Foot Orthotic Insoles Market - Forecast(2021 - 2026)

 

Foot Orthotic Insoles Market Overview 

Foot Orthotic Insoles Market size is estimated to reach $3,877 million in 2025, growing at a CAGR of 2.9% during the forecast period 2020-2025. Growing demand for Foot Orthotic Insoles is mainly driven by rising chronic foot diseases, enhanced awareness among people to treat these disorders, increased healthcare spending, and growth in sports activities. The foot orthotic insoles caters to the people who are subject to diseases such as diabetes, plantar fasciitis, rheumatoid arthritis, foot deformities and other chronic diseases as well as injuries. It also serves the need of sports community such as athletes, football players and basketball players. Foot orthotic insoles are intended to support or correct the abnormal or irregular walking pattern. They change the angle at which the foot strikes while walking and therefore assist the limb or the torso to restore the alignment and positioning of the foot. These insoles amend the postural stability by enhancing the afferent somatosensory information available to the central nervous system and provide arch support and pain relief for myriad of foot conditions including flat feet, general foot pain, foot discomfort and soon. Apart from that, these insoles also cater to the demands of individuals suffering from general foot pain and foot discomfort.


Foot Orthotic Insoles Market Report Coverage
The report: “Foot Orthotic Insoles Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Foot Orthotic Insoles Market: 
By Type of Material: EVA based Foam, Cork, Leather, Polypropylene Thermoplastic, Nylon 12, Plastazoate and Others.
By Manufacturing Method: Custom, Custom Moulded, 3D Printed and Pre-Fabricated.
By End Use: Sports, Medical and Comfort.
By Geography: North America, Europe, Asia-Pacific and RoW.

Key Takeaways

  • North America dominated the Foot Orthotic Insoles Market with a share of 40.47% in the year 2019.        
  • The factors such as rising chronic foot diseases, enhanced awareness among people to treat these disorders and growth in sports activities are amongst the major factor projected to impel growth of Foot Orthotic Insoles Market.
  • Increase in innovations of production and modeling technologies coupled with the high investment in R&D from top companies are the key factors owing to the growth in the segment during forecast period 2020-2025.


Foot Orthotic Insoles Market Segment Analysis - By Manufacturing Method

Based on manufacturing method, foot orthotic insoles market is classified as custom, custom-molded, 3D printed, and pre-fabricated foot insoles. Prefabricated insoles dominate the market in 2019, as these are cost effective and can be purchased off the shelf without any prescription. Custom and custom-molded foot insoles are manufactured on the custom basis and require prescription of foot specialist such as Podiatrists, Pedorthists or Chiropodists and Orthotists. The increasing prescriptions for use of insoles in the treatment of foot related disorders across the globe are set to play a major role in the growth of the market. The market for 3D Printed custom insoles is set to grow the fastest with a CAGR of 4.8% during the forecast period 2020-2025 owing to increased adoption of this method. 3D printing usage in prefabricated devices is also set to grow significantly owing to these advantages.


Foot Orthotic Insoles Market Segment Analysis - By Geography

North America is the major region dominated the Foot Orthotic Insoles Market with revenue share of 40.47% in 2019. This is owing to a well-established customer base owing to the rising awareness towards personal healthcare and technological advancements. Along with this the high incidence of diseases here also contributes to the dominance of this region owing to the increased demand of orthotics for these medical conditions. Presence of various key industry players in this region further contribute to its dominance over other regions. 
Location: United States

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