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Foot Insoles Market in US 2019-2023

Foot Insoles Market in US 2019-2023

About this market

People seeking a career in fitness and sports are aware of the importance of physical activities. Foot insoles are extensively used for the treatment and prevention of these complications like plantar fasciitis. Achilles tendonitis, shin splints, and runners’ knee. Foot insoles provide firm arch support, with soft cushioning and gel encased with the hard-plastic shell on the outside to provide good biomechanical control. These are designed specifically for runners, athletes, and walkers. These insoles are athlete-tested to support movement across a range of athletic activities, have a cushion effect and help absorb shock. As a result, the increase in sports activities and the availability of sports-related products has increased the demand for foot insoles. Technavio’s analysts have predicted that the foot insoles market in US will register a CAGR of almost 7% by 2023.

Market Overview

Product innovation and portfolio extension

Innovation in product and portfolio extension drives the foot insoles market in the US. Vendors offer various medical and sports insoles manufactured per medical and sports requirement. Of late, the demand for premium and high-quality medical and sports insoles that are also priced high is increasing. Sports Insoles Ski & Skate insole that is designed specifically for feet in rigid footwear such as ski boots or ice skates. These product innovations drive the foot insoles market in the US.

High cost of foot insoles

The high cost of foot insoles hinders their adoption in the US. This high price stems from the use of expensive raw materials: customization, and consultation charges. Issues related to the mismatch between the demand and supply of leather affect the industry at large.

For the detailed list of factors that will drive and challenge the growth of the foot insoles market in US during the 2019-2023, view our report.

Competitive Landscape

The foot insoles market in the US is highly fragmented, and the competition among companies is intense. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Foot Insoles Market in US 2019-2023

Technavio recognizes the following companies as the key players in the foot insoles market in US: Bauerfeind USA, Bayer AG, Implus Footcare, SOLO Laboratories, SUPERFEET WORLDWIDE.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the introduction of connected insoles.”

According to the report, one of the major drivers for this market is the growth of e- commerce platform in the US drives the foot insoles market in the US.

Further, the report states that one of the major factors hindering the growth of this market is the critically of product sourcing and investor management.

Companies Mentioned

Bauerfeind USA

Bayer AG

Implus Footcare

SOLO Laboratories

SUPERFEET WORLDWIDE

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 ($ millions)
      • Table Country market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Medical insoles - Market size and forecast 2018-2023
      • Table Medical insoles - Market size and forecast 2018-2023 ($ millions)
      • Table Medical insoles - Year-over-year growth 2019-2023 (%)
    • Sports insoles - Market size and forecast 2018-2023
      • Table Sports insoles - Market size and forecast 2018-2023 ($ millions)
      • Table Sports insoles - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by material
    • Table Material - Market share 2018-2023 (%)
    • Comparison by material
      • Table Comparison by material
    • Polypropylene insoles - Market size and forecast 2018-2023
      • Table Polypropylene insoles - Market size and forecast 2018-2023 ($ millions)
      • Table Polypropylene insoles - Year-over-year growth 2019-2023 (%)
    • Leather insoles - Market size and forecast 2018-2023
      • Table Leather insoles - Market size and forecast 2018-2023 ($ millions)
      • Table Leather insoles - Year-over-year growth 2019-2023 (%)
    • Other insoles - Market size and forecast 2018-2023
      • Table Other insoles - Market size and forecast 2018-2023 ($ millions)
      • Table Other insoles - Year-over-year growth 2019-2023 (%)
    • Market opportunity by material
      • Table Market opportunity by material
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Internet users in the US 2011-2016 (% of the population as of July 25, 2018)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Introduction of connected insoles
    • Introduction of 3D printing in foot insoles
    • Growing demand for custom foot insoles
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bauerfeind USA Inc.
      • Table Bauerfeind USA Inc. - Vendor overview
      • Table Bauerfeind USA Inc. - Product segments
      • Table Bauerfeind USA Inc. - Organizational developments
      • Table Bauerfeind USA Inc. - Key offerings
    • Bayer AG
      • Table Bayer AG - Vendor overview
      • Table Bayer AG - Business segments
      • Table Bayer AG - Organizational developments
      • Table Bayer AG - Geographic focus
      • Table Bayer AG - Segment focus
      • Table Bayer AG - Key offerings
    • Implus Footcare LLC
      • Table Implus Footcare LLC - Vendor overview
      • Table Implus Footcare LLC - Product segments
      • Table Implus Footcare LLC - Organizational developments
      • Table Implus Footcare LLC - Key offerings
    • SOLO Laboratories, Inc.
      • Table SOLO Laboratories, Inc. - Vendor overview
      • Table SOLO Laboratories, Inc. - Product segments
      • Table SOLO Laboratories, Inc. - Key offerings
    • SUPERFEET WORLDWIDE, INC.
      • Table SUPERFEET WORLDWIDE, INC. - Vendor overview
      • Table SUPERFEET WORLDWIDE, INC. - Product segments
      • Table SUPERFEET WORLDWIDE, INC. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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