The foot orthotic insoles market was valued at US$ 3.88 billion in 2021 and is expected to reach US$ 7.19 billion by 2031. The market is expected to register a CAGR of 7.6% in 2023–2031. 3D-printed orthotic insoles will likely remain a key foot orthotic insoles market trend.
Foot orthoses, or orthotics, are devices made to be inserted into the shoes, providing off-loading foot structures and cushioning. Prefabricated foot orthoses, also called over-the-counter or non-prescription, are mass-produced based on foot sizes. Custom-made foot orthoses are made from a plaster cast or 3-D laser scan of the foot and are countered devices. Foot orthoses are attached to the standard medical care of patients with foot and lower limb problems, including rheumatoid arthritis, plantar heel pain, pronated foot, and diabetic risk plantar.
The growth is driven by increased demand for foot orthotics manufactured to order. These materials are produced to order following a thorough assessment of the user's foot structure. Orthotics that are custom-made offer clinically-proven benefits over prefabricated ones, including enhanced comfort and pain relief. End customers are calling for more and more 3D-printed orthotics. These are more proprioceptive and gait efficient than traditional ones, and their slimmer design is driving the market's expansion. Important companies are also consistently funding research and development projects to use 3D printing to create insoles that fit and feel better. More opportunities for foot orthotic insoles will be presented throughout the forecast period in the global market.
It is estimated that about 30.0% of people in general suffer from foot soreness. Various medical conditions, such as bursitis, plantar fasciitis, arthritis, and diabetic foot ulcers, can cause this pain. Therefore, to treat these conditions, physicians advise using foot orthotic insoles. The NCBI predicts that 2021, there will be 9.1 million to 26.1 million diabetic foot ulcers worldwide. Furthermore, 20 to 25 percent of people with diabetes mellitus are expected to experience the development of a diabetic foot ulcer. The volume and frequency of diabetic foot ulcers are rapidly increasing worldwide since the disease's increasing prevalence has reached an epidemic level. As a result, the previously mentioned factors are important global market growth drivers.
An online platform allows new entrants to market their products equally and enables consumers to choose and compare from various options available. The digital platform is witnessing increased consumer preference because of technological advances allowing users to scan their foot at home. In recent years, larger platforms such as Amazon and the companies' websites have increasingly dominated digital distribution worldwide. The direct nature of online business channels is a primary characteristic that makes these models practically successful. In the past few years, the number of online retailers and mass distributors has increased significantly due to the ease of purchase and customer-friendly services offered by these channels. Furthermore, there have been partnerships between the manufacturers and distributors for effective distribution network management.
Key segments that contributed to the derivation of the foot orthotic insoles market analysis are disorder and service providers.
The geographic scope of the foot orthotic insoles market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Technological advances of service providers is further boosting the growth of the market. For instance, Orpyx Medical Technologies Inc. offers Orpyx SI Sensory Insoles that help prevent diabetic foot ulcers. These Custom insoles incorporate sensors to monitor pressure, temperature, and activity. Provides real-time audiovisual alerts and offloading instructions when sustained high-pressure levels occur. A clinical study using Orpyx SI technology showed an 86% reduction in diabetic foot ulcer recurrence. In addition, product launches further boost the market's growth in the forecest period. For instance, in February 2020, PowerStep extended its recovery footwear line by launching the new Fusion Recovery Men’s Slippers. These slippers provide the perfect blend of PowerStep’s trusted support and stability in a true orthotic slipper to help alleviate pain from Plantar Fasciitis and other common foot conditions. The popularity of foot orthotic insoles has also increased among athletes, which has led to the launch of new products. For instance, in June 2019, Powerstep launched the PULSE Sport in a full-length option. The new PULSE Sport Full Length is an ultra-thin, full-length insole with an exposed shell, combining our standard support shell with dual-layer EVA/VCT cushioning foam for full-foot comfort.
The regional trends and factors influencing the Foot Orthotic Insoles Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Foot Orthotic Insoles Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3.88 Billion |
| Market Size by 2031 | US$ 7.19 Billion |
| Global CAGR (2023 - 2031) | 7.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Foot Orthotic Insoles Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Foot Orthotic Insoles Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The foot orthotic insoles market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for foot orthotic insoles:
The “Foot Orthotic Insoles Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: