The foot orthotic insoles market size has grown strongly in recent years. It will grow from $3.55 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be attributed to several factors, including medical advancements in podiatry, technological innovations in materials used for orthotic insoles, the influence of sports medicine practices, a growing trend among health-conscious consumers, and the merging of fashion with functionality in the design of foot orthotic insoles. These factors collectively contributed to the increasing adoption and demand for orthotic insoles during the specified historical timeframe.
The foot orthotic insoles market size is expected to see strong growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to various factors, including the rise in chronic conditions prompting the need for foot orthotic insoles, the expansion of e-commerce facilitating easier accessibility, the influence of an aging population seeking comfort and support, the popularity of fashionable and functional designs, recommendations from the medical community, and the impact of athletic and fitness trends on the market. Major trends expected in this forecast period include an increased focus on medical professional recommendations, the fusion of fashion and comfort in design, growth in the sports and fitness market, a rise in customization and personalization options, and advancements in material science contributing to improved product offerings.
The anticipated increase in diabetes cases is poised to drive the expansion of the foot orthotic insoles market. Diabetes, a chronic metabolic condition characterized by elevated blood glucose levels, poses severe risks to various bodily systems over time. Foot orthotic insoles play a crucial role in managing diabetic foot conditions such as Charcot arthropathy and foot ulcers. The surge in diabetes prevalence, highlighted in the IDF Diabetes Atlas by the International Diabetes Federation, forecasts a global rise from 537 million adults with diabetes in 2021 to an estimated 643 million by 2030 and a staggering 783 million by 2045. Consequently, this escalation in diabetes cases is significantly contributing to the growth of the foot orthotic insoles market.
The increasing population of elderly individuals is expected to be a key driver in propelling the growth of the foot orthotic insoles market. This demographic shift toward an aging populace necessitates solutions to cater to age-related foot issues, and foot orthotic insoles serve as an essential support system, aiding in balance, mobility, and alleviating discomfort. Projections by the World Health Organization indicate a substantial increase in the elderly population globally, with an estimated one in every six individuals being 60 years or older by 2030. The population aged 60 and above is set to grow from 1 billion in 2020 to 1.4 billion by 2030, and by 2050, it is anticipated to double to 2.1 billion. As a result, the rising aging population is a significant driving force behind the foot orthotic insoles market.
Product innovation stands out as a crucial trend fueling growth in the foot orthotic insoles market. Leading companies within this sector are focusing on developing inventive solutions to fortify their market presence. Notably, in May 2022, New Balance, a renowned US-based sports footwear and apparel manufacturer, introduced the casual therapeutic cushion insoles, crafted in collaboration with Superfeet. These insoles feature an exceptional design employing extra-soft foam that conforms to sensitive feet, providing relief and support. With flexible construction and heel-to-toe cushioning, these hypoallergenic insoles cradle the foot, ensuring comfort and support for individuals with sensitive feet, reflecting the industry's commitment to innovative product development.
Prominent players in the foot orthotic insoles market are placing a significant emphasis on the development of AI-powered smart insoles as part of their global market expansion strategy. These smart insoles, integrating artificial intelligence (AI) functionalities, represent technologically advanced shoe inserts that offer enhanced capabilities. An exemplary instance is the January 2022 launch of Digitsole Pro by Digitsole, a France-based innovator in smart footwear. This cutting-edge system is engineered to revolutionize digital health through smart insoles designed for clinical assessment and patient mobility. By harnessing inertial platforms and AI algorithms, it collects and analyzes biomechanical data, facilitating more effective treatment options and aiding in the recovery process for various conditions. Notably, Digitsole Pro incorporates DSPods, the world's smallest foot inertial measurement unit module, enabling comprehensive evaluation of movement impact, both quantitatively and qualitatively, to foster improvements in patient health outcomes.
In February 2022, Foot Solutions, a renowned US-based retailer specializing in wellness footwear and orthotic insoles, made an undisclosed acquisition of Happy Feet Plus. This strategic move was aimed at consolidating Foot Solutions' position within the global orthotic insoles market by leveraging over 59 years of collective experience in preserving customers' foot health. Happy Feet Plus, an established US-based specialty footwear retailer, joins forces with Foot Solutions, potentially strengthening their market presence and amplifying their expertise in catering to foot health and wellness needs.
Major companies operating in the foot orthotic insoles market report are Hanger Inc., Implus LLC, Footbalance Systems Ltd., Thuasne SAS, Foot Science International, Aetrex Worldwide Inc., Tynor Orthotics Pvt. Ltd., DJO Global Inc., Acor Orthopedic Inc., Algeo Limited, KLM Laboratories Inc., Arden Orthotics Ltd., Bauerfeind AG, ComfortFit Orthotic Labs Inc., Bolton Bros Limited, Superfeet Worldwide Inc., Birkenstock Orthopädie GmbH & Co. KG, Spenco Medical Corporation, SOLO Laboratories Inc., Foot Levelers Inc., Vasyli Medical, Ottobock SE & Co. KGaA, Össur hf Corp., Fillauer LLC, Cascade Dafo Inc., Allard USA Inc., ProLab Orthotics Ltd., SureFit Inc., Langer Biomechanics, Pedorthic Shoe Company.
