Orthotic Insoles Market Size - Growth by 2031
The Orthotic Insoles Market is expected to register a CAGR of 6.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Material (Thermoplastic, Composite Carbon Fiber, Ethyl-Vinyl Acetate, Others). Futher, it is segmented based on Application (Sports & Athletics, Medical, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Orthotic Insoles Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Orthotic Insoles Market Segmentation
Material- Thermoplastic
- Composite Carbon Fiber
- Ethyl-Vinyl Acetate
- Others
- Sports & Athletics
- Medical
- Others
Strategic Insights
Orthotic Insoles Market Growth Drivers- Increasing incidence of Foot Conditions: Foot conditions such as plantar fasciitis and complications that may arise due to diabetes, fuels the demand for orthotic insoles. Growing recognition of these conditions amongst the population triggers a widespread hunt for preventative and curative solutions to improve comfort and mobility, thereby fueling growth in this market.
- Aging Population: All over the world, populations are aging, and consequently, the global aging demographic is driving the orthotic insoles market. Aged individuals are likely to decline in mobility and increase foot-related ailments; therefore, supportive footwear solutions are in huge demand. This demographic shift emphasizes effective orthotic intervention in the preservation of quality of life.
- Advancement in Technology: Orthotic insoles benefit from advancements in materials and manufacturing processes, like 3D printing and customized designs, allowing increased functionalities combined with the perfect fitting of a good experience for the user. This pushes consumers and healthcare providers to look for more such market access.
- Integration of Smart Technology: This is where the market will experience smart orthotic insoles characterized by sensor-endowed connectivity, which can change the market of orthotics. These will allow monitoring of real-time gait, pressure distribution, and foot health to provide much-needed information for the users and healthcare professionals in support of better preventive care and therapy.
- Sustainable Materials: Orthotics insoles will shift towards more sustainable and environment-friendly materials with this increased concern for the environment. The material has to be biodegradable, recycled, and in harmony with sustainability and functionality. This is in line with higher sustenance on carbon footprint reduction of healthcare product-related sectors.
- Enhanced E-Commerce and Telehealth Solutions: Accessing orthotic insoles will be propelled through harnessing improvements in E-commerce and telehealth. E-commerce platforms, for instance will improve access by providing virtual consultations as well as smooth ordering processes. On the other hand, telehealth fosters individualized assessments and recommendations whereby high-quality orthotics will reach a wider and varied populace with much ease.
- Collaborations with Sports Organizations: The production of orthotic insoles could be an ideal business proposition that can be marketed by collaborating with sports organizations and athletic brands. Today, athletes and fitness enthusiasts take good care to ensure that their feet stay healthy in order to avoid injuries and perform better. At the same time, such collaborations may result in targeted marketing and product development toward the profitable sports and wellness industry.
- Increased Focus on Preventive Healthcare: The focus shift towards preventive healthcare will make a conducive environment for orthotic insoles. As the individual does his or her best at preventing problems with feet, the maker can go on creating marketing strategies that talk of orthotics and how it is to be used from the start so that long-term utilization takes place. Meanwhile, this is rapidly gaining consumer awareness about health and wellness in general.
- Customized for Specific Activities: Specific orthotic insoles, designed for particular activities such as running, hiking, or work sites, are promising opportunities. The company can understand the specific needs of different user groups and design specialized products to better both performance and comfort, thus capturing niche markets and building strong loyalty among customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Orthotic Insoles Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Orthotic Insoles Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Currex Gmbh, Implus, and OttoBock Holding are some of the major players operating in the market.
Asia Pacific region accounted for the highest CAGR in the orthotic insoles market.
The thermoplastic segment accounts for the highest revenue in material segment of the market in 2023.
North America region dominated the orthotic insoles market in 2023.
The major factors driving the orthotic insoles market are:
