Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.


The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future.
Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive the foot orthotic insoles market in the coming years.
Some of the key companies are Dr. Scholl’s (Bayer); Hanger Prosthetics & Orthotics Inc.; Acor Orthopedic, Inc.; DJO Global Inc.; and Superfeet Worldwide Inc.
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According to world population statistics, the population aged over 60 is slated to increase from 962 million in 2017 to 2.1 billion in 2050, which will increase the consumer base in future. Moreover, technological advancements due to high ongoing investments in R&D are expected to increase growth potential in the coming years.
Further key findings from the report suggest:
  • Increasing prevalence of diabetes and feet related diseases are anticipated to create growth opportunities in the market
  • Polyethylene accounted for the largest revenue share as of 2018, owing to its high melt property and easy adjustment abilities
  • The medical field held the largest share in the foot orthotic insoles market by application, fueled by increasing incidence of orthopedic disorders
  • The online stores segment is expected to exhibit lucrative growth over the forecast period due to easy availability of products through online as well as shipping services
  • North America held the dominant share as of 2018, due to increasing incidence of diabetes and presence of large number of industry players
  • Asia Pacific is anticipated to witness lucrative growth due to high target population and untapped opportunities
Increasing demand for custom-made foot orthotics is fueling market growth. These products are custom made after a complete evaluation of the foot structure of the user. Tailor-made orthotics have clinically proven advantages over prefabricated ones in terms of better pain management and comfort. There is an increasing demand for 3D printed orthotics among end users. These are thinner as compared to traditional ones, with increased gait efficiency and proprioception, which is boosting market growth.
Increasing adoption of eco-friendly materials in manufacturing orthotic insoles is opening new avenues for growth. Favorable reimbursement policies in developed countries, growing investments by key industry players, and increased spending on research and development are expected to boost revenue in the coming years.
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The foot orthotic insoles market is segmented on the basis of application into medical, personal comfort, and sports and athletics. The medical segment accounted for the largest share due to rising incidence of diseases such as arthritis, foot pain, and diabetes. This trend is likely to continue over the course of the forecast period.
The sports and athletics segment is projected to experience lucrative growth during the forecast period. An increasing number of people are choosing sports as a career owing to growing opportunities in this industry. For instance, according to the National Health Statistics report, about 213 million Americans aged 6 years and over participated in sports and fitness activities in 2016. Growing participation in sports and recreational activities increases the risk of injuries. For instance, according to Stanford Children’s Health more than 3.5 million injuries are reported among children every year. In addition, according to the Canadian Institute of Health, about 17,655 people were hospitalized due to sports-related injuries between 2016 and 2017.
Grand View Research has segmented the global foot orthotic insoles market on the basis of product, application, distribution channel, and region:
Foot Orthotic Insoles Product Outlook (Revenue, USD Million, 2014 - 2026)
  • Thermoplastics
  • Polyethylene foams
  • Leather
  • Cork
  • Composite carbon fibers
  • Ethyl-vinyl acetates (EVAs)
  • Gel
  • Others
Foot Orthotic Insoles Application Outlook (Revenue, USD Million, 2014 - 2026)
  • Sports & athletics
  • Medical
  • Personal comfort
Foot Orthotic Insoles Distribution Channel Outlook (Revenue, USD Million, 2014 - 2026)
  • Drug Stores
  • Hospitals & specialty clinics
  • Online stores
  • Others (retail shops, foot store)
The industry is marked by the presence of various small and large companies. The market is competitive in nature and is dominated by participants such as Superfeet Worldwide Inc.; Hanger; Bauerfeind AG; Amfit Inc.; Algeo Ltd.; and Dr. Scholl’s.
Aforementioned players are constantly involved in strategic initiatives such as new product launch, technological advancements, and mergers and acquisitions in order to gain deeper penetration in the market. 3D printed orthotics is the next big trend in this space. Industry players are investing in R&D in order to innovate customized orthotic products. For instance, in June 2017, Stratasys Direct Manufacturing collaborated with Peacocks Medical Group to develop 3D printing orthotics. In February 2017, Aetrex acquired 3D printed orthotics pioneer SOLS Systems with an aim to improve its 3D product portfolio.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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