The foot orthotic insoles market was valued at $3,148.16 million in 2021 and is estimated to reach $5,741.00 million by 2031, exhibiting a CAGR of 6.4% from 2022 to 2031.The foot orthotic insole is designed to stabilize the biomechanical alignment of the foot & cure foot deformities. Many individuals are now adopting advanced-designed orthotic insoles which reduce pain and provide them with personal comfort in their daily life. A foot deformity is a type of foot disorder that can be inherited or acquired. The such deformity may include hammer toe, club foot, flat feet, pes cavus, and others, and are caused by wearing shoes that are too tight or not tight enough to support the toes on one foot.
Foot orthotic insoles are a type of medical device that is prescribed by physicians to treat foot deformities, and reduce pain. The foot orthotic insoles are made up of thermoplastics, ethyl-vinyl acetate (EVA), foams, composite carbon fibers, and leather. The foot orthotic insoles are also used by sports players and athletes. It has broad applications in the medical field and personal comfort. These applications of foot orthotic insoles drive the growth of this market.
Major factors that drive the growth of the foot orthotic insoles market include a rise in technological advancement in foot orthotic insoles, a rise in the prevalence of bunions, hammertoes, mallet toes, claw toes, and flat feet among the global population, and a surge in the number of incidences of pain in the foot.
For instance, according to the U.S. National Library of Medicine, in 2021, estimated that around 24% of community-dwelling adults over the age of 45 experience frequent foot pain. This has led to an increase in the requirement for foot orthotic insoles and drives the growth of the foot orthotic insoles market.
Furthermore, according to the research article “Evaluation of orthotic insoles for people with diabetes who are at-risk of first ulceration” in the Journal of Foot and Ankle Research, published in June 2021, suitably designed orthotic insoles are proven to reduce plantar pressures in patients at risk of plantar ulceration; therefore, increase in the prevalence of diabetes that further led to diabetic foot ulcers boost the growth of foot orthotic insoles market. For instance, according to the 9th edition of the International Diabetes Federation, 463 million people are currently affected by diabetes globally, and it is expected to increase to 642 million by 2040. The increase in participation of sportspersons and athletes that require orthotic insoles enhances the growth of this market.
However, the high costs of orthotic insoles are expected to hamper the market growth. For instance, according to Tread Labs, custom orthotics are expensive, costing approximately from $200 to $800. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for foot orthotic insoles device manufacturers worldwide in the future.
Furthermore, the healthcare business is projected to witness growth, owing to a rise in the number of inherited foot deformities, and a rise in research of advanced foot orthotic insoles which boost the growth of the foot orthotic insoles market. For instance, in 2021, Talita Cumi Ltd., in collaboration with Aetrex Worldwide Inc., initiated a comparative clinical trial to investigate the use of prefabricated orthotics in shoes, combined with the help of indoor comfort sandals with built-in arch support, to benefit the treatment of plantar fasciitis more than the sole use of prefabricated orthotics in shoes alone. Moreover, the increase in the number of sportspersons and athletics propelled the demand for foot orthotic insoles and rise in awareness regarding the use of orthotic insoles for reducing pain in developing countries such as India, and China driving the growth of the foot orthotic insoles market. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
In addition, a rise in R&D investments in the discovery & development of effective orthotic soles, a significant rise in capital income in developed countries, and a rise in key strategies including product launch, collaboration, merger, and acquisition adopted by key players strengthen demand for foot orthotic insoles devices in the market.
For instance, in February 2022, Digital Orthotics Laboratories Australia Pty Ltd. launched a new DOLA iPhone scanning feature. The scanning feature provides easy scanning of feet & foam impression boxes and has various characteristics including attaching clinical photos and clinical notes, and instant 1 touch orthotic ordering. Hence, such factors drive the growth of the foot orthotic insoles market.
The foot orthotic insoles market is segmented on the basis of material, application, distribution channel, and region. On the basis of material, the market is classified into thermoplastics, ethyl-vinyl acetate (EVA), foams, composite carbon fibers, and others. On the basis of application, the market is classified into sports & athletics, medical, and personal comfort. Depending on the distribution channel, it is fragmented into hospital pharmacies, retail stores, and online stores. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The major players profiled in the report are A. Algeo Ltd., Acor Orthopaedic, Inc., Aetrex Inc., Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, Foot Science International, FootBalance System Ltd, Superfeet Worldwide, Llc, Thuasne, Tynorindia.