1. Increasing Incidence of Foot Conditions.
2. Advancement in Technology.
The Orthotic Insoles Market is estimated to witness a CAGR of 6.7% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Orthotic Insoles Market - By Product
1.3.2 Orthotic Insoles Market - By Application
1.3.3 Orthotic Insoles Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ORTHOTIC INSOLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ORTHOTIC INSOLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ORTHOTIC INSOLES MARKET - GLOBAL MARKET ANALYSIS
6.1. ORTHOTIC INSOLES - GLOBAL MARKET OVERVIEW
6.2. ORTHOTIC INSOLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ORTHOTIC INSOLES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. LEATHER
7.3.1. Overview
7.3.2. Leather Market Forecast and Analysis
7.4. POLYPROPYLENE
7.4.1. Overview
7.4.2. Polypropylene Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ORTHOTIC INSOLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SPORTS
8.3.1. Overview
8.3.2. Sports Market Forecast and Analysis
8.4. MEDICAL
8.4.1. Overview
8.4.2. Medical Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ORTHOTIC INSOLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Orthotic Insoles Market Overview
9.1.2 North America Orthotic Insoles Market Forecasts and Analysis
9.1.3 North America Orthotic Insoles Market Forecasts and Analysis - By Product
9.1.4 North America Orthotic Insoles Market Forecasts and Analysis - By Application
9.1.5 North America Orthotic Insoles Market Forecasts and Analysis - By Countries
9.1.5.1 United States Orthotic Insoles Market
9.1.5.1.1 United States Orthotic Insoles Market by Product
9.1.5.1.2 United States Orthotic Insoles Market by Application
9.1.5.2 Canada Orthotic Insoles Market
9.1.5.2.1 Canada Orthotic Insoles Market by Product
9.1.5.2.2 Canada Orthotic Insoles Market by Application
9.1.5.3 Mexico Orthotic Insoles Market
9.1.5.3.1 Mexico Orthotic Insoles Market by Product
9.1.5.3.2 Mexico Orthotic Insoles Market by Application
9.2. EUROPE
9.2.1 Europe Orthotic Insoles Market Overview
9.2.2 Europe Orthotic Insoles Market Forecasts and Analysis
9.2.3 Europe Orthotic Insoles Market Forecasts and Analysis - By Product
9.2.4 Europe Orthotic Insoles Market Forecasts and Analysis - By Application
9.2.5 Europe Orthotic Insoles Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Orthotic Insoles Market
9.2.5.1.1 Germany Orthotic Insoles Market by Product
9.2.5.1.2 Germany Orthotic Insoles Market by Application
9.2.5.2 France Orthotic Insoles Market
9.2.5.2.1 France Orthotic Insoles Market by Product
9.2.5.2.2 France Orthotic Insoles Market by Application
9.2.5.3 Italy Orthotic Insoles Market
9.2.5.3.1 Italy Orthotic Insoles Market by Product
9.2.5.3.2 Italy Orthotic Insoles Market by Application
9.2.5.4 Spain Orthotic Insoles Market
9.2.5.4.1 Spain Orthotic Insoles Market by Product
9.2.5.4.2 Spain Orthotic Insoles Market by Application
9.2.5.5 United Kingdom Orthotic Insoles Market
9.2.5.5.1 United Kingdom Orthotic Insoles Market by Product
9.2.5.5.2 United Kingdom Orthotic Insoles Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Orthotic Insoles Market Overview
9.3.2 Asia-Pacific Orthotic Insoles Market Forecasts and Analysis
9.3.3 Asia-Pacific Orthotic Insoles Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Orthotic Insoles Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Orthotic Insoles Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Orthotic Insoles Market
9.3.5.1.1 Australia Orthotic Insoles Market by Product
9.3.5.1.2 Australia Orthotic Insoles Market by Application
9.3.5.2 China Orthotic Insoles Market
9.3.5.2.1 China Orthotic Insoles Market by Product
9.3.5.2.2 China Orthotic Insoles Market by Application
9.3.5.3 India Orthotic Insoles Market
9.3.5.3.1 India Orthotic Insoles Market by Product
9.3.5.3.2 India Orthotic Insoles Market by Application
9.3.5.4 Japan Orthotic Insoles Market
9.3.5.4.1 Japan Orthotic Insoles Market by Product
9.3.5.4.2 Japan Orthotic Insoles Market by Application
9.3.5.5 South Korea Orthotic Insoles Market
9.3.5.5.1 South Korea Orthotic Insoles Market by Product
9.3.5.5.2 South Korea Orthotic Insoles Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Orthotic Insoles Market Overview
9.4.2 Middle East and Africa Orthotic Insoles Market Forecasts and Analysis
9.4.3 Middle East and Africa Orthotic Insoles Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Orthotic Insoles Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Orthotic Insoles Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Orthotic Insoles Market
9.4.5.1.1 South Africa Orthotic Insoles Market by Product
9.4.5.1.2 South Africa Orthotic Insoles Market by Application
9.4.5.2 Saudi Arabia Orthotic Insoles Market
9.4.5.2.1 Saudi Arabia Orthotic Insoles Market by Product
9.4.5.2.2 Saudi Arabia Orthotic Insoles Market by Application
9.4.5.3 U.A.E Orthotic Insoles Market
9.4.5.3.1 U.A.E Orthotic Insoles Market by Product
9.4.5.3.2 U.A.E Orthotic Insoles Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Orthotic Insoles Market Overview
9.5.2 South and Central America Orthotic Insoles Market Forecasts and Analysis
9.5.3 South and Central America Orthotic Insoles Market Forecasts and Analysis - By Product
9.5.4 South and Central America Orthotic Insoles Market Forecasts and Analysis - By Application
9.5.5 South and Central America Orthotic Insoles Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Orthotic Insoles Market
9.5.5.1.1 Brazil Orthotic Insoles Market by Product
9.5.5.1.2 Brazil Orthotic Insoles Market by Application
9.5.5.2 Argentina Orthotic Insoles Market
9.5.5.2.1 Argentina Orthotic Insoles Market by Product
9.5.5.2.2 Argentina Orthotic Insoles Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ORTHOTIC INSOLES MARKET, KEY COMPANY PROFILES
11.1. AETREX WORLDWIDE, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAUERFEIND AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COMFORTFIT ORTHOTIC LABS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CURREX GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DR. SCHOLL’S
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HANGER ORTHOPEDIC GROUP, