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2021
Foot Orthotic Insoles Market

Foot Orthotic Insoles Market by Type (Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl Acetates (EVAs), Gel and Others), Application (Sports & Athletics, Medical, Personal Comfort) and Industry Vertical (Hospitals, Clinics, Ambulatory Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

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COVID-19

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Foot orthotic insole is designed to stabilize the biomechanical alignment of the foot & cure the foot deformities. Many individuals are now adopting advanced designed orthotic insoles which reduce pain and provide them with personal comfort in their daily life. Rise in incidence of chronic pain due to different health problems is likely to boost the growth of the foot orthotic insoles market globally.

There are two types of foot orthotic insoles—prefabricated and customized which are made using various materials like polyethylene foams, carbon fibers, thermoplastics, cork, leather, ethyl-vinyl acetates (EVAs), gel. It is used by pediatric as well as the adult population for medical applications.

Market Scope and Structure Analysis

Report Metric 

Details

  Market Size Available for Years

  2021–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Units

  Value (USD)

  Segments Covered

 Type, Application, Industry Vertical, and Region

  Geographies Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies Covered

(Dr. Scholl's), Powerstep (Stable Step, LLC), Superfeet Worldwide, Inc., Ottobock, A. Algeo Ltd., Hanger, Inc., and Bauerfeind AG. Birkenstock digital GmbH, Ottobock SE & Co. KGaA, Foot Science International, Create O & P, Groupe Gorgé, and DOLA – Digital Orthotics Laboratories Australia.

 

COVID-19 Scenario Analysis

  • The outbreak of the COVID-19 pandemic is likely to have a moderate impact on the market in the forecast period. Research and development activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the market growth.
  • COVID-19 has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
  • Realizing the disturbing healthcare trends, governments globally are making efforts to provide excellent quality healthcare to patients globally. Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries in COVID-19, the market is expected to show a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rise in the obese and geriatric population is likely to propel the adoption of the foot orthotic insoles market during the forecast timeframe. AS per the U.S. Department of Health and Human Products, the U.S. is predicted to have a nearly, 72.1 million geriatric population which is nearly double the number in the year 2000 by 2030. A huge number of global manufacturers who have core competencies and technical expertise are taking efforts to manufacture and develop novel products that will attract more customers. 

Improved biomaterial-based insoles which offer low wear and high strength are witnessing exponential growth in demand in the growing economies of the world. The rise in adoption rates is witnessed for technologies like custom-made foot orthotic insoles, 3D bioprinting, and computer-aided fixation of foot orthotic insoles. Benefits offered by-products that are technologically advanced like improve the life cycle of the product and reduced complications are likely to boost the demand for these products among the users. This is witnessed to drive the market in the forecast timeline.
An increase in demand for customized foot orthotic insoles is predicted to offer lucrative business development opportunities in the foot orthotic insoles market globally in the forecast period. Customized foot orthotics are specially and designed shoe inserts to fit perfectly to the feet to provide comfort and support to the users. They are made after a complete analysis of the foot structure of the person. Also, clinical studies conducted to compare the effectiveness of prefabricated insoles resulted that customized foot orthotics are proved more effective than prefabricated ones because they provide effective foot comfort while reliving painful foot conditions.

North America has dominated the foot orthotic insoles market globally because of the rise in investments from the public as well as private players and the contribution of core market leaders for enhanced virtual trial solutions. It accounted for a prominent share in the foot orthotic insoles market globally in terms of revenue, due increase in R&D activities in the region, increasing rate of adoption of technology in the region in the clinical region, and government support. An increase in disposable income and advancements in technology in urbanized countries are predicted to drive the market.
Asia-Pacific followed by Europe is witnessed lucrative growth and holds a notable share in the market owing to rapid increase investments to adopt new technological advancements for different foot healing purposes as well as the digitalized services to customers.

Key Segments Covered

Segments

Sub-segments

  Type

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

  Application

  • Sports & Athletics
  • Medical
  • Personal Comfort

  Industry Vertical

  • Hospitals
  • Clinics
  • Ambulatory Centres
  • Other

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global foot orthotic insoles market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global foot orthotic insoles market share 
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global foot orthotic insoles market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global foot orthotic insoles market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Report

  • What are the leading market players active in the foot orthotic insoles market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Report Tag: Insole, Orthotic Insole, Footwear, Foot Pain 

 
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