Foot Orthotics Insoles Market 2022-2028

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Title:Global Foot Orthotics Insoles Market Size, Share & Trends Analysis Report, By Product (Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethyl-Vinyl Acetates, Gel, and Others), By Application (Sports & Athletics, Medical, and Personal Comfort), By Distribution Channel (Drug Stores, Hospitals & Specialty Clinics, Online Stores, and Others), Forecast Period (2022-2028).

The global foot orthotics insoles market is anticipated to grow at a CAGR of 6.4% during the forecast period. The increasing demand for custom-made foot orthotics insoles across the globe is driving the growth of the market. For instance, in November 2021, FitMyFoot, the leader in foot wellness and maker of the world's most technically advanced custom insoles and sandals, broke new ground with the release of its custom-fit slide sandals. Further, engineered to rival medical-grade orthotics in both comfort and price, the custom slides can be fitted and pre-ordered in 60+ colors and styles using a smartphone.

The global foot orthotics insoles market is segmented based on the product, application, and distribution channel. Based on the product, the market is segmented into thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (EVAs), and others. Based on the application, the market is segmented into sports & athletics, medical, and personal comfort. Based on the distribution channel, the market is segmented into drug stores, hospitals & specialty clinics, online stores, and others. The thermoplastics segment is expected to hold a remarkable share in the market during the forecast period as it reduces abduction and adduction of the foot while providing stabilization to the ankle. Further, it supports recovery from the symptoms of degenerative arthritis, foot drop, trauma, and mild tendon dysfunction. Thus, it is positively impacting the growth of the market during the forecast period.

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, the North American region is expected to hold a significant share in the market during the forecast period. The focus of the healthcare system on quality of care and value-based services in the region is positively favoring the foot orthotics insoles market during the forecast period. Moreover, the increasing number of orthotics and podiatrists is surging the market growth during the forecast period.

The major companies serving the global foot orthotics insoles market include Acor Orthopedic, Amfit Inc., Bauerfeind AG, Blatchford Ltd., Hanger, Inc., Impulse Footcare LLC, and Scholl's Wellness Co. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Israeli start-up company Upstep launched a new insole manufacturing plant in Rishon Lezion. The firm enables customers to customize their orders online. The new plant, which cost about $1.4 million, is twice as big as its original one in Rishon Lezion. Further, Customers fill out an online questionnaire about their lifestyle, medical problems, and why they need insoles. Upstep then sends them its FeetKit to make an imprint on their feet, which they send it back free of charge. Podiatrists make custom insoles, and the customer receives them after about a month.

Research Methodology

The market study of the global foot orthotics insoles market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Foot Orthotics Insoles Market Research and Analysis by Product
Global Foot Orthotics Insoles Market Research and Analysis by Application
Global Foot Orthotics Insoles Market Research and Analysis by Distribution Channel

The Report Covers:

Comprehensive research methodology of the global foot orthotics insoles market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global foot orthotics insoles market.
Insights about market determinants that are stimulating the global foot orthotics insoles market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026858

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Foot Orthotics Insoles Market by Product
- 4.1.1. Thermoplastics
- 4.1.2. Polyethylene Foams
- 4.1.3. Leather
- 4.1.4. Cork
- 4.1.5. Composite Carbon Fibers
- 4.1.6. Ethyl-Vinyl Acetates (EVAs)
- 4.1.7. Others (Gel)
4.2. Global Foot Orthotics Insoles Market by Application
- 4.2.1. Sports & Athletics
- 4.2.2. Medical
- 4.2.3. Personal Comfort
4.3. Global Foot Orthotics Insoles Market by Distribution Channel
- 4.3.1. Drug Stores
- 4.3.2. Hospitals & Specialty Clinics
- 4.3.3. Online Stores
- 4.3.4. Others (Retail Shops and Foot Stores)

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Algeo Ltd.
6.2. Acor Orthopedic
6.3. Aetrex Worldwide Inc.
6.4. Amfit Inc.
6.5. Arden Orthotics Ltd.
6.6. Bauerfeind AG
6.7. Birkenstock Digital GmbH
6.8. Blatchford Ltd.
6.9. Bolton Bros
6.10. Cascade Dafo Inc.
6.11. Create O&P
6.12. Digital Orthotics Laboratories Australia Pty Ltd.
6.13. Foot Science International
6.14. Hanger, Inc.
6.15. Impulse Footcare LLC
6.16. Ottobock SE & Co. KGaA
6.17. Power Step (Stable Step, LLC)
6.18. Scholl's Wellness Co.
6.19. Superfeet Worldwide LLC
6.20. The Foot Lab