Global Foot Orthotic Insoles Market Report and Forecast 2021-2026

According to this latest report, ‘Global Foot Orthotic Insoles Market Report and Forecast 2021-2026’, the global foot orthotic insoles market attained a value of approximately USD 3329 million in 2020. Aided by the rising popularity of 3D printing, the market is projected to further grow at a CAGR of 5.2% between 2021 and 2026.

Foot orthotic insoles are footwear that is designed to alleviate foot-related issues by aiding in correcting various biomechanical issues of the foot and supporting abnormal movements of feet. Foot orthotic insoles are often required by patients suffering from chronic illnesses such as diabetes which could lead to foot-related issues. They provide extra comfort and support, thus making it easier to stand, walk, and run. Moreover, they absorb shock while redirecting pressure to allow feet to function efficiently. As foot orthotic insoles prevent foot injury, they are extensively used by sportspersons to enhance their performances while reducing the risk of injury. Such advantages of foot orthotic insoles are anticipated to augment the market growth.

The foot orthotic insoles industry is being aided by the increasing research and development (R&D) activities by footwear manufacturers to develop advanced orthotic insoles. The rising popularity of 3D printing owing to the rise of various tech start-ups is leading to the development of innovative and diverse foot orthotic insoles catering to consumers’ demand, which is expected to propel the market growth. The major companies are increasingly investing in 3D printing to provide personalised foot orthotic insoles either by using in-store scanning or by developing apps where consumers can upload digital photos of their feet. This is increasing the demand for foot orthotic insoles, which is projected to invigorate the industry growth. In addition, the latest technologies such as artificial intelligence (AI) and robotics are being integrated to manufacturing to enhance cost-effectiveness and increase profitability. Robotics are increasingly deployed to automate monotonous tasks during manufacturing such as packaging, assembling, and gluing, among others to boost productivity and efficiency, which is providing further impetus to the growth of the foot orthotic insoles industry.

Market Segmentation

The market report analyses the market based on segmentations such as product, material, and major region.

Market Breakup by Product

• Prefabricated
• Customised

Market Segmentation by Material

• Thermoplastics
• Polyethylene Foams
• Leather
• Cork
• Composite Carbon Fibres
• Ethyl-vinyl acetates (EVA)
• Gel
• Others

Market Bifurcation by Age Group

• Adult
• Pediatric

Market Division by End Use

• Sports and Athletics
• Medical
• Diabetes
• Plantar fasciitis
• Arthritis
• Back and Foot Pain
• Others
• Personal Comfort

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the report are:

• Scholl’s Wellness Co.
• Stable Step, LLC
• A. Algeo Ltd
• Birkenstock Group B.V. & Co. KG
• Bauerfeind AG
• Superfeet Worldwide, Inc.
• Others