Foot Orthotic Insoles Market – By Manufacturing Method ,By Flexibility, By Type of Material, Foam, Composite Carbon Fibre & Others], By End Use, By Gender Use, By Distribution Channel By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: HCR 1570 Report Format: PDF + Excel

Foot Orthotic Insoles Market Overview:

The Foot Orthotic Insoles Market size is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.6% during the forecast period 2024-2030. Increasing foot problems, such as flat feet, plantar fasciitis, and heel spurs, and the growing demand for comfortable and supportive footwear propel the Foot Orthotic Insoles Market growth.
 
According to Orthopedic Associates, 25% of the U.S. population has flat foot problems. Additionally, developing advanced materials and technologies, including smart insoles and 3D printing, which improve the accuracy and effectiveness of foot orthotic insoles, contributes to market growth. Simultaneously, e-commerce and increasing healthcare expenditure are also driving the market. Overall, the foot orthotic insole market is expected to grow as more people seek relief from foot pain and discomfort.

Market Snapshot:

Foot Orthotic Insoles Market

Foot Orthotic Insoles Market - Report Coverage:

The “Foot Orthotic Insoles Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Foot Orthotic Insoles Market.
 
 
Attribute Segment

By Manufacturing Method
  • Pre-Fabricated
  • Custom

By Flexibility
  • Rigid Orthotic Insoles
  • Semi-rigid Orthotic Insoles
  • Soft Orthotic Insoles

By Type of Material
  • Thermoplastics
  • Ethylene Vinyl Acetate (EVA) 
  • Foam
  • Composite Carbon Fibre
  • Others

By End-Use
  • Sports 
  • Medical
  • Personal Comfort

By Gender Use
  • Male
  • Female
  • Unisex

By Distribution Channel
  • Hospitals/Clinics
  • Retail Stores
  • Online Stores
  • Others

By Geography 
  • North America (U.S., Canada and Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), 
  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), 
  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
  • Rest of the World (Middle East and Africa).
 

COVID-19 / Ukraine Crisis - Impact Analysis: 

  • Due to the global economic crisis caused by the Covid pandemic, the market has been impacted by supply chain disruptions, manufacturing delays, and decreased consumer spending. During lockdowns, footwear stores and clinics were temporarily closed, which decreased foot orthotic insole sales. On the other side, the pandemic has heightened awareness of the significance of foot health, as people have spent more time at home and been more aware of the effect footwear has on their overall health. Hence, the need for foot orthotic insoles has skyrocketed.
  • The Ukraine-Russia conflict has a feeble impact on the global market for orthotic insoles. The situation had negative effects on the affected regions, including supply chain disruptions, increased costs, and decreased consumer confidence. Moreover, the shift of healthcare resources and priorities to the affected regions, is also set to constrain the domestic & regional market growth.

Key Takeaways:

Fastest Growth of Asia-Pacific Region

Geographically, in the global Foot Orthotic Insoles market share, Asia Pacific is analyzed to grow with the highest CAGR of 7.1% during the forecast period 2024-2030. The increasing prevalence of foot-related disorders, rising awareness of foot health, technological advancements in manufacturing, and increasing adoption of e-commerce led to a greater demand for foot orthotics insoles in this region. According to the American Diabetes Association, more than 60% of diabetic patients reside in Asia, with almost half in India and China, resulting in greater diabetic foot problems in APAC.

Pre-Fabricated Manufacturing Segment is Leading the Market

According to the Foot Orthotic Insoles Market forecast, the prefabricated segment held the largest market valuation of $2.4 billion in 2023. This sector leads the market because of its affordability, accessibility, diversity, and non-invasiveness. Healthcare practitioners commonly recommend prefabricated foot orthotic insoles as a first-line treatment for various common foot conditions since they are both practical and affordable.

