Foot Orthotic Insoles Market

30 Apr

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Foot Orthotic Insoles Market Poised to Grow at a CAGR of 5.6% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Foot Orthotic Insoles Market. The report presents analysis of global as well as regional markets of foot orthotic insoles market over the period of 2016 to 2024. Foot orthotic insoles are devices placed inside the shoes with purpose of restoring natural foot function also these are used to overcome the deformities connected with foot. Unpredicted falls are the major cause of the injury among the aged population. Therefore to avoid such problems and risk, 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 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 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 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; therefor 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 are 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 towards personal healthcare. Furthermore, aged population and changing lifestyle are the reasons for increase in the need of 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, growing incidence of chronic diseases and increasing focus on improving quality of lifestyle. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global foot orthotic insoles market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


 

Get 15% discount for early purchase of global foot orthotic insoles market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1500

 

The recent report identified that North America dominated the global foot orthotic insoles market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the foot orthotic insoles market worldwide.

 

The report segments the global foot orthotic insoles market on the basis of Type and Application.

 

Global Foot Orthotic Insoles Market by Type

·         Leather

·         EVA Form

·         Polypropylene Thermoplastic

·         Others

 

Global Foot Orthotic Insoles Market by Application

·         Sports

·         Medical

·         Comfort

 

Companies Profiled in the Report

·         Hange Prosthetics and Orthotics Inc.

·         Superfeet Worldwide Inc.

·         Bayer Healthcare AG,

·         Hanger Inc.

·         Ottobock Holding GMBH.

·         Bauerfiend AG

·         Comfortfit Orthotic Labs Inc

·         Bauerfeind AG

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.