Global Foot Orthotic Insoles Market Report and Forecast 2023-2028

Global Foot Orthotic Insoles Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global foot orthotic insoles market reached a value of USD 3719 million in 2022. Aided by the rising prevalence of foot-related disorders and increased awareness of the importance of proper foot support, the market is projected to grow at a CAGR of 5.1% between 2023 and 2028 to reach a value of USD 5024.98 million by 2028.

Foot orthotic insoles are custom-made or off-the-shelf shoe inserts designed to provide support, cushioning, and alignment to the feet, particularly for individuals with foot-related issues such as flat feet, plantar fasciitis, and diabetic neuropathy, among others. These insoles help alleviate pain, improve foot function, and prevent further foot problems by redistributing pressure on the foot, correcting alignment, and providing shock absorption.

The increasing prevalence of foot-related disorders, such as diabetes, obesity, arthritis, and sports injuries, is a key driver of the global foot orthotic insoles market expansion. These conditions often lead to foot pain, deformities, and mobility issues, necessitating the use of orthotic insoles to alleviate discomfort and improve foot function. Additionally, an ageing global population has contributed to the growing demand for foot orthotic insoles, as older individuals are more prone to foot problems and mobility challenges.

The rising focus on health and wellness has also contributed to the foot orthotic insoles market growth, as individuals become more aware of the importance of proper foot support and alignment in maintaining overall health and well-being. This heightened awareness has led to an increase in demand for foot orthotic insoles, particularly among athletes and fitness enthusiasts who require additional foot support to prevent injury and enhance performance.

Advancements in materials and manufacturing technologies have led to the development of more comfortable, durable, and effective foot orthotic insoles, further fuelling the foot orthotic insoles market growth. Innovations such as 3D-printed insoles, smart insoles with embedded sensors, and the use of lightweight, shock-absorbing materials have improved the performance and user experience of orthotic insoles, attracting a wider range of consumers.

The growing adoption of e-commerce and online sales channels has also played a significant role in the expansion of the market. Online platforms offer a wider variety of insole options, as well as the convenience of comparing prices and features, leading to increased consumer engagement and sales. Moreover, the rise of telemedicine and remote consultations has made it easier for individuals to access customised orthotic insoles without visiting a healthcare professional in person, further increasing the foot orthotic insoles market share.

Market Segmentation

The market can be divided based on product, material, user age group, end use, and region.

Market Breakup by Product

• Prefabricated
• Customised

Market Breakup by Material

• Thermoplastics
• Polyethylene Foams
• Leather
• Cork
• Composite Carbon Fibres
• Ethyl-Vinyl Acetates (EVAs)
• Gel
• Others

Market Breakup by User Age Group

• Adult
• Paediatric

Market Breakup by End Use

• Sports and Athletics
• Medical
• Personal Comfort
• Diabetes
• Plantar Fasciitis
• Arthritis
• Back and Foot Pain
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global foot orthotic insoles companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Scholl’s Wellness Co.
• Stable Step, LLC
• A. Algeo Limited
• Birkenstock Group B.V. & Co. KG
• Bauerfeind AG
• Superfeet Worldwide, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.