North America was the largest region in the foot orthotic insoles market in 2023. The regions covered in the foot orthotic insoles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the foot orthotic insoles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of foot orthotic insoles are prefabricated and customized. Prefabricated orthotics are tools designed to address common foot issues. These devices are crafted from a variety of materials, including thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethylene-vinyl acetate, gel, and others. Foot orthotic insoles find applications in medical settings, sports and athletics, as well as personal use. They are available for purchase through drug stores, hospitals, specialty clinics, online stores, and other outlets.
The foot orthotic insoles market research report is one of a series of new reports that provides foot orthotic insoles market statistics, including foot orthotic insoles industry global market size, regional shares, competitors with foot orthotic insoles market share, detailed foot orthotic insoles market segments, market trends, and opportunities, and any further data you may need to thrive in the foot orthotic insoles industry. This foot orthotic insoles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The foot orthotic insoles market size is expected to see strong growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to various factors, including the rise in chronic conditions prompting the need for foot orthotic insoles, the expansion of e-commerce facilitating easier accessibility, the influence of an aging population seeking comfort and support, the popularity of fashionable and functional designs, recommendations from the medical community, and the impact of athletic and fitness trends on the market. Major trends expected in this forecast period include an increased focus on medical professional recommendations, the fusion of fashion and comfort in design, growth in the sports and fitness market, a rise in customization and personalization options, and advancements in material science contributing to improved product offerings.
The anticipated increase in diabetes cases is poised to drive the expansion of the foot orthotic insoles market. Diabetes, a chronic metabolic condition characterized by elevated blood glucose levels, poses severe risks to various bodily systems over time. Foot orthotic insoles play a crucial role in managing diabetic foot conditions such as Charcot arthropathy and foot ulcers. The surge in diabetes prevalence, highlighted in the IDF Diabetes Atlas by the International Diabetes Federation, forecasts a global rise from 537 million adults with diabetes in 2021 to an estimated 643 million by 2030 and a staggering 783 million by 2045. Consequently, this escalation in diabetes cases is significantly contributing to the growth of the foot orthotic insoles market.
The increasing population of elderly individuals is expected to be a key driver in propelling the growth of the foot orthotic insoles market. This demographic shift toward an aging populace necessitates solutions to cater to age-related foot issues, and foot orthotic insoles serve as an essential support system, aiding in balance, mobility, and alleviating discomfort. Projections by the World Health Organization indicate a substantial increase in the elderly population globally, with an estimated one in every six individuals being 60 years or older by 2030. The population aged 60 and above is set to grow from 1 billion in 2020 to 1.4 billion by 2030, and by 2050, it is anticipated to double to 2.1 billion. As a result, the rising aging population is a significant driving force behind the foot orthotic insoles market.
Product innovation stands out as a crucial trend fueling growth in the foot orthotic insoles market. Leading companies within this sector are focusing on developing inventive solutions to fortify their market presence. Notably, in May 2022, New Balance, a renowned US-based sports footwear and apparel manufacturer, introduced the casual therapeutic cushion insoles, crafted in collaboration with Superfeet. These insoles feature an exceptional design employing extra-soft foam that conforms to sensitive feet, providing relief and support. With flexible construction and heel-to-toe cushioning, these hypoallergenic insoles cradle the foot, ensuring comfort and support for individuals with sensitive feet, reflecting the industry's commitment to innovative product development.
Prominent players in the foot orthotic insoles market are placing a significant emphasis on the development of AI-powered smart insoles as part of their global market expansion strategy. These smart insoles, integrating artificial intelligence (AI) functionalities, represent technologically advanced shoe inserts that offer enhanced capabilities. An exemplary instance is the January 2022 launch of Digitsole Pro by Digitsole, a France-based innovator in smart footwear. This cutting-edge system is engineered to revolutionize digital health through smart insoles designed for clinical assessment and patient mobility. By harnessing inertial platforms and AI algorithms, it collects and analyzes biomechanical data, facilitating more effective treatment options and aiding in the recovery process for various conditions. Notably, Digitsole Pro incorporates DSPods, the world's smallest foot inertial measurement unit module, enabling comprehensive evaluation of movement impact, both quantitatively and qualitatively, to foster improvements in patient health outcomes.
In February 2022, Foot Solutions, a renowned US-based retailer specializing in wellness footwear and orthotic insoles, made an undisclosed acquisition of Happy Feet Plus. This strategic move was aimed at consolidating Foot Solutions' position within the global orthotic insoles market by leveraging over 59 years of collective experience in preserving customers' foot health. Happy Feet Plus, an established US-based specialty footwear retailer, joins forces with Foot Solutions, potentially strengthening their market presence and amplifying their expertise in catering to foot health and wellness needs.
