Customized Foot Orthotic Insoles to Boost the Foot Orthotic Insoles Market During the Forecast Period
Rising geriatric
population, high incidence of diseases such as diabetes, plantar fasciitis and
rising technological advancements are
the leading factors driving the global foot orthotic insoles market during the forecast
period.
According to TechSci Research report, “Foot Orthotic Insoles
Market– Global Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2018-2028F,” the global
foot orthotic insoles market is expected to grow at a higher pace during the
forecast period. Growth in the market is being driven by factors such as the rising
prevalence of chronic foot disorders, favorable reimbursement policies, etc. Medical
disorders, such as arthritis, plantar fasciitis, bursitis, and diabetic foot
ulcers, are increasing among people. Therefore, doctors are recommending foot
orthotic insoles to treat these conditions. These factors are projected to
boost market growth in the forecast period.
Foot orthotic insoles can be a game-changer for persons with
posture issues, foot discomfort, back problems, flat feet, and other locomotor
abnormalities. The rise in foot discomfort, the incidence of osteoporosis in
middle-aged women, and the increased usage of technologically advanced products
are all factors driving the global market for orthotic insoles.
Moreover, the number of people using the internet has been
increasing globally over the year. This has made it possible for
consumers to easily acquire information about the various foot
orthotic insoles offered in the market. The sector has experienced significant
key market shifts over the years. As foot problems become more common and
more people are suffering from these rising disorders, there will be an
increased need for therapeutic devices. As a result, the large
corporations have diversified their holdings and grown through mergers and
acquisitions. These tactics will assist businesses in gaining access to
advanced technologies like high-frequency and shock-absorbing materials.
Additionally, the industry is gradually shifting toward offering its clients
specialized assistance depending on their challenges and aiding them in
improving their quality of life.
In 2022, Superfeet partnered with Red Wing Shoes to develop a
range of insoles. Professional-grade multi-purpose pro footbeds, multi-purpose
heavy duty, slim fit, and anti-fatigue are among the assortments offered in their
insole collection, which goes well with work boots, socks, and after-care
systems. In 2021,
Superfeet announced a partnership with Seattle-based private equity firm
Westward Partners. Also, in 2021, New
Balance announced the launch of Causal Therapeutic Cushion Insoles, the Sports
Active Cushion Insoles, and the Causal Metatarsal Support Insoles, three new
insoles designed by Superfeet. Additionally, in 2020, Superfeet and New Balance
signed a licensing deal to expand their selection of insoles and meet a wide
range of user needs for pain treatment, foot comfort, and sports performance.
Based on type, the market is segmented into pre-fabricated and
custom-made. The market is dominated by custom made due to the rising preference
of patients for customized foot orthotic insoles since it matches comfort
specification.
Based on application, the market is divided into sports,
medical, personal comfort. The market is dominated by the medical sector. The
reasons driving the growth of this segment can be due to the increasing
prevalence of disorders including diabetes, foot discomfort, and arthritis.
The global foot orthotic insoles market is divided into North
America, Europe, Asia Pacific, Middle East and South America based on regional
analysis. The largest market share belongs to North America. The market in this
region will grow because of the increased prevalence of diabetes, an increase
in sports participation, and technological developments brought on by
significant continuous investments in R&D.
Browse over XX market
data Figures spread through XX pages and an in-depth TOC on "Foot Orthotic Insoles Market"
Global foot orthotic insoles market is segmented based on material,
type, application, distribution channel, regional distribution and competitive
landscape. Based on material, the market is divided into thermoplastic and
composite carbon fiber. Based on type, the market is divided into pre-fabricated
and custom-made. Based on application, the market is further divided into
sports, medical and personal comfort. Based on distribution channel, the market
is fragmented into hospitals
& specialty clinics, retail, online, and others (specialty store,
distributors, etc.).
Key market players in the global foot
orthotic insoles market include:
- Reckitt
Benckiser Group PLC
- Hanger
Inc
- Algeo
Limited
- Bauerfeind
AG
- Colfax
Corporation
- Superfeet
Worldwide Inc
- Blatchford
Group Limited
- Ottobock
SE & Co. KGaA
- Groupe
Gorge
- Materialise
NV
Reckitt Benckiser Group Plc is involved in
manufacturing and selling of health, home, and hygiene products. It operates
through the use of the home segments for health and cleanliness. Infant and
child nutrition, health relief, health cleanliness, and vitamins, minerals, and
supplements are the key areas of the Health segment.
Hanger, Inc. is a leading national provider of
products and services that enhance or restore the physical capabilities of
patients with disabilities or injuries and is headquartered in Austin, Texas.
The company provides orthotic and prosthetic (O&P)
services, distributes O&P devices and components, manages O&P networks,
and provides therapeutic solutions to patients and businesses in acute,
post-acute, and clinical settings. Hanger, Inc. operates through two segments:
Patient Care and Products & Services.
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“The market for foot
orthotic insoles is expected to expand as the key factor driving the market of foot
orthotic insoles is the growing demand from elderly population in the world,
which is also accompanied by a high incidences of diabetes and plantar fasciitis.
Moreover, rise in the demand for customized soles is predicted to offer
business opportunities in the foot orthotic insoles market during the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Foot Orthotic Insoles Market- Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F Segmented By Material (Thermoplastic,
Composite Carbon Fiber), By Type (Pre-Fabricated, Custom Made), By Application
(Sports, Medical, Personal Comfort), By Distribution Channel (Hospitals &
Specialty Clinic, Retail, Online, and Others (Specialty Store, Distributors,
etc.)), By Region, ”,
has evaluated the future growth potential of foot orthotic insoles in the
global market and provides statistics and information on market structure,
size, share, and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the global foot
orthotic insoles market.
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