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Report Overview
The global foot orthotic insoles market attained a value of nearly USD 3,875.00 million in 2023. The market is further expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to reach a value of USD 6,115.24 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- According to the CDC, in 2021, 38.4 million individuals in the U.S. (11.6% of the population) had diabetes, impacting the foot orthotic insoles market.
- UK Government data highlights 2,400 hospitals in the UK, driving expansion in the global healthcare distribution sector.
- In 2022, the EU spent USD 64.52 billion on recreational and sporting services, accounting for 0.8% of its general government expenditure.
Foot Orthotic Insoles Market Analysis
The increasing demand for customised foot orthotics is driving the growth of the global foot orthotic insoles industry. These products are tailored according to the consumer requirements and made after a thorough evaluation of the user’s foot structure. In terms of improved pain management and comfort, tailored or customised orthotics have some clinically proven advantages over prefabricated ones. End-users are increasingly demanding 3D printed orthotics, coupled with the growing adoption of eco-friendly material to produce orthotics insoles. Compared to traditional ones, these are thinner, with increased gait efficiency and proprioception, which will further stimulate the growth of the industry over the forecast period.
Foot Orthotic Insoles Market Report Snapshots
Foot Orthotic Insoles Market Size
Foot Orthotic Insoles Market Growth
Foot Orthotic Insoles Market Trends
Foot Orthotic Insoles Market Share
Foot Orthotic Insoles Market Analysis
Foot Orthotic Insoles Manufacturers
Foot Orthotic Insoles Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The foot orthotic insoles market was valued at USD 3,875.00 million in 2023.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The major drivers of the industry, such as the rising disposable incomes, increasing health awareness, growing geriatric population, rising incidences of diabetes and plantar fasciitis, growing demand for customised foot orthotics insoles, and the growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing utilisation of eco-friendly material for foot orthotic insoles production and the increasing demand for 3D printed products.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the product, which includes prefabricated and customised.
Based on the material, the market is divided into thermoplastics, polyethylene foams, leather, cork, composite carbon fibres, ethyl-vinyl acetates (EVAS), gel, and others.
The market is categorised according to the user age group, which includes adult and paediatric.
Based on the end use, the market is divided into sports and athletics, medical, and personal comfort.
The key players are Scholl’s Wellness Co., Stable Step, LLC, A. Algeo Ltd, Birkenstock Group B.V. & Co. KG, Bauerfeind AG and Superfeet Worldwide, Inc. among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6,115.24 million by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124