Global Foot Orthotic Insoles Market is segmented By Product Type (Prefabricated Insole, Customized Insole), By Material Type (Thermoplastics, Polyethylene foams, Leather, Composite carbon fibers, Ethyl-vinyl acetates, Others), By Application (Sports & Athletics, Medical, Personal Comfort), By End Users (Hospitals, Orthopedic Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Foot Orthotic Insole Market Size
Global Foot Orthotic Insole Market reached US$ YY billion in 2022 and is expected to reach US$ YY million by 2030 growing at a CAGR of YY% during the forecast period 2024-2031.
Foot orthotics are specially designed shoe inserts that help support the feet and improve foot posture. Orthotic insole provides a critical, biomechanical contact point for the human body, and they can be helpful in correcting problems in the foot, knee, hip, and spine.
Orthotic insoles also play an important role in the nonoperative treatment of foot and ankle pathology. The type of orthotic needs to be specific for the underlying bony or ligamentous pathology in order to provide appropriate functional support.
Foot Orthotic Insole Market Summary
| Metrics | Details |
| CAGR | YY% |
| Market Size Available for Years | 2022-2031 |
| Market Estimation Forecast Period | 2024-2031 |
| Revenue Units | Value (US$ Mn) |
| Segments Covered | Type, Material Type, Application, End Users |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Foot Orthotic Insole Market Trends
Increasing product launches
The increasing number of product launches for foot orthotic insoles acts as a significant driver for market growth. Also, many significant companies play a major role in the advancements of the market by launching new foot orthotic insoles.
For instance, in August 2023, Foot Levelers introduced the XP3 Court Orthotic, an advanced custom orthotic that is expressly designed for amateur athletes, including fitness enthusiasts, weekend warriors, and individuals actively involved in recreational sports
Also, in July 2022, Foot Levelers introduced InMotion+ which is a meticulously crafted and rigorously tested orthotic that incorporates premium performance, stability, and comfort. InMotion+ also represents new opportunities for providers to give their patients maximum comfort.
Furthermore, the global foot orthotic insole market is driven by various factors like the rising prevalence of chronic foot ailments, technological advancements, and an increasing demand for orthotic foot insoles are expected to drive the market in the forecast period.
Limited customization and awareness of foot orthotics
Limited customization of foot orthotics can hamper the market growth as achieving the right level of customization can be challenging and time-consuming for healthcare professionals. Also, the limited awareness regarding foot orthotics can also hamper the market growth.
Foot Orthotic Insole Market Segment Analysis
The global foot orthotic insole market is segmented based on product type, material type, application, end users and region.
Prefabricated insole accounted for approximately 58.3% of the market share
Prefabricated orthotics are over-the-counter insoles that come pre-made and are fitted based on the shoe size. Prefabricated insole is expected to hold the largest market share over the period forecast owing to increasing new orthotic insole launches and technological advancements.
For instance, in November 2021, Spenco launched two new insoles as part of their new performance series. The Propel and Propel + Carbon insoles are designed to supercharge the running shoe with the latest advancements in running technology.
Additionally, in January 2023, Foot Levelers introduced the new and improved 5th Avenue Collection of custom, flexible orthotics developed by women, for their unique foot structure.
Foot Orthotic Insole Market Geographical Share
North America is expected to hold a significant position in the global foot orthotic insole market share
The global foot orthotic insole market is segmented into North America, Europe, Asia Pacific, South America, Middle East, and Africa.
North America has maintained a significant market proportion due to factors such as the rising prevalence of foot ulcers, and product launches, this trend is anticipated to continue throughout the forecast period.
For instance, according to the National Institute of Health report published in 2023, diabetes is the leading cause of non-traumatic amputations in the US. Overall, about 5% of patients with diabetes mellitus develop foot ulcers and 1% end up with an amputation. Hence, the demand for foot orthotic insoles increases for treating diabetic foot patients.
Additionally, in May 2023, Foot Levelers launched ParFlex Plus Orthotic for golfers which can increase club-head velocity (CHV) by up to seven percent.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the global foot orthotic insole market. The onset of the pandemic in early 2020 led to widespread lockdowns and restrictions, impacting regular diagnoses, treatments, product launches, and consultations worldwide. With the outbreak of the pandemic, many orthotic insole manufacturing units faced labor shortages and were unable to travel to work due to lockdown restrictions. Therefore, owing to the above factors, the foot orthotic insole market is expected to be moderately affected over the forecast period.
Foot Orthotic Insole Companies
The major global players in the market include Foot Levelers Inc., Dr. Scholl’s, Acor Orthopedic Inc., Aetrex Worldwide, Inc., Algeo Limited, Amfit Inc., Arden Orthotics Ltd, Bauerfeind AG, DJO Global, Bolton Bros among others.
Key Developments
- In January 2022, Rodin4D, launched a new solution dedicated to orthopedic insoles. Called Arkad, it is based on a 3-step process, data acquisition from a 3D scan, and insole design using dedicated software.
- In March 2023, the innovative footwear company Red Dr launched a foot massage insole to ease discomfort and enhance comfort caused by plantar fasciitis, flat feet, high arches, and arthritis.
Why Purchase the Report?
- To visualize the global foot orthotic insole market segmentation based on product type, material type, application, end users and region as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of foot orthotic insole market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global foot orthotic insoles market report would provide approximately 69 tables, 69 figures, and 185 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
