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The Foot Orthotic Insoles Market Size was valued at USD 3.65 Billion in 2023 and is expected to reach USD 6.28 Billion By 2031 with a growing CAGR of 7% over the forecast period of 2024-2031.
The global industry that produces, sells, and distributes foot orthotic insoles is referred to as the foot orthotic insoles market. The insoles of shoes are inserted with foot orthotic devices, also known as orthotics or shoe inserts, to support, cushion, and align the feet. These insoles address various foot disorders and ailments, including arch discomfort, plantar fasciitis, flat feet, and excessive pronation. Due to a number of circumstances, the market for foot orthotic insoles has been expanding. The rising number of foot-related ailments and the ageing population are two major factors in this trend, as these conditions frequently need supportive orthotic devices. A greater emphasis on sports and fitness activities, technological developments, and more knowledge of foot health have all contributed. The global industry that produces, sells, and distributes foot orthotic insoles is referred to as the foot orthotic insoles market. The insoles of shoes are inserted with foot orthotic devices, also known as orthotics or shoe inserts, to support, cushion, and align the feet. These insoles address various foot disorders and ailments, including arch discomfort, plantar fasciitis, flat feet, and excessive pronation.
Insole requires from 2019 to 2020, the foot orthotic insole market size was examined subjectively and quantitatively. Due to the rise in diabetes prevalence, the incidence of foot discomfort, rising disposable incomes, and the established presence of local enterprises in the area, Asia-Pacific accounted for the majority of growth during this time.
Drivers
Insole requires Age-related foot issues are more prevalent as the world's population ages.
Increasing Foot Health Awareness.
The importance of preserving foot health and avoiding foot-related problems is becoming more widely recognised. The demand for foot orthotic insoles is rising as consumers become more proactive in their search for remedies for foot discomfort.
Restrain
Although foot orthotic insoles are becoming easier, acquiring them may still be difficult in some locations or places with few distribution options.
Issues with fit and comfort
There may be times when consumers do not find foot orthotic insoles pleasant or appropriate for their unique foot anatomy, despite efforts to make them so. People may be deterred from using a product by poor fit or discomfort, which might have an effect on market expansion.
Opportunity
The foot orthotic insole market has a sizable window of opportunity in emerging markets.
Technological Progress.
The market for foot orthotic insoles has a lot of prospects because of ongoing technological improvements. Wearable sensors, 3D scanning and printing, smart materials, and other innovations make it possible to create orthotic solutions that are more exact, individualised, and efficient. These technical developments can attract more customers and stimulate market growth by improving comfort, performance, and treatment results.
Challenge
Even though there is increased awareness of the importance of foot health, a sizable number of the populace is still ignorant about problems that relate to the feet and the advantages of using foot orthotic insoles.
competition from complementary therapies.
Alternative therapies for treating foot-related conditions include medication, physical therapy, and surgical procedures. Some people may choose to forego foot orthotic insoles in favour of these options, depending on the severity of their disease and personal preferences. The growth and demand for orthotic items may be hampered by the availability of alternative therapies.
Due to the ongoing geopolitical tensions caused by Russia's invasion of Ukraine, including sanctions, there have been global commercial disruptions and economic volatility. additional restrictions placed on the Russian government and business entities Even though we don't have any offices or staff in Russia or Ukraine, we do provide various pharmaceuticals to patients there, and we're currently working on clinical trials with sites there as well. The trial's cost and schedule may be impacted by the conflict. Our ability to secure approval for new products may also be hampered or delayed by recent government limitations on the export of particular manufacturing inputs to Russia.
The impact of the conflict on our company's operations and financial performance is still uncertain and will depend on future developments, including the conflict's severity and duration, its impact on regional and global economic conditions, and whether it spreads to or affects countries other than Russia and Ukraine. Sales in these areas accounted for less than 2.1% of the total product revenue for the years ending in 2022 and 2021. The organisation will monitor the conflict between Russia and Ukraine and assess any potential implications for our business, supply chain, partners, or clients, as well as any factors that might have a detrimental impact on our operating results.
