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Foot Orthotic Insoles Market (Type - Leather, EVA Form, Polypropylene Thermoplastic, Nylon, and Others; Application - Sports, Medical, and Comfort) Global Industry Analysis, Trends, Market Size and Forecasts to 2024

  • Published : August, 2018

  • Rep Id : HC0340

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Foot Orthotic Insoles Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Foot Orthotic Insoles Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Foot Orthotic Insoles Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on foot orthotic insoles market provides an in-depth analysis of segments and sub-segments in global as well as regional foot orthotic insoles market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional foot orthotic insoles market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global foot orthotic insoles market. According to the report the global foot orthotic insoles market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.


Foot Orthotic Insoles Market

 

Market Insight

Foot orthotic insoles are devices placed inside the shoes with the purpose of restoring natural foot function also these are used to overcome the deformities connected with the foot. Unpredicted falls are the major cause of the injury among the aged population. Therefore to avoid such problems and risk, a variety of shoe inserts are used. It comes with soft cushion effect used for foot alliance and provides comfort to the feet, and gives relief to arch, shin, knee, achilles, heel, and lower back pain.


Foot orthotic insoles are manufactured as prefabricated or custom made. Foot orthotic market is mainly driven by Custom foot insoles. The demand for custom insoles is increasing on account of increased usage of custom soles by the aged population coupled with increasing healthcare spending. The demand for custom foot insoles is increasing worldwide due to its assurance for correct alignment and relief in the pain of the foot. Further, increasing necessities in safety and comfort for sports community such as athletes, hockey players, football players, and several others, to absorb the shocks owing to extensive foot activity the, demand for foot orthotic insoles is increasing and this factor is boosting the market growth.


In addition, factors such as an increase in aged population reduce pronation and provide extra support for those with high arches increase in disposable income, and growth in lifestyle connected with disorders such as diabetes and obesity are some of the factors responsible to drive the market of foot orthotic insoles. The patients suffering from diabetes easily develop minor cuts, scrapes, blisters, or pressure sores that they may not be aware of due to the insensitivity; therefore to avoid such problems foot orthotic insoles are used. The rise in made-to-order foot insoles concept is working on 3D printing in which the foot is being scanned and the insole is made with the exact measurements this, in turn, is estimated to provide several growth opportunities for foot orthotic insoles market over upcoming years. On the contrary high price of the foot orthotic insoles is hampering the growth of the market.


Among the geographic, North America region has dominated the growth in foot orthotic insoles market. The factors driving the growth of this market in North America are technological advancements and increasing awareness of personal healthcare. Furthermore, the aged population and changing lifestyle are the reasons for the increase in the need for foot orthotic Insoles. Besides this, in Asia-Pacific region, the foot orthotic insoles market is set to grow at a rapid pace mainly in China, India, and Japan due to increase in disposable income, the growing incidence of chronic diseases and increasing focus on improving quality of lifestyle.

 

Segment Covered

The report on global foot orthotic insoles market covers segments such as type and application. On the basis of type, the global foot orthotic insoles market is categorized into leather, EVA form, polypropylene thermoplastic, nylon, and others. On the basis of application, the global foot orthotic insoles market is categorized into sports, medical and comfort.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global foot orthotic insoles market such as Hanger Prosthetics and Orthotics Inc., Superfeet Worldwide Inc., Bayer Healthcare AG, Hanger Inc., Ottobock Holding GmbH., Bauerfeind AG, Comfortfit Orthotic Labs Inc.

 

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global foot orthotic insoles market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of foot orthotic insoles market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the foot orthotic insoles market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the foot orthotic insoles market to understand the present and future trends in this market and formulate their strategies accordingly.


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