Prevalence of Foot Disorders and Conditions Fuels the Market Growth

According to the WHO (World Health Organization), around 20% of the global population suffers from foot problems. Foot orthotic difficulties are more widespread in older people, with up to 87% reporting foot issues. The prevalence of foot illnesses and conditions such as flat feet, plantar fasciitis, diabetic foot troubles, and heel spurs is growing. These conditions may trigger discomfort, agony, and mobility issues, which increases the demand for foot orthotic insoles. This industry is growing due to technological advancements and rising awareness of the benefits of foot orthotics in reducing foot issues.

Composite Fiber Insoles to Register the Fastest Growth

In the Foot Orthotic Insoles Market analysis, the insoles made from the material composite fiber are estimated to grow with the highest CAGR of 7.7% during the forecast period 2024-2030. Composite fiber is suitable for foot orthotic insoles since it is durable, lightweight, flexible, water-resistant, and hypoallergenic. It maintains its shape over time, adheres to the foot's shape, keeps the foot dry and healthy, and is less prone to cause skin irritation or allergic responses.

Revolutionizing Orthotics with 3D Printing

3D printing is transforming the foot orthotic insole market by producing more accurate and customized insoles faster. This technology enables the creation of insoles that are precisely molded to the shape of an individual's foot, resulting in improved comfort and fit. 3D printing also has the potential to reduce waste and is driving innovation in materials and designs for foot orthotic insoles.
For instance, Dr Scholl's, a foot care brand, has partnered with Wiivv to provide customized 3D-printed insoles. Wiivv is a technology company that mastered developing 3D scanning apps and biometric insoles and collaborated with Dr Scholl’s to offer a personalized experience to the customers for better treatment.

High Cost for Customizable Foot Orthotic Insole

Custom orthotic foot insoles are typically more expensive than prefabricated insoles, making them unaffordable to some users and restricting the potential market for these items. Even in certain countries, health insurance does not cover foot orthotic insoles, making them difficult for some consumers to afford.
 
Foot Orthotic Insoles Market Share (%) By Region, 2023
 
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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Foot Orthotic Insoles Market adopt. The top 10 companies in this industry are listed below:
  1. Hanger Inc. 
  2. Reckitt Benckiser Group PLC 
  3. Implus Footcare LLC
  4. Superfeet Worldwide Inc. 
  5. Bauerfeind AG 
  6. Ottobock SE & Co. KGaA 
  7. Aetrex Worldwide, Inc.
  8. Footbalance Systems Ltd.
  9. Össur hf 
  10. Algeo Limited 
  11. Groupe Gorge 
  12. Colfax Corporation 
  13. Materialise NV
  14. New Balance Athletics, Inc.
  15. Darco International Inc

Scope of the Report:

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.6%

Market Size in 2030

$6.3 billion

Segments Covered

Manufacturing Method, Flexibility, Type of Material, End Use, Gender Use, Distribution Channel and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1. Hanger Inc.

2. Reckitt Benckiser Group PLC

3. Implus Footcare LLC

4. Superfeet Worldwide Inc.

5. Bauerfeind AG

6. Ottobock SE & Co. KGaA

7. Aetrex Worldwide, Inc.

8. Footbalance Systems Ltd.

9. Össur hf

10.  Algeo Limited

11.  Groupe Gorge

12.  Colfax Corporation

13.  Materialise NV

14.  New Balance Athletics, Inc.

15.  Darco International Inc

 

