About Foot Orthotics Insole
Foot orthotics insoles are the shoe inserts that improve mobility, enhance comfort and help relieve foot pain. It improves foot and leg alignment and helps ease the pain of flat feet. These insoles are available in a variety of styles and thicknesses, including insoles for boots, heel inserts, gel insoles, and arch support for flats. The factors such as Increased Prevalence of Orthopedic Disorders, Rise in the Demand for Sport Shoes and Increased Demand from Online Customers are driving the global foot orthotics insole market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foot Orthotics Insole 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.
Solescience Inc. (Canada), Dr. Scholl's (United States), Acor Orthopedic, Inc. (United States), Algeo Limited (United Kingdom), Amfit Inc. (United States), Solo Laboratories, Inc. (United States), Arden Orthotics Ltd. (United Kingdom), Bauerfeind AG (Germany), Cascade Dafo, Inc. (United States) and Comfortfit Orthotic Labs Inc. (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 DJO Global Inc. (United States) and Hanger, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Foot Orthotics Insole market by Type (Prefabricated and Customized) and Region.
On the basis of geography, the market of Foot Orthotics Insole 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 Orthotics Insole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Adults will boost the Foot Orthotics Insole 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. Thermoplastics will boost the Foot Orthotics Insole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels and Increasing Demand for Insoles with Eco-friendly Materials
Market Growth Drivers:
Increased Prevalence of Orthopedic Disorders, Rise in the Demand for Sport Shoes and Increased Demand from Online Customers
Challenges:
Availability of Low Quality Products in Cheaper Rates
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Technological Advancements in Health Care Sector, Increased Research and Development Investments and Growth in the Geriatric Population
Market Leaders and their expansionary development strategies
In June 2023, Bauerfeind AG, a German manufacturer of orthopedic and sports medicine products, acquired Thuasne, a French manufacturer of medical compression stockings and braces, for €230 million. This merger expands Bauerfeind's product portfolio in the foot care market.
In February 2023, Spenco Medical launched the Total Support Rx insole, a new custom orthotic designed for maximum support and stability. This insole features a unique dual-density construction and a customizable arch support system.
Key Target Audience
Foot Orthotics Insole Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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.