Foot orthotic insoles prescribed for a variety of reasons. They can help to correct the alignment of your feet and legs and/or redistribute pressure to relieve painful areas and protect your feet from abnormal pressure. In most situations, insoles can correct mild to moderate foot problems, reduce associated pain and protect feet from future problems these factors are driving the market growth. The overall global Foot orthotic insoles market was valued at $ 3.2bn in 2018 and is forecasted to grow at a strong 5.7% CAGR between 2018 and 2026, resulting in 2026 global sales of $ 5.02bn. However, the high cost of foot orthotic insoles is restraining market growth. Moreover, the rising adoption of custom foot orthotic insoles is provided ample opportunities for the market.
Foot orthotic insoles depending on the product, the customized segment is expected to account for the largest share of the Foot orthotic insoles market due to custom-made foot orthotics are specially made shoe inserts designed to fit perfectly to the feet. These products provide support and comfort to users. They are manufactured after a complete evaluation of the foot structure of the user.
- On July 2019, Yellow Wood Partners to acquire iconic Dr. Scholl’s™ brand from Bayer AG for US$ 585 Mn
The Global Foot Orthotic Insoles Market is segmented on the basis of User Age, Material, Product, Application, Distribution Channel and Region
Based on the User Age: Pediatric and Adult
Based on the Material: Gel, Ethyl-vinyl acetates (EVAs), Composite Carbon Fibers, Cork, Leather, Polyethylene Foams, Thermoplastics, and Other Materials.
Based on the Product: Customized and Prefabricated.
Based on the Application: Medical and Sports & Athletics
Based on the Distribution Channel: Online Stores, Hospitals & Specialty Clinics and Drug Stores.
Based on Region: North America, Asia-Pacific, Europe, and LAMEA. Among that North America held the largest share of the market due to the rapidly increasing geriatric population, the large base of foot insole manufacturing companies and Well-established health care infrastructure have led to the dominant share.
The key players in the Global Foot Orthotic Insoles Market include, Superfeet Worldwide Inc, ComfortFit Orthotic Lab, Inc, Dr. Scholl's, Powerstep (Stable Step, LLC), LFT Leading Foot Technology, Foot Science International, Tynor Orthotics Pvt Ltd, Ottobock, Currex, Bauerfeind AG, Hanger, Inc., Digital Orthotics Laboratories, SIDAS, Ortowear ApS, Fastech Labs and etc...
Report Description: The report covers an in-depth analysis of the Global Foot Orthotic Insoles Market. The report assesses the market products pipeline by stage of development (early development, pre-clinical, clinical and in approval), by-products (Customized and Prefabricated). In addition, the report includes key insights on other development activities, including (but not limited to) – licensing (In and Out), collaborations, acquisitions, reimbursement, patent, and regulatory designations.
The report includes in-depth company profiles of key players in the Global Foot Orthotic Insoles Market. The company profile includes key information on the overview, financial highlights, product portfolio, business strategies, and key recent developments.
The report highlights information on emerging companies with potentially disruptive technologies and new market entrants.
- Provides detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Foot Orthotic Insoles Market
- Provides a comparative analysis of key marketed and pipeline products
- Provides key information on players involved in the Global Foot Orthotic Insoles Market
- Provides a complete overview of market segments and the regional outlook of Global Foot Orthotic Insoles Market
- Provides in-depth coverage of key news related to Global Foot Orthotic Insoles Market, including major mergers and acquisitions and product development updates such as clinical trial progression updates and regulatory updates
Our research works on a holistic 360° approach to deliver high quality, validated and reliable information in our market reports. Market estimation and forecasting involve the following steps:
Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary databases and Models)
Market-related information is assembled from both primary and secondary sources.
Primary sources involved participants from all global stakeholders such as experts from several related industries and suppliers that have been interviewed to obtain and verify critical information as well as to assess prospects of the market. The participants included are CXOs, VPs, and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications annual reports press releases along with paid sources such as Factiva, OneSource, Bloomberg among others.
Top-down and bottom-up approaches: The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by product, type of manufacturing, and disease) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.