Major companies operating in the foot orthotic insoles market report are Hanger Inc., Implus LLC, Footbalance Systems Ltd., Thuasne SAS, Foot Science International, Aetrex Worldwide Inc., Tynor Orthotics Pvt. Ltd., DJO Global Inc., Acor Orthopedic Inc., Algeo Limited, KLM Laboratories Inc., Arden Orthotics Ltd., Bauerfeind AG, ComfortFit Orthotic Labs Inc., Bolton Bros Limited, Superfeet Worldwide Inc., Birkenstock Orthopädie GmbH & Co. KG, Spenco Medical Corporation, SOLO Laboratories Inc., Foot Levelers Inc., Vasyli Medical, Ottobock SE & Co. KGaA, Össur hf Corp., Fillauer LLC, Cascade Dafo Inc., Allard USA Inc., ProLab Orthotics Ltd., SureFit Inc., Langer Biomechanics, Pedorthic Shoe Company.
North America was the largest region in the foot orthotic insoles market in 2023. The regions covered in the foot orthotic insoles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the foot orthotic insoles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of foot orthotic insoles are prefabricated and customized. Prefabricated orthotics are tools designed to address common foot issues. These devices are crafted from a variety of materials, including thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethylene-vinyl acetate, gel, and others. Foot orthotic insoles find applications in medical settings, sports and athletics, as well as personal use. They are available for purchase through drug stores, hospitals, specialty clinics, online stores, and other outlets.
The foot orthotic insoles market research report is one of a series of new reports that provides foot orthotic insoles market statistics, including foot orthotic insoles industry global market size, regional shares, competitors with foot orthotic insoles market share, detailed foot orthotic insoles market segments, market trends, and opportunities, and any further data you may need to thrive in the foot orthotic insoles industry. This foot orthotic insoles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Foot Orthotic Insoles Market Characteristics3. Foot Orthotic Insoles Market Trends and Strategies31. Global Foot Orthotic Insoles Market Competitive Benchmarking32. Global Foot Orthotic Insoles Market Competitive Dashboard33. Key Mergers and Acquisitions in the Foot Orthotic Insoles Market
4. Foot Orthotic Insoles Market - Macro Economic Scenario
5. Global Foot Orthotic Insoles Market Size and Growth
6. Foot Orthotic Insoles Market Segmentation
7. Foot Orthotic Insoles Market Regional and Country Analysis
8. Asia-Pacific Foot Orthotic Insoles Market
9. China Foot Orthotic Insoles Market
10. India Foot Orthotic Insoles Market
11. Japan Foot Orthotic Insoles Market
12. Australia Foot Orthotic Insoles Market
13. Indonesia Foot Orthotic Insoles Market
14. South Korea Foot Orthotic Insoles Market
15. Western Europe Foot Orthotic Insoles Market
16. UK Foot Orthotic Insoles Market
17. Germany Foot Orthotic Insoles Market
18. France Foot Orthotic Insoles Market
19. Italy Foot Orthotic Insoles Market
20. Spain Foot Orthotic Insoles Market
21. Eastern Europe Foot Orthotic Insoles Market
22. Russia Foot Orthotic Insoles Market
23. North America Foot Orthotic Insoles Market
24. USA Foot Orthotic Insoles Market
25. Canada Foot Orthotic Insoles Market
26. South America Foot Orthotic Insoles Market
27. Brazil Foot Orthotic Insoles Market
28. Middle East Foot Orthotic Insoles Market
29. Africa Foot Orthotic Insoles Market
30. Foot Orthotic Insoles Market Competitive Landscape and Company Profiles
34. Foot Orthotic Insoles Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Foot Orthotic Insoles Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on foot orthotic insoles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for foot orthotic insoles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Prefabricated; Customized
2) By Material: Thermoplastics; Polyethylene Foams; Leather; Cork; Composite Carbon Fibers; Ethylene-vinyl Acetate; Gel; Other Materials
3) By Application: Medical; Sports and Athletics; Personal
4) By Distribution Channel: Drug Stores; Hospitals and Specialty Clinics; Online Stores; Other Distribution Channels
Companies Mentioned: Hanger Inc.; Implus LLC; Footbalance Systems Ltd.; Thuasne SAS; Foot Science International
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hanger Inc.
- Implus LLC
- Footbalance Systems Ltd.
- Thuasne SAS
- Foot Science International
- Aetrex Worldwide Inc.
- Tynor Orthotics Pvt. Ltd.
- DJO Global Inc.
- Acor Orthopedic Inc.
- Algeo Limited
- KLM Laboratories Inc.
- Arden Orthotics Ltd.
- Bauerfeind AG
- ComfortFit Orthotic Labs Inc.
- Bolton Bros Limited
- Superfeet Worldwide Inc.
- Birkenstock Orthopädie GmbH & Co. KG
- Spenco Medical Corporation
- SOLO Laboratories Inc.
- Foot Levelers Inc.
- Vasyli Medical
- Ottobock SE & Co. KGaA
- Össur hf Corp.
- Fillauer LLC
- Cascade Dafo Inc.
- Allard USA Inc.
- ProLab Orthotics Ltd.
- SureFit Inc.
- Langer Biomechanics
- Pedorthic Shoe Company
Methodology
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