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1. Foot Orthotic Insoles Market - Overview
    1.1. Definitions and Scope
2. Foot Orthotic Insoles Market - Executive Summary
3. Foot Orthotic Insoles Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Foot Orthotic Insoles Market - Start-up Companies Scenario 
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Foot Orthotic Insoles Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Foot Orthotic Insoles Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Foot Orthotic Insoles Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Foot Orthotic Insoles Market – By Manufacturing Method (Market Size –$Million/$Billion)
    8.1. Pre-Fabricated
    8.2. Custom
9. Foot Orthotic Insoles Market – By Flexibility (Market Size –$Million/$Billion)
    9.1. Rigid Orthotic Insoles
    9.2. Semi-rigid Orthotic Insoles
    9.3. Soft Orthotic Insoles
10. Foot Orthotic Insoles Market – By Type of Material (Market Size –$Million/$Billion)
    10.1. Thermoplastics
    10.2. Ethyl-vinyl Acetate (EVA)
    10.3. Foam
    10.4. Composite Carbon Fibre
    10.5. Others
11. Foot Orthotic Insoles Market – By End Use (Market Size –$Million/$Billion)
    11.1. Sports
    11.2. Medical
    11.3. Personal Comfort
12. Foot Orthotic Insoles Market - By Gender Use
    12.1. Male 
    12.2. Female
    12.3. Unisex
13. Foot Orthotic Insoles Market - By Distribution Channel
    13.1. Hospitals/Clinics
    13.2. Retail Stores
    13.3. Online Stores
    13.4. Others
14. Foot Orthotic Insoles Market – By Geography (Market Size – $Million/$Billion) 
    14.1. North America
        14.1.1. The U.S.
        14.1.2. Canada
        14.1.3. Mexico
    14.2. Europe
        14.2.1. UK
        14.2.2. Germany
        14.2.3. France
        14.2.4. Italy
        14.2.5. Spain
        14.2.6. Russia
        14.2.7. Rest of Europe
    14.3. Asia-Pacific
        14.3.1. China
        14.3.2. India
        14.3.3. Japan
        14.3.4. South Korea
        14.3.5. Australia & New Zealand
        14.3.6. Rest of Asia-Pacific
    14.4. South America
        14.4.1. Brazil
        14.4.2. Argentina
        14.4.3. Chile
        14.4.4. Colombia
        14.4.5. Rest of South America
    14.5. Rest of the World
        14.5.1. Middle East
        14.5.2. Africa
15. Foot Orthotic Insoles Market – Entropy
16. Foot Orthotic Insoles Market – Industry/Segment Competition Landscape
    16.1. Market Share Analysis
        16.1.1. Market Share by Type of Material – Key Companies
        16.1.2. Market Share by Region – Key Companies
        16.1.3. Market Share by Country – Key Companies    
    16.2. Competition Matrix
    16.3. Best Practices for Companies
17. Foot Orthotic Insoles Market – Key Company List by Country Premium 
18. Foot Orthotic Insoles Market - Company Analysis
    18.1. Hanger Inc. 
    18.2. Reckitt Benckiser Group PLC 
    18.3. Implus Footcare LLC
    18.4. Superfeet Worldwide Inc. 
    18.5. Bauerfeind AG 
    18.6. Ottobock SE & Co. KGaA 
    18.7. Aetrex Worldwide, Inc.
    18.8. Footbalance Systems Ltd.
    18.9. Össur hf 
    18.10. Algeo Limited 
    18.11. Groupe Gorge 
    18.12. Colfax Corporation 
    18.13. Materialise NV 
    18.14. New Balance Athletics, Inc.
    18.15. Darco International Inc.

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The Foot Orthotic Insoles Market is projected to grow at 6.6% CAGR during the forecast period 2024-2030.

The Global Foot Orthotic Insoles Market size is estimated to be $4 billion in 2023 and is projected to reach $6.3 billion by 2030.

The leading Foot Orthotic Insoles Market players are Hanger Inc, Reckitt Benckiser Group PLC, Implus Footcare LLC, Bauerfeind AG, Superfeet Worldwide Inc and others.

Technological advancements such as smart insoles and 3D printing for customizable orthotic insoles using advanced materials and growing awareness of the benefits of foot orthotics will create growth opportunities for the market during the forecast period.

Foot conditions and ailments such as flat feet, plantar fasciitis, and heel spurs, as well as the increasing demand for comfortable and supportive footwear, drive market expansion.