Foot Orthotic Insoles Market Size | Share | Trends | Growth | Scope | Outlook | Opportunities | Forecast Period

Foot Orthotic Insoles Market Size | Share | Trends | Growth | Scope | Outlook | Opportunities | Forecast Period

The global foot orthotic insoles market size was estimated at 3.9 billion USD in the year 2022 and is expected to witness a growth rate of 6.5% during the forecast period. An increase in the elderly population with a high incidence of diabetes and plantar fasciitis is propelling the market.

 

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Market Drivers

The demand for custom made foot orthotic has been increasing and it is fuelling the market. After a completed evaluation of the foot structure of the user, these products are custom made. Orthotic that are tailor made have more advantages over the ones that are prefabricated in pain management and comfort.

The demand based on product is divided in leather, cork, composite carbon fibers, and thermoplastics. Ethyl vinyl acetates which EVA, polyethylene foams, gels, among others. The segment which has dominated the market with a share of 41% is the polyethylene foams segment. This is due the presence of a broad category of materials, widespread usage, easy manufacturing and increased popularity.

 

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Another segment expected to witness lucrative growth is the thermoplastics segment due to its associated benefits such as comfort and high durability. They are a heat-molded form and are gaining popularity among people which take good care of their feet and need therapeutic support during walking.

Market Segmentation

By Product 

  • Thermoplastics
  • Polyethylene foams
  • Leather
  • Cork
  • Composite carbon fibers
  • Ethyl-vinyl acetates (EVAs)
  • Gel
  • Others

By Application

  • Sports & Athletics
  • Medical
  • Personal Comfort

By Distribution Channel 

  • Drug Stores
  • Hospitals & Specialty Clinics
  • Online Stores

By Region

  • North America (The U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Turkey, Switzerland, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, South Korea, Vietnam, Philippines, Malaysia, Indonesia, Thailand, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Columbia, Argentina, Chile, and Rest of Latin America)
  • Middle East & Africa (South Africa, Saudi Arabia, UAE, Oman, Egypt, and Rest of Middle East & Africa)

Key Market Players

The key market player are:

  • Superfeet Worldwide Inc.
  • Hanger
  • Bauerfeind AG
  • Amfit Inc.
  • Alge Ltd.
  • Dr. Scholl’s

 

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