Foot orthotic insoles are a type of medical device that is prescribed by physicians to treat foot deformities, and reduce pain. The foot orthotic insoles are made up of thermoplastics, ethyl-vinyl acetate (EVA), foams, composite carbon fibers, and leather. The foot orthotic insoles are also used by sports players and athletes. It has broad applications in the medical field and personal comfort. These applications of foot orthotic insoles drive the growth of this market.
Major factors that drive the growth of the foot orthotic insoles market include a rise in technological advancement in foot orthotic insoles, a rise in the prevalence of bunions, hammertoes, mallet toes, claw toes, and flat feet among the global population, and a surge in the number of incidences of pain in the foot.
For instance, according to the U.S. National Library of Medicine, in 2021, estimated that around 24% of community-dwelling adults over the age of 45 experience frequent foot pain. This has led to an increase in the requirement for foot orthotic insoles and drives the growth of the foot orthotic insoles market.
Furthermore, according to the research article “Evaluation of orthotic insoles for people with diabetes who are at-risk of first ulceration” in the Journal of Foot and Ankle Research, published in June 2021, suitably designed orthotic insoles are proven to reduce plantar pressures in patients at risk of plantar ulceration; therefore, increase in the prevalence of diabetes that further led to diabetic foot ulcers boost the growth of foot orthotic insoles market. For instance, according to the 9th edition of the International Diabetes Federation, 463 million people are currently affected by diabetes globally, and it is expected to increase to 642 million by 2040. The increase in participation of sportspersons and athletes that require orthotic insoles enhances the growth of this market.
However, the high costs of orthotic insoles are expected to hamper the market growth. For instance, according to Tread Labs, custom orthotics are expensive, costing approximately from $200 to $800. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for foot orthotic insoles device manufacturers worldwide in the future.
Furthermore, the healthcare business is projected to witness growth, owing to a rise in the number of inherited foot deformities, and a rise in research of advanced foot orthotic insoles which boost the growth of the foot orthotic insoles market. For instance, in 2021, Talita Cumi Ltd., in collaboration with Aetrex Worldwide Inc., initiated a comparative clinical trial to investigate the use of prefabricated orthotics in shoes, combined with the help of indoor comfort sandals with built-in arch support, to benefit the treatment of plantar fasciitis more than the sole use of prefabricated orthotics in shoes alone. Moreover, the increase in the number of sportspersons and athletics propelled the demand for foot orthotic insoles and rise in awareness regarding the use of orthotic insoles for reducing pain in developing countries such as India, and China driving the growth of the foot orthotic insoles market. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
In addition, a rise in R&D investments in the discovery & development of effective orthotic soles, a significant rise in capital income in developed countries, and a rise in key strategies including product launch, collaboration, merger, and acquisition adopted by key players strengthen demand for foot orthotic insoles devices in the market.
For instance, in February 2022, Digital Orthotics Laboratories Australia Pty Ltd. launched a new DOLA iPhone scanning feature. The scanning feature provides easy scanning of feet & foam impression boxes and has various characteristics including attaching clinical photos and clinical notes, and instant 1 touch orthotic ordering. Hence, such factors drive the growth of the foot orthotic insoles market.
The foot orthotic insoles market is segmented on the basis of material, application, distribution channel, and region. On the basis of material, the market is classified into thermoplastics, ethyl-vinyl acetate (EVA), foams, composite carbon fibers, and others. On the basis of application, the market is classified into sports & athletics, medical, and personal comfort. Depending on the distribution channel, it is fragmented into hospital pharmacies, retail stores, and online stores. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The major players profiled in the report are A. Algeo Ltd., Acor Orthopaedic, Inc., Aetrex Inc., Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, Foot Science International, FootBalance System Ltd, Superfeet Worldwide, Llc, Thuasne, Tynorindia.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the foot orthotic insoles market analysis from 2021 to 2031 to identify the prevailing foot orthotic insoles market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the foot orthotic insoles market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global foot orthotic insoles market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
- Thermoplastics
- Ethyl-vinyl Acetate (EVA)
- Foam
- Composite Carbon Fiber
- Others
By Application
- Sports and Athletics
- Medical
- Personal Comfort
By Distribution Channel
- Hospital Pharmacies
- Retail Stores
- Online Stores
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Thuasne
- Acor Orthopaedic, Inc.
- Aetrex Inc.
- Tynorindia
- Bauerfeind
- Superfeet Worldwide, Llc
- A. Algeo Ltd.
- Foot Science International
- Footbalance System Ltd.
- Digital Orthotics Laboratories Australia Pty Ltd
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in prevalence of foot deformities and pain
3.4.1.2. Increase in geriatric population
3.4.2. Restraints
3.4.2.1. Low penetration in emerging countries with high cost of custom-made insoles
3.4.3. Opportunities
3.4.3.1. Rise in demand of foot orthotic insoles by sports and athletics
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: FOOT ORTHOTIC INSOLES MARKET, BY MATERIAL
4.1 Overview
4.1.1 Market size and forecast
4.2. Thermoplastics
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Ethyl-vinyl Acetate (EVA)
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Foam
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Composite Carbon Fiber
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
CHAPTER 5: FOOT ORTHOTIC INSOLES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2. Sports and Athletics
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Medical
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Personal Comfort
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
CHAPTER 6: FOOT ORTHOTIC INSOLES MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2. Hospital Pharmacies
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Retail Stores
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Online Stores
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
CHAPTER 7: FOOT ORTHOTIC INSOLES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Material
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Distribution Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Material
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by Distribution Channel
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Material
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by Distribution Channel
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Material
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by Distribution Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Material
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Distribution Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Material
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by Distribution Channel
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Material
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by Distribution Channel
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Material
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by Distribution Channel
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Material
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by Distribution Channel
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Material
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by Distribution Channel
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Material
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by Distribution Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Material
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Material
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by Distribution Channel
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Material
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by Distribution Channel
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Material
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by Distribution Channel
7.4.5.4 Australia
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Material
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by Distribution Channel
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Material
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by Distribution Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Material
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Distribution Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Material
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by Distribution Channel
7.5.5.2 Saudi Arabia
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Material
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by Distribution Channel
7.5.5.3 South Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Material
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by Distribution Channel
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Material
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by Distribution Channel
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 Thuasne
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Acor Orthopaedic, Inc.
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Aetrex Inc.
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Tynorindia
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Bauerfeind
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Superfeet Worldwide, Llc
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 A. Algeo Ltd.
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Foot Science International
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Footbalance System Ltd.
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Digital Orthotics Laboratories Australia Pty Ltd
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
List of Tables
Table 1. Global Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 2. Foot Orthotic Insoles Market for Thermoplastics, by Region, 2021-2031 (Revenue, $Million)
Table 3. Foot Orthotic Insoles Market for Ethyl-Vinyl Acetate (Eva), by Region, 2021-2031 (Revenue, $Million)
Table 4. Foot Orthotic Insoles Market for Foam, by Region, 2021-2031 (Revenue, $Million)
Table 5. Foot Orthotic Insoles Market for Composite Carbon Fiber, by Region, 2021-2031 (Revenue, $Million)
Table 6. Foot Orthotic Insoles Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 7. Global Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 8. Foot Orthotic Insoles Market for Sports and Athletics, by Region, 2021-2031 (Revenue, $Million)
Table 9. Foot Orthotic Insoles Market for Medical, by Region, 2021-2031 (Revenue, $Million)
Table 10. Foot Orthotic Insoles Market for Personal Comfort, by Region, 2021-2031 (Revenue, $Million)
Table 11. Global Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 12. Foot Orthotic Insoles Market for Hospital Pharmacies, by Region, 2021-2031 (Revenue, $Million)
Table 13. Foot Orthotic Insoles Market for Retail Stores, by Region, 2021-2031 (Revenue, $Million)
Table 14. Foot Orthotic Insoles Market for Online Stores, by Region, 2021-2031 (Revenue, $Million)
Table 15. Foot Orthotic Insoles Market, by Region, 2021-2031 (Revenue, $Million)
Table 16. North America Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 17. North America Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 18. North America Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 19. North America Foot Orthotic Insoles Market, by Country, 2021-2031 (Revenue, $Million)
Table 20. U.S. Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 21. U.S. Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 22. U.S. Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 23. Canada Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 24. Canada Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 25. Canada Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 26. Mexico Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 27. Mexico Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 28. Mexico Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 29. Europe Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 30. Europe Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 31. Europe Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 32. Europe Foot Orthotic Insoles Market, by Country, 2021-2031 (Revenue, $Million)
Table 33. Germany Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 34. Germany Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 35. Germany Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 36. France Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 37. France Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. France Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 39. UK Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 40. UK Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 41. UK Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 42. Italy Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 43. Italy Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Italy Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 45. Spain Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 46. Spain Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Spain Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 48. Rest of Europe Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 49. Rest of Europe Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 50. Rest of Europe Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 51. Asia-Pacific Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 52. Asia-Pacific Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 53. Asia-Pacific Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 54. Asia-Pacific Foot Orthotic Insoles Market, by Country, 2021-2031 (Revenue, $Million)
Table 55. China Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 56. China Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 57. China Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 58. Japan Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 59. Japan Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. Japan Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 61. India Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 62. India Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. India Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 64. Australia Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 65. Australia Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Australia Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 67. Rest of Asia-Pacific Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 69. Rest of Asia-Pacific Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 73. LAMEA Foot Orthotic Insoles Market, by Country, 2021-2031 (Revenue, $Million)
Table 74. Brazil Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 75. Brazil Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. Brazil Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 77. Saudi Arabia Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 78. Saudi Arabia Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 79. Saudi Arabia Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 80. South Africa Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 81. South Africa Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 82. South Africa Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 83. Rest of LAMEA Foot Orthotic Insoles Market, by Material, 2021-2031 (Revenue, $Million)
Table 84. Rest of LAMEA Foot Orthotic Insoles Market, by Application, 2021-2031 (Revenue, $Million)
Table 85. Rest of LAMEA Foot Orthotic Insoles Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 86. Thuasne: Key Executives
Table 87. Thuasne: Company Snapshot
Table 88. Thuasne: Operating Segments
Table 89. Thuasne: Product Portfolio
Table 90. Thuasne: Net Sales
Table 91. Thuasne: Key Stratergies
Table 92. Acor Orthopaedic, Inc.: Key Executives
Table 93. Acor Orthopaedic, Inc.: Company Snapshot
Table 94. Acor Orthopaedic, Inc.: Operating Segments
Table 95. Acor Orthopaedic, Inc.: Product Portfolio
Table 96. Acor Orthopaedic, Inc.: Net Sales
Table 97. Acor Orthopaedic, Inc.: Key Stratergies
Table 98. Aetrex Inc.: Key Executives
Table 99. Aetrex Inc.: Company Snapshot
Table 100. Aetrex Inc.: Operating Segments
