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:
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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 Others
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By Flexibility | |
By Type of Material | |
By End-Use | |
By Gender Use | |
By Distribution Channel | Hospitals/Clinics Retail Stores Online Stores Others
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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).
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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
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 | Hanger Inc. Reckitt Benckiser Group PLC Implus Footcare LLC Superfeet Worldwide Inc. Bauerfeind AG Ottobock SE & Co. KGaA Aetrex Worldwide, Inc. Footbalance Systems Ltd. Össur hf Algeo Limited Groupe Gorge Colfax Corporation Materialise NV New Balance Athletics, Inc. Darco International Inc
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