About Foot Insoles
Foot insoles are designed for a number of foot-related issues and can be very effective for addressing physical or postural problems and reducing pain, to correct biomechanical foot issues such as run, stand, and walk. These inserts are made of a material such as soft gel, foam, or plastic based on the for which specific problems they are designed e.g. fallen arches. It offers cushion and support to the foot, to reduce pain in two different ways. According to the American Academy of the prosthetics and orthotics in the United States out of 20 million adults and children around 7% have diabetes the leading cause of lower-limb amputations. The demand for foot insoles is increasing due to the prevalence of diseases such as diabetes, arthritis, and so on.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foot Insoles market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wintersteiger (BootDocs), Powerstep (United States), Footbalance Systems(Finland), Comfortfit Labs(United States), Euroleathers(United Kingdom), Implus Footcare (United States), Sidas(France), OttoBock(Germany), Bauerfeind (Germany) and Aetrex Worldwide (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dr. Scholl’s (United States) and Superfeet (United States).
Segmentation Overview
AMA Research has segmented the market of Global Foot Insoles market by , Application (Medical, Personal Comfort, Sports & Athletics and Others) and Region.
On the basis of geography, the market of Foot Insoles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Drug Stores will boost the Foot Insoles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Foams will boost the Foot Insoles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Foot Insoles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The trend for the 3D Prints Foot Insoles
Market Growth Drivers:
Increasing Foot Infection Incidence in Diabetic patient and Growing Incidence of Obesity will Lead to Growth
Challenges:
Presence of Local Manufacturers
Restraints:
Availability of Substitute Products Like Footpads
Opportunities:
The Growing Healthcare Spending and Technological Advancement and Increasing Adoption Rate Among the End Users is Creating the Growth Opportunities
Market Leaders and their expansionary development strategies
In October 2023, Powerstep, a US-based insoles manufacturer, acquired UK-based Sidas, another major insoles brand. This merger aims to expand geographic reach and product portfolio.
In September 2023, Superfeet, a well-known insole brand, partnered with footwear retailer DSW to launch a co-branded line of insoles. This collaboration expands Superfeet's reach to a wider audience.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Foot Insoles Manufacturer, Foot Insoles Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.