Table 101. Aetrex Inc.: Product Portfolio
Table 102. Aetrex Inc.: Net Sales
Table 103. Aetrex Inc.: Key Stratergies
Table 104. Tynorindia: Key Executives
Table 105. Tynorindia: Company Snapshot
Table 106. Tynorindia: Operating Segments
Table 107. Tynorindia: Product Portfolio
Table 108. Tynorindia: Net Sales
Table 109. Tynorindia: Key Stratergies
Table 110. Bauerfeind: Key Executives
Table 111. Bauerfeind: Company Snapshot
Table 112. Bauerfeind: Operating Segments
Table 113. Bauerfeind: Product Portfolio
Table 114. Bauerfeind: Net Sales
Table 115. Bauerfeind: Key Stratergies
Table 116. Superfeet Worldwide, LLC: Key Executives
Table 117. Superfeet Worldwide, LLC: Company Snapshot
Table 118. Superfeet Worldwide, LLC: Operating Segments
Table 119. Superfeet Worldwide, LLC: Product Portfolio
Table 120. Superfeet Worldwide, LLC: Net Sales
Table 121. Superfeet Worldwide, LLC: Key Stratergies
Table 122. A. Algeo Ltd.: Key Executives
Table 123. A. Algeo Ltd.: Company Snapshot
Table 124. A. Algeo Ltd.: Operating Segments
Table 125. A. Algeo Ltd.: Product Portfolio
Table 126. A. Algeo Ltd.: Net Sales
Table 127. A. Algeo Ltd.: Key Stratergies
Table 128. Foot Science International: Key Executives
Table 129. Foot Science International: Company Snapshot
Table 130. Foot Science International: Operating Segments
Table 131. Foot Science International: Product Portfolio
Table 132. Foot Science International: Net Sales
Table 133. Foot Science International: Key Stratergies
Table 134. Footbalance System Ltd.: Key Executives
Table 135. Footbalance System Ltd.: Company Snapshot
Table 136. Footbalance System Ltd.: Operating Segments
Table 137. Footbalance System Ltd.: Product Portfolio
Table 138. Footbalance System Ltd.: Net Sales
Table 139. Footbalance System Ltd.: Key Stratergies
Table 140. Digital Orthotics Laboratories Australia Pty Ltd: Key Executives
Table 141. Digital Orthotics Laboratories Australia Pty Ltd: Company Snapshot
Table 142. Digital Orthotics Laboratories Australia Pty Ltd: Operating Segments
Table 143. Digital Orthotics Laboratories Australia Pty Ltd: Product Portfolio
Table 144. Digital Orthotics Laboratories Australia Pty Ltd: Net Sales
Table 145. Digital Orthotics Laboratories Australia Pty Ltd: Key Stratergies
List of Figures
Figure 1. Segmentation of Foot Orthotic Insoles Market, 2021-2031
Figure 2. Foot Orthotic Insoles Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Foot Orthotic Insoles Market: Drivers, Restraints and Opportunities
Figure 10. Foot Orthotic Insoles Market, by Material, 2021 (%)
Figure 11. Comparative Share Analysis of Thermoplastics Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Ethyl-Vinyl Acetate (Eva) Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Foam Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Composite Carbon Fiber Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Others Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 16. Foot Orthotic Insoles Market, by Application, 2021 (%)
Figure 17. Comparative Share Analysis of Sports and Athletics Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Medical Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Personal Comfort Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 20. Foot Orthotic Insoles Market, by Distribution Channel, 2021 (%)
Figure 21. Comparative Share Analysis of Hospital Pharmacies Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Retail Stores Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Online Stores Foot Orthotic Insoles Market, 2021 and 2031 (%)
Figure 24. Foot Orthotic Insoles Market by Region, 2021
Figure 25. U.S. Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 26. Canada Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 27. Mexico Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 28. Germany Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 29. France Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 30. UK Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 31. Italy Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 32. Spain Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 33. Rest of Europe Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 34. China Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 35. Japan Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 36. India Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 37. Australia Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 38. Rest of Asia-Pacific Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 39. Brazil Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 40. Saudi Arabia Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 41. South Africa Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 42. Rest of LAMEA Foot Orthotic Insoles Market, 2021-2031 ($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap of Top 10 Key Players
Figure 49. Top Player Positioning, 2021
Figure 50. Thuasne.: Net Sales ($Million)
Figure 51. Acor Orthopaedic, Inc..: Net Sales ($Million)
Figure 52. Aetrex Inc..: Net Sales ($Million)
Figure 53. Tynorindia.: Net Sales ($Million)
Figure 54. Bauerfeind.: Net Sales ($Million)
Figure 55. Superfeet Worldwide, LLC.: Net Sales ($Million)
Figure 56. A. Algeo Ltd..: Net Sales ($Million)
Figure 57. Foot Science International.: Net Sales ($Million)
Figure 58. Footbalance System Ltd..: Net Sales ($Million)
Figure 59. Digital Orthotics Laboratories Australia Pty Ltd.: Net Sales ($Million)
Executive Summary
According to the report titled, “Foot Orthotic Insoles Market," The foot orthotic insoles market size was valued at $3.2 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.Foot orthotic insoles are prescribed medical devices that are used to correct biomechanical foot problems. The purpose of these orthotic insoles is to provide optimal arch support to keep the foot in a normal position, prevent excessive pronation and align the foot and body.
