Foot Orthotic Insole Trends and Forecast
The future of the global foot orthotic insole market looks promising with opportunities in the sport & athletic, medical, and personal comfort markets. The global foot orthotic insole market is expected to reach an estimated $5 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing incidence of diabetes, rising geriatric population, and surge in adoption of eco-friendly materials in manufacturing orthotic insoles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Foot Orthotic Insole by Segment
The study includes a forecast for the global foot orthotic insole by material, application, distribution channel, and region.
Foot Orthotic Insole Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Thermoplastics
• Ethyl-Vinyl Acetate
• Foam
• Composite Carbon Fiber
• Others
Foot Orthotic Insole Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Sports & Athletics
• Medical
• Personal Comfort
• Others
Foot Orthotic Insole Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Hospital Pharmacies
• Retail Stores
• Online Stores
Foot Orthotic Insole Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Foot Orthotic Insole Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies foot orthotic insole companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the foot orthotic insole companies profiled in this report include-
• Footbalance System
• Tynorindia
• Bauerfeind
• Digital Orthotics Laboratories
• Acor Orthopaedic
• A. Algeo
• Thuasne
• Foot Science
• Superfeet
• Aetrex
Foot Orthotic Insole Market Insights
Lucintel forecasts that ethyl-vinyl acetate is expected to witness the highest growth over the forecast period due to the widespread use of ethyl-vinyl acetate in the production of orthotic insoles for the feet and the rise in the frequency of foot pain and deformities.
Within this market, personal comfort is expected to witness the highest growth due to increase in disposable income and growing knowledge towards the health advantages of using orthotic insoles for the feet.
North America will remain the largest region over the forecast period due to elevated purchasing power and a surge in the foot orthotic insole adoption rate.
Features of the Global Foot Orthotic Insole Market
Market Size Estimates: Foot orthotic insole market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Foot orthotic insole market size by material, application, distribution channel, and region in terms of value ($B).
Regional Analysis: Foot orthotic insole market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, applications, distribution channels, and regions for the foot orthotic insole market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the foot orthotic insole market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the foot orthotic insole market size?
Answer: The global foot orthotic insole market is expected to reach an estimated $5 billion by 2030.
Q2. What is the growth forecast for foot orthotic insole market?
Answer: The global foot orthotic insole market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the foot orthotic insole market?
Answer: The major drivers for this market are growing incidence of diabetes, rising geriatric population, and surge in adoption of eco-friendly materials in manufacturing orthotic insoles.
Q4. What are the major segments for foot orthotic insole market?
Answer: The future of the foot orthotic insole market looks promising with opportunities in the sport & athletic, medical, and personal comfort markets.
Q5. Who are the key foot orthotic insole market companies?
Answer: Some of the key foot orthotic insole companies are as follows:
• Footbalance System
• Tynorindia
• Bauerfeind
• Digital Orthotics Laboratories
• Acor Orthopaedic
• A. Algeo
• Thuasne
• Foot Science
• Superfeet
• Aetrex
Q6. Which foot orthotic insole market segment will be the largest in future?
Answer: Lucintel forecasts that ethyl-vinyl acetate is expected to witness the highest growth over the forecast period due to the widespread use of ethyl-vinyl acetate in the production of orthotic insoles for the feet and the rise in the frequency of foot pain and deformities.
Q7. In foot orthotic insole market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to elevated purchasing power and a surge in the foot orthotic insole adoption rate.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the foot orthotic insole market by material (thermoplastics, ethyl-vinyl acetate, foam, composite carbon fiber, and others), application (sports & athletics, medical, personal comfort, and others), distribution channel (hospital pharmacies, retail stores, and online stores), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Foot Orthotic Insole Market, Foot Orthotic Insole Market Size, Foot Orthotic Insole Market Growth, Foot Orthotic Insole Market Analysis, Foot Orthotic Insole Market Report, Foot Orthotic Insole Market Share, Foot Orthotic Insole Market Trends, Foot Orthotic Insole Market Forecast, Foot Orthotic Insole Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.