Business operating results in 2021 and 2022 were impacted by inflation and global supply chain disruptions. Due to port congestion and container constraints, supply chain disruptions in 2021 had an impact on how quickly our product entered the United States. In response, we anticipated receiving inventory in 2022 based on the continuation of longer year-round inventory transit durations. Inventory transit times improved, and supply chain difficulties were resolved by the end of 2022. As a result, at the end of 2022, our inventories were at their highest and are predicted to decline in the first half of 2023. The supply chain disruptions increased our freight expenses, which had a detrimental effect on our 2021 gross margins. To offset the rising costs, we implemented selling price hikes in 2022. Due mostly to the increased selling prices this year, freight rates decreased, and gross margins were back to pre-pandemic levels by the end of 2022. It is impossible to assess the consequences of persistent inflation, a prospective recession, or a revival of the COVID-19 epidemic on our operating performance in the future, but they may be significant.
North America: Foot orthotic insoles have a sizable market in North America. The region has a strong healthcare infrastructure and a significant prevalence of foot-related conditions. The market is expected to increase as a result of rising foot health awareness, an ageing population, and a strong demand for sports and fitness activities. The two countries that contribute the most to the North American market are the United States and Canada.
Asia-Pacific: The market for foot orthotic insoles has a lot of room to develop in the Asia-Pacific region. The market is expanding as a result of quick urbanisation, shifting lifestyles, and a growing interest in sports and fitness activities. The largest contributors to the Asia-Pacific market include nations like China, Japan, India, South Korea, and Australia. The area also benefits from a sizable population base and growing levels of disposable income.
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The major players are Tynorindia, Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, A. Algeo Ltd., Footbalance System Ltd., Superfeet Worldwide, Llc, Aetrex Inc., Foot Science International, Thuasne, Acor Orthopaedic, Inc. and the final reports list additional participants.
Hanger, Inc: In October 2022, Hanger, Inc. announced that Patient Square Capital, a healthcare investment firm, had completed the previously announced acquisition of the company.
Foot Solutions, Inc: in 2022 The Florida-based store Happy Feet Plus, Inc. was acquired by Foot Solutions, Inc. Two significant forces in speciality footwear retail have merged as a result of the transaction.
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.65 Bn |
| Market Size by 2031 | US$ 6.28 Bn |
| CAGR | CAGR of 7 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Thermoplastics, Foam, Composite Carbon Fiber, Others) • by Application (Sports and Athletics, Medical, Personal Comfort) • by Distribution Channel (Hospital Pharmacies, Online Stores, Retail Stores) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Tynorindia, Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, A. Algeo Ltd., Footbalance System Ltd., Superfeet Worldwide, Llc, Aetrex Inc., Foot Science International, Thuasne, Acor Orthopaedic, Inc. |
| Key Drivers | • Insole requires Age-related foot issues are more prevalent as the world's population ages. • Increasing Foot Health Awareness. |
| Market Opportunities | • The foot orthotic insole market has a sizable window of opportunity in emerging markets. • Technological Progress. |
Ans: The Foot Orthotic Insoles market is to grow at 7% Over the Forecast Period 2023-2030.
Ans: The Foot Orthotic Insoles Market is to Hit USD 6.28 Billion by 2031.
Ans: The major key players are Tynorindia, Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, A. Algeo Ltd., Footbalance System Ltd., Superfeet Worldwide, Llc, Aetrex Inc., Foot Science International, Thuasne, Acor Orthopaedic, Inc. and others.
Ans: The Foot Orthotic Insoles Market size was valued at USD 3.65 Billion in 2023.
