Global Heel Cups Market Overview:
Heel Cups are multi-cell, multi-layer most advanced shock-absorbing heel cups which absorb shock and return impact energy just like the system naturally found in feet. It helps in absorbing the shock of heel strike in walking and running. These cups are effective for plantar calcaneal bursitis or plantar heel spur syndrome. It can be used for numerous health problems such as heel spurs, plantar fasciitis, Achilles tendonitis, pressure ulcers and others.
As per latest study released by AMA Research, the Global Heel Cups market is expected to see growth rate of 6.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Prevalence of Heel Injuries and Increased Number of Online Customers
Challenges:
Availability of Low-Quality Products in Cheaper Rates
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growth in the E-commerce Industry and Growing Demand from End-users
Competitive Landscape:
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 competitive advantage through combined collaborations.
Some of the key players profiled in the report are Arden Medikal (Turkey), Bauerfeind (Germany), Breg, Inc. (United States), Conwell Medical Co., Ltd. (Taiwan), DeRoyal Industries (United States), Dicarre LLC (United States), Fresco Podologia SL (Spain), Mueller Sports Medicine (United States), Novamed Medical (United States) and Ofa Bamberg (Germany). Additionally, following companies can also be profiled that are part of our coverage like Orthoservice AG (Switzerland) and Phyto Performance Italia (Italy). Analyst at AMA Research see United States Vendors to retain maximum share of Global Heel Cups market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Heel Cups market. Considering Market by Size, the sub-segment i.e. Small will boost the Heel Cups market.
Latest Market Insights:
On July 12, 2023, Schuetz GmbH, a German manufacturer of sports shoe components, announced the acquisition of AMB Sports GmbH, a Czech Republic-based company specializing in heel cup production. This acquisition strengthens Schuetz's position in the athletic footwear market and expands its product portfolio.
On March 15, 2023, Dow Chemical, a major chemical producer, launched its new REPEL technology for footwear components, including heel cups. This technology offers enhanced water repellency and durability, catering to the needs of outdoor footwear manufacturers.
What Can be Explored with the Heel Cups Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Heel Cups Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Heel Cups
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Heel Cups market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Heel Cups market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Heel Cups Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.