What Fueled The Previous Growth In The Foot Orthotic Insoles Market?
The foot orthotic insoles market has seen considerable growth due to a variety of factors.
• In recent times, the market size for foot orthotic insoles has shown robust growth. The market is projected to expand from a significant $3.82 billion in 2024 to $4.12 billion in 2025 with a compound annual growth rate (CAGR) of 8.1%. Multiple factors such as advancements in podiatric medicine, technological innovations in material sciences, influence of sports medicine, health awareness amongst consumers, and the convergence of fashion and functionality have contributed to the growth during the historical period.
How Does the Forecast Look for the Foot Orthotic Insoles Market?
The Foot Orthotic Insoles market is expected to maintain its strong growth trajectory in upcoming years.
• The market for foot orthotic insoles is projected to demonstrate robust growth in the coming years, expanding to $5.72 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%.
This expected growth during the projected timeframe is linked to an increase in chronic ailments, the expansion of e-commerce, the effect of an aging population, stylish and functional insole designs, endorsements from the medical fraternity, and the evolution of athletic and fitness practices. Key trends for the forecast period consist of prescriptions by medical professionals, integration of fashion and comfort, development of sports and fitness market, personalized customizations, and advancements in the field of material science.
What Are The Leading Drivers Of Growth In The Foot Orthotic Insoles Market?
The escalating incidences of diabetes are anticipated to boost the foot orthotic insoles market's growth in the future. Diabetes, a chronic metabolic disease characterized by high levels of blood glucose (blood sugar), can cause serious damage to the heart, blood vessels, eyes, kidneys, and nerves over time. Foot orthotic insoles are necessary for the treatment of diabetic feet that have suffered from Charcot arthropathy and foot ulcers. Hence, as diabetes becomes more widespread, the demand for foot orthotic insoles is expected to increase. For example, in May 2024, The British Diabetic Association, a UK-based diabetes charity, released data stating that nearly 4.4 million people in the UK had been diagnosed with diabetes in 2022-23, with around 90% having type 2, 8% type 1, and 2% having other forms. Furthermore, the South East Coast and London region saw a 3.7% increase in cases, reaching a total of 870,510 from 2021/22 to 2022/23. Thus, the increasing prevalence of diabetes is stimulating the expansion of the foot orthotic insoles market.
How Are The Segments Defined Within The Global Foot Orthotic Insoles Market?
The foot orthotic insoles market covered in this report is segmented –
1) By Type: Prefabricated, Customized
2) By Material: Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethylene-vinyl Acetate, Gel, Other Materials
3) By Application: Medical, Sports And Athletics, Personal
4) By Distribution Channel: Drug Stores, Hospitals And Specialty Clinics, Online Stores, Other Distribution Channels
Subsegments:
1) By Prefabricated: Over-The-Counter Insoles, Arch Support Insoles, Sports Insoles
2) By Customized: Custom-Molded Insoles, Prescription Insoles, 3D-Printed Insoles
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How Are New Trends Expected To Influence The Growth Of The Foot Orthotic Insoles Market?
The emergence of product innovation is a prominent trend being noted in the foot orthotic insoles market. The key market players are turning towards the creation of innovative products as a strategy to retain their dominance in the market. For example, New Balance, an American sports footwear and apparel production company, introduced casual therapeutic cushion insoles in May 2022, a fresh insole model made by Superfeet. These insoles are noted for their design which incorporates ultra-soft foam that adapts to the foot, providing relief for those with sensitive feet. Their flexible build and heel-to-toe padding provide movement support to the foot and alleviate discomfort. Hypoallergenic materials are also used in their creation to suit sensitive skin.
Who Are the Key Players In The Foot Orthotic Insoles Market?
Major companies operating in the foot orthotic insoles market include:
• Hanger Inc.
• Implus LLC
• Footbalance Systems Ltd.
• Thuasne SAS
• Foot Science International
• Aetrex Worldwide Inc.
• Tynor Orthotics Pvt. Ltd.
• DJO Global Inc.
• Acor Orthopedic Inc.
• Algeo Limited
• KLM Laboratories Inc.
• Arden Orthotics Ltd.
• Bauerfeind AG
• ComfortFit Orthotic Labs Inc.
• Bolton Bros Limited
• Superfeet Worldwide Inc.
• Birkenstock Orthopädie GmbH & Co. KG
• Spenco Medical Corporation
• SOLO Laboratories Inc.
• Foot Levelers Inc.
• Vasyli Medical
• Ottobock SE & Co. KGaA
• Össur hf Corp.
• Fillauer LLC
• Cascade Dafo Inc.
• Allard USA Inc.
• ProLab Orthotics Ltd.
• SureFit Inc.
• Langer Biomechanics
• Pedorthic Shoe Company
What Is The Most Dominant Region In The Foot Orthotic Insoles Market?
North America was the largest region in the foot orthotic insoles market in 2024. The regions covered in the foot orthotic insoles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
