According to IMARC Group latest report titled “Foot Orthotic Insoles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on foot orthotic insoles market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global foot orthotic insoles market is expected to exhibit a CAGR of 6.1% during 2022-2027.
Foot orthotic insoles are medical devices designed to alleviate foot pain and improve comfort when worn inside shoes. These insoles comprise of foam, gel, or hard plastic and can be customized to fit a specific foot shape and condition. They assist in changing the angle at which the foot strikes while walking, aiding the limb or the torso to restore the positioning of the foot. They offer arch support, correct overpronation, and improve posture and gait. These insoles are used to treat various foot conditions and enhance muscular activity and performance while reducing the risk of soft tissue injuries due to stress, strain, or stretching. As a result, they are widely used to treat plantar fasciitis, metatarsalgia, shin pain, overpronation, collapsed arches, bunions, and Achilles tendonitis.
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Market Trends:
The rising number of individuals suffering from chronic foot problems is driving the global market. Moreover, the increasing awareness about foot-related issues, such as plantar fasciitis and flat feet and the rising awareness regarding the available treatment options is catalyzing the demand across the globe. Apart from this, the growing popularity of sports and athletics is further augmenting the market as it helps in improving performance and preventing injuries. Furthermore, continuous technological advancements, including three-dimensional (3D) printed orthotics, are providing a thrust to the market. Other factors, such as extensive research and development (RD) activities by leading players and the growing geriatric population, are creating a positive market outlook.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aetrex Worldwide Inc.
- Amfit Inc.
- Bauerfeind AG
- Blatchford Limited
- Cascade Dafo Inc.
- Comfortfit Orthotic Labs Inc.
- Hanger Inc.
- OTTOBOCK SE CO. KGAA
- Solo Laboratories Inc.
- Spenco Medical Corporation (Implus LLC)
- Superfeet Worldwide Inc
Foot Orthotic Insoles Market Segmentation:
Our report has categorized the market based on region, material type, product, application and distribution channel.
Breakup by Material Type:
- Thermoplastics
- Polyethylene Foams
- Leather
- Cork
- Composite Carbon Fibers
- Others
Breakup by Product:
- Prefabricated
- Customized
Breakup by Application:
- Sports and Athletics
- Medical
- Others
Breakup by Distribution Channel:
- Drug Stores
- Hospitals and Specialty Clinics
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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