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Global Foot Insoles Market 2017-2021

Global Foot Insoles Market 2017-2021

About Foot Insoles

Due to its structural nature, the human foot is intended to walk on natural grounds and without the use of high heels. The unusual inclined position of the foot due to heels and often flat floor will result in damage to the foot and therefore, in the podalgia. Most humans are born with healthy feet. Damage to the feet predominantly develops with time. The causes are disposition, overweight, hard grounds, wrong footwear, sport injuries, rheumatic changes, circulatory disorders, and neuropathies.

Technavio’s analysts forecast the global foot insoles market to grow at a CAGR of 6.64% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global foot insoles market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of foot insoles.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Foot Insoles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bayer HealthCare
  • Bauerfeind
  • Superfeet
  • Stable Step
Other prominent vendors
  • Spenco Medical
  • ING Corporation
  • SOLO Laboratories
  • footlogix
Market driver
  • Growth in older population
  • For a full, detailed list, view our report
Market challenge
  • High inventory turnover ratio
  • For a full, detailed list, view our report
Market trend
  • Rise in use of eco-friendly products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Foot Insoles Market 2017-2021

Technavio recognizes the following companies as the key players in the global foot insoles market: Bayer HealthCare, Bauerfeind, Superfeet, and Stable Step

Other Prominent Vendors in the market are: Spenco Medical, ING Corporation, SOLO Laboratories, and footlogix

Commenting on the report, an analyst from Technavio’s team said: “Shoes are not just a significant part of clothing because of style, but they also provide relief and support in the right places. A wrong pair of shoes can cause shin, back, knee, or even hip pain if not properly supported. Most vendors of sports footwear are focusing on customization. Retailers, like Amazon, have been harvesting recurring gains from doing so for their vast consumer base using Big Data. Vendors are progressively concentrating on providing consumers with customized products, thereby, uplifting customer loyalty and engagement.”

According to the report, dwindling birth rates have led to a rise in the population of older people. For instance, in Japan where people aged 65 years and above currently contribute to 23%-25% of the population, the percentage is expected to reach 38% by 2050. In North America, the estimates are between 13% and 22%, and in Europe, they are between 16% and 27%.

Further, the report states that the manufacturers stock large quantities of raw materials, including raw leather, nylon, EVA foam, shoe soles, and laces, to avoid any disruption in production because of the unavailability of raw materials. The anticipation of an increase in prices of these raw materials in future also leads to stocking up by vendors. This increases the cost of production and if the anticipation of future prices goes wrong, it reduces profits. The stocking of raw materials also increases the inventory turnover ratio. The inventory turnover ratio is calculated by dividing sales by inventory or by dividing the cost of goods sold by average inventory. This ratio indicates the inventory sold and replaced by new inventory, generally during a financial year. Though a high turnover ratio indicates greater liquidity, it also indicates idle and underutilized resources. This can hamper the profit margins of vendors due to excessive capital utilization.

Companies Mentioned

Bayer HealthCare, Bauerfeind, Superfeet, Stable Step, Spenco Medical, ING Corporation, SOLO Laboratories, footlogix.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries: Global foot insoles market
      • Table Global market segmentation: Overview
    • Top-vendor offerings
      • Table Product offerings: Global foot insoles market
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Orthotic devices: Type
      • Table Types of braces based on location of application
      • Table Snapshot: Global foot insoles market
  • Market landscape
    • Market overview
      • Table Types of foot
      • Table Benefits of foot insoles
    • Market size and forecast
      • Table Global foot insoles market 2016-2021 ($ billions)
      • Table Common foot ailments
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global foot insoles market by application 2016-2021
    • Table Snapshot of end-user segment
    • Global medical insoles market
      • Table Global medical insoles market 2016-2021 ($ billions)
    • Global sport insoles market
      • Table Global sport insoles market 2016-2021 ($ billions)
  • Market segmentation by material type
    • Market overview
      • Table Product segments share in market 2015-2020 (in %)
    • Global polypropylene insoles market
      • Table Global polypropylene insoles market 2016-2021($ billions)
    • Global leather insoles market
      • Table Global leather insoles market 2016-2021 ($ billions)
    • Global other insoles market
      • Table Global foot insoles market by other raw materials 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global foot insoles market segmentation by share 2016-2021 (% share)
      • Table Geographical snapshot: Global foot insoles market
    • Foot insoles market in Americas
      • Table Foot insoles market in Americas 2016-2021 ($ billions)
    • Foot insoles market in EMEA
      • Table Foot insoles market in EMEA 2016-2021 ($ billions)
    • Foot insoles market in APAC
      • Table Foot insoles market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Table World obesity statistics 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Typical business inventory cycle
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key Vendor Analysis
    • Bayer HealthCare
      • Table Bayer HealthCare: Profile
      • Table Bayer HealthCare: Strength analysis
      • Table Bayer HealthCare: Strategy assessment
      • Table Bayer HealthCare: Opportunity assessment
    • Bauerfeind
      • Table Bauerfeind: Profile
      • Table Bauerfeind: Strength analysis
      • Table Bauerfeind: Growth strategy assessment
      • Table Bauerfeind: Opportunity assessment
    • Superfeet
      • Table Superfeet: Profile
      • Table Superfeet: Strength analysis
      • Table Superfeet: Strategy assessment
      • Table Superfeet: Opportunity assessment
    • Stable Step
      • Table Stable Step: Profile
      • Table Stable Step: Strength analysis
      • Table Stable Step: Strategy assessment
      • Table Stable Step: Opportunity assessment
  • Appendix
    • List of abbreviations
  • Explore Technavio

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