Key factors driving the foot orthotic insoles market growth include the rise in the prevalence of foot diseases including clubfoot, bunions, hammertoes, mallet toes, and claw toes, and an increase in the geriatric population that is vulnerable to foot pain, and heel spurs. The rise in the prevalence of foot diseases including clubfoot, bunions, hammertoes, mallet toes, and claw toes, drives the growth of the foot orthotic insoles market. For instance, according to the U.S. National Library of Medicine, in 2021, estimated that around 24% of community-dwelling adults over the age of 45 experience frequent foot pain. This has led to an increase in the requirement for foot orthotic insoles and drives the growth of the foot orthotic insoles market. In addition, the rise in the prevalence of flat foot problem propel the demand for foot orthotic insoles and boost the growth of this market. For instance, according to Orthopedic Associates 2022 update, 60 million Americans, or 25% of the U.S. population have flat feet.
Foot orthotic insoles play an important role in reducing stress and strain on the soft tissue system of the lower limbs. They improve muscular activity and performance while also lowering the risk of soft tissue injuries brought on by stress, strain, or stretching, which can result in mechanical damage to the athlete's soft tissues. So, the rise in sports-related injuries such as sprains, strains, tendinitis, and contusions, and the rise in incidences of tendon tears drive the growth of the foot orthotic insoles market. For instance, according to a John Hopkins Medicine article, 30 million individuals participated in organized sports, resulting in more than 3.5 million sports injuries annually in the U.S., with sprains and strains. According to a review article of the National Library of Medicine published in 2022, the Achilles tendon has a cumulative lifetime injury incidence of approximately 24% in athletes. According to the same source, running-related injuries have a prevalence between 11% and 85% or 2.5 to 59 injuries per 1000 hours of running. Thus, such factors are expected to increase the demand for foot orthotic insoles and boos the growth of this market during the forecast period.
The market also offers growth opportunities to the key players in the market. An increase in R&D investments and the launch of novel foot orthotic insoles products have gained high traction in the last 5 years. The growth of such platforms is further accelerated by the rise in demand for foot orthotic insoles in sports and athletics. As a result, the key players engaged in the medical devices industry have invested in R&D for the discovery of new foot orthotic insoles that are expected to gain high traction and provide lucrative opportunities for the growth of the foot orthotic insoles market size.
The foot orthotic insoles market analysis is segmented on the basis of material, application, distribution channel, and region. On the basis of material, the market is classified into thermoplastics, ethyl-vinyl acetate (EVA), foams, composite carbon fibers, and others. On the basis of application, the market is classified into sports & athletics, medical, and personal comfort. Depending on the distribution channel, it is fragmented into hospital pharmacies, retail stores, and online stores. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The key players profiled in the foot orthotic insoles market share include A. Algeo Ltd., Acor Orthopaedic, Inc., Aetrex Inc., Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, Foot Science International, FootBalance System Ltd, Superfeet Worldwide, Llc, Thuasne, Tynorindia. The players in the market have been actively engaged in the adoption of various strategies such as innovation to remain competitive and gain an advantage over the competitors in the market. For instance, in February 2022, Digital Orthotics Laboratories Australia Pty Ltd launched the DOLA iPhone scanning Guide. With this feature, patients can scan, prescribe, and order orthotics using their iPhones.
Key Market Insights
- By material, the ethyl-vinyl acetate (EVA) segment was the highest revenue contributor to the market in 2021 and is estimated to reach $ 2,229.8 million by 2031 and is expected to be the fastest-growing segment with a CAGR of 6.9% during the foot orthotic insoles market forecast period.
- The study provides an in-depth analysis of the global foot orthotic insoles industry along with the current Foot Orthotic Insoles Market Trends and future estimations to explain the imminent investment pockets.
- On the basis of application, the personal comfort segment is expected to witness the highest CAGR of 7.3% during the forecast period.
- Based on the distribution channel, the online store's segment witnessed a CAGR of 7.3% during the forecast period.
- Based on region, North America Foot Orthotic Insoles Industry garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 7.8% during the forecast period.
Companies Mentioned
- Thuasne
- Acor Orthopaedic, Inc.
- Aetrex Inc.
- Tynorindia
- Bauerfeind
- Superfeet Worldwide, Llc
- A. Algeo Ltd.
- Foot Science International
- Footbalance System Ltd.
- Digital Orthotics Laboratories Australia Pty Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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