Ans: They will deteriorate more quickly the more frequently and actively they are used. The typical lifespan of orthotics is one to five years.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1Impact of the Ukraine-Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Foot Orthotic Insoles Market Segmentation, By Material
8.1 Thermoplastics
8.2 Foam
8.3 Composite Carbon Fiber
9. Global Foot Orthotic Insoles Market Segmentation, By Application
9.1 Sports and Athletics
9.2 Medical
9.3 Personal Comfort
10. Global Foot Orthotic Insoles Market Segmentation by Distribution Channel
10.1 Hospital Pharmacies
10.2 Online Stores
10.3 Retail Stores
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Foot Orthotic Insoles Market by Country
11.2.2 North America Foot Orthotic Insoles Market by Material
11.2.3 North America Foot Orthotic Insoles Market by Application
11.2.4 North America Foot Orthotic Insoles Market by Distribution Channel
11.2.5 USA
11.2.5.1 USA Foot Orthotic Insoles Market by Material
11.2.5.2 USA Foot Orthotic Insoles Market by Application
11.2.5.3 USA Foot Orthotic Insoles Market by Distribution Channel
11.2.6 Canada
11.2.6.1 Canada Foot Orthotic Insoles Market by Material
11.2.6.2 Canada Foot Orthotic Insoles Market by Application
11.2.6.3 Canada Foot Orthotic Insoles Market by Distribution Channel
11.2.7 Mexico
11.2.7.1 Mexico Foot Orthotic Insoles Market by Material
11.2.7.2 Mexico Foot Orthotic Insoles Market by Application
11.2.7.3 Mexico Foot Orthotic Insoles Market by Distribution Channel
11.8 Europe
11.8.1 Europe Foot Orthotic Insoles Market by Country
11.8.2 Europe Foot Orthotic Insoles Market by Material
11.8.3 Europe Foot Orthotic Insoles Market by Application
11.8.4 Europe Foot Orthotic Insoles Market by Distribution Channel
11.8.6 Germany
11.8.6.1 Germany Foot Orthotic Insoles Market by Material
11.8.6.2 Germany Foot Orthotic Insoles Market by Application
11.8.6.3 Germany Foot Orthotic Insoles Market by Distribution Channel
11.8.7 UK
11.8.7.1 UK Foot Orthotic Insoles Market by Material
11.8.7.2 UK Foot Orthotic Insoles Market by Application
11.8.7.3 UK Foot Orthotic Insoles Market by Distribution Channel
11.8.8 France
11.8.8.1 France Foot Orthotic Insoles Market by Material
11.8.8.2 France Foot Orthotic Insoles Market by Application
11.8.8.3 France Foot Orthotic Insoles Market by Distribution Channel
11.9.9 Italy
11.3.9.1 Italy Foot Orthotic Insoles Market by Material
11.3.9.2 Italy Foot Orthotic Insoles Market by Application
11.3.9.3 Italy Foot Orthotic Insoles Market by Distribution Channel
11.3.10 Spain
11.3.10.1 Spain Foot Orthotic Insoles Market by Material
11.3.10.2 Spain Foot Orthotic Insoles Market by Application
11.3.10.3 Spain Foot Orthotic Insoles Market by Distribution Channel
11.3.11 The Netherlands
11.3.11.1 Netherlands Foot Orthotic Insoles Market by Material
11.3.11.2 Netherlands Foot Orthotic Insoles Market by Application
11.3.11.3 Netherlands Foot Orthotic Insoles Market by Distribution Channel
11.3.12 Rest of Europe
11.3.11.1 Rest of Europe Foot Orthotic Insoles Market by Material
11.3.11.2 Rest of Europe Foot Orthotic Insoles Market by Application
11.3.11.3 Rest of Europe Foot Orthotic Insoles Market by Distribution Channel
11.4 Asia-Pacific
11.4.1 Asia Pacific Foot Orthotic Insoles Market by Country
11.4.1 Asia Pacific Foot Orthotic Insoles Market by Material
11.4.3 Asia Pacific Foot Orthotic Insoles Market by Application
11.4.4 Asia Pacific Foot Orthotic Insoles Market by Distribution Channel
11.4.6 Japan
11.4.6.1 Japan Foot Orthotic Insoles Market by Material
11.4.6.2 Japan Foot Orthotic Insoles Market by Application
11.4.6.3 Japan Foot Orthotic Insoles Market by Distribution Channel
11.4.7 South Korea
11.4.7.1 South Korea Foot Orthotic Insoles Market by Material
11.4.7.2 South Korea Foot Orthotic Insoles Market by Application
11.4.7.3 South Korea Foot Orthotic Insoles Market by Distribution Channel
11.4.8 China
11.4.8.1 China Foot Orthotic Insoles Market by Material
11.4.8.2 China Foot Orthotic Insoles Market by Application
11.4.8.3 China Foot Orthotic Insoles Market by Distribution Channel
11.4.9 India
11.4.9.1 India Foot Orthotic Insoles Market by Material
11.4.9.2 India Foot Orthotic Insoles Market by Application
11.4.9.3 India Foot Orthotic Insoles Market by Distribution Channel
11.4.10 Australia
11.4.10.1 Australia Foot Orthotic Insoles Market by Material
11.4.10.2 Australia Foot Orthotic Insoles Market by Application
11.4.10.3 Australia Foot Orthotic Insoles Market by Distribution Channel
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Foot Orthotic Insoles Market by Material
11.4.11.2 APAC Foot Orthotic Insoles Market by Application
11.4.11.3 APAC Foot Orthotic Insoles Market by Distribution Channel
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Foot Orthotic Insoles Market by Country
11.5.2 The Middle East & Africa Foot Orthotic Insoles Market by Material
11.5.3 The Middle East & Africa Foot Orthotic Insoles Market by Application
11.5.4 The Middle East & Africa Foot Orthotic Insoles Market by Distribution Channel
11.5.6 Israel
11.5.6.1 Israel Foot Orthotic Insoles Market by Material
11.5.6.2 Israel Foot Orthotic Insoles Market by Distribution Channel
11.5.6.3 Israel Foot Orthotic Insoles Market by Application
11.5.7 UAE
11.5.7.1 UAE Foot Orthotic Insoles Market by Material
11.5.7.2 UAE Foot Orthotic Insoles Market by Application
11.5.7.3 UAE Foot Orthotic Insoles Market by Distribution Channel
11.5.8 South Africa
11.5.8.1 South Africa Foot Orthotic Insoles Market by Material
11.5.8.2 South Africa Foot Orthotic Insoles Market by Application
11.5.8.3 South Africa Foot Orthotic Insoles Market by Distribution Channel
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Foot Orthotic Insoles Market by Material
11.5.9.2 Rest of Middle East & Asia Foot Orthotic Insoles Market by Application
11.5.9.3 Rest of Middle East & Asia Foot Orthotic Insoles Market by Distribution Channel
11.6 Latin America
11.6.1 Latin America Foot Orthotic Insoles Market by Country
11.6.2 Latin America Foot Orthotic Insoles Market by Material
11.6.3 Latin America Foot Orthotic Insoles Market by Application
11.6.4 Latin America Foot Orthotic Insoles Market by Distribution Channel
11.6.6 Brazil11.6.6.1 Brazil Foot Orthotic Insoles Market by Material
11.6.6.2 Brazil Africa Foot Orthotic Insoles Market by Application
11.6.6.3 Brazil Foot Orthotic Insoles Market by Distribution Channel
11.6.7 Argentina
11.6.7.1 Argentina Foot Orthotic Insoles Market by Material
11.6.7.2 Argentina Foot Orthotic Insoles Market by Application
11.6.7.3 Argentina Foot Orthotic Insoles Market by Distribution Channel
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Foot Orthotic Insoles Market by Material
11.6.8.2 Rest of Latin America Foot Orthotic Insoles Market by Application
11.6.8.3 Rest of Latin America Foot Orthotic Insoles Market by Distribution Channel
12. Company profile
12.1 Tynorindia
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Bauerfeind
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Digital Orthotics Laboratories Australia Pty Ltd
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 A. Algeo Ltd.
12.4.1 Market Overview
12.4.1 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Footbalance System Ltd.
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Superfeet Worldwide
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Llc, Aetrex Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Foot Science International
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Thuasne
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Acor Orthopaedic, Inc.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Case and Best Practices
15. Conclusion
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By Material
Thermoplastics
Foam
Composite Carbon Fiber
By Application
Sports and Athletics
Medical
Personal Comfort
By Distribution Channel
Hospital Pharmacies
Online Stores
Retail Stores
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Company Information
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