, and individuals actively involved in recreational sports

Also, in July 2022, Foot Levelers introduced InMotion+ which is a meticulously crafted and rigorously tested orthotic that incorporates premium performance, stability, and comfort. InMotion+ also represents new opportunities for providers to give their patients maximum comfort.

Furthermore, the global foot orthotic insole market is driven by various factors like the rising prevalence of chronic foot ailments, technological advancements, and an increasing demand for orthotic foot insoles are expected to drive the market in the forecast period.

Limited customization and awareness of foot orthotics

Limited customization of foot orthotics can hamper the market growth as achieving the right level of customization can be challenging and time-consuming for healthcare professionals. Also, the limited awareness regarding foot orthotics can also hamper the market growth.



Segment Analysis

The global foot orthotic insole market is segmented based on product type, material type, application, end users and region.

Prefabricated insole accounted for approximately 58.3% of the market share

Prefabricated orthotics are over-the-counter insoles that come pre-made and are fitted based on the shoe size. Prefabricated insole is expected to hold the largest market share over the period forecast owing to increasing new orthotic insole launches and technological advancements.

For instance, in November 2021, Spenco launched two new insoles as part of their new performance series. The Propel and Propel + Carbon insoles are designed to supercharge the running shoe with the latest advancements in running technology.

Additionally, in January 2023, Foot Levelers introduced the new and improved 5th Avenue Collection of custom, flexible orthotics developed by women, for their unique foot structure.

Geographical Analysis

North America is expected to hold a significant position in the global foot orthotic insole market share

The global foot orthotic insole market is segmented into North America, Europe, Asia Pacific, South America, Middle East, and Africa.

North America has maintained a significant market proportion due to factors such as the rising prevalence of foot ulcers, and product launches, this trend is anticipated to continue throughout the forecast period.

For instance, according to the National Institute of Health report published in 2023, diabetes is the leading cause of non-traumatic amputations in the US. Overall, about 5% of patients with diabetes mellitus develop foot ulcers and 1% end up with an amputation. Hence, the demand for foot orthotic insoles increases for treating diabetic foot patients.

Additionally, in May 2023, Foot Levelers launched ParFlex Plus Orthotic for golfers which can increase club-head velocity (CHV) by up to seven percent.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the global foot orthotic insole market. The onset of the pandemic in early 2020 led to widespread lockdowns and restrictions, impacting regular diagnoses, treatments, product launches, and consultations worldwide. With the outbreak of the pandemic, many orthotic insole manufacturing units faced labor shortages and were unable to travel to work due to lockdown restrictions. Therefore, owing to the above factors, the foot orthotic insole market is expected to be moderately affected over the forecast period.

Competitive Landscape

The major global players in the market include Foot Levelers Inc., Dr. Scholl’s, Acor Orthopedic Inc., Aetrex Worldwide, Inc., Algeo Limited, Amfit Inc., Arden Orthotics Ltd, Bauerfeind AG, DJO Global, Bolton Bros among others.

Key Developments
• In January 2022, Rodin4D, launched a new solution dedicated to orthopedic insoles. Called Arkad, it is based on a 3-step process, data acquisition from a 3D scan, and insole design using dedicated software.
• In March 2023, the innovative footwear company Red Dr launched a foot massage insole to ease discomfort and enhance comfort caused by plantar fasciitis, flat feet, high arches, and arthritis.

Why Purchase the Report?
• To visualize the global foot orthotic insole market segmentation based on product type, material type, application, end users and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of foot orthotic insole market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global foot orthotic insoles market report would provide approximately 69 tables, 69 figures, and 185 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

195 Pages
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Product Type
3.2. Snippet by Material Type
3.3. Snippet by Application
3.4. Snippet by End Users
3.5. Snippet by Region
4. Market Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increasing product launches
4.1.1.2. YY
4.1.2. Restraints
4.1.2.1. Limited customization and awareness of foot orthotics
4.1.2.2. YY
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Product Type
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
7.1.2. Market Attractiveness Index, By Product Type
7.2. Prefabricated Insole*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Customized Insole
8. By Material Type
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Type
8.1.2. Market Attractiveness Index, By Material Type
8.2. Thermoplastics*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Polyethylene foams
8.4. Leather
8.5. Composite carbon fibers
8.6. Ethyl-vinyl acetates
8.7. Others
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Sports & Athletics*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Medical
9.4. Personal Comfort
10. By End Users
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
10.1.2. Market Attractiveness Index, By End Users
10.2. Hospitals*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Orthopedic Centers
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material type
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material type
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. UK
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Spain
11.3.7.6. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material type
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia-Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material type
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material type
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis
13. Company Profiles
13.1. Foot Levelers Inc.
13.1.1. Company Overview
13.1.2. Product Portfolio and Description
13.1.3. Financial Overview
13.1.4. Key Developments
13.2. Dr. Scholl’s
13.3. Acor Orthopedic Inc
13.4. Aetrex Worldwide, Inc
13.5. Algeo Limited
13.6. Amfit Inc
13.7. Arden Orthotics Ltd
13.8. Bauerfeind AG
13.9. DJO Global
13.10. Bolton Bros
LIST NOT EXHAUSTIVE
14. Appendix
14.1. About Us and Services
14.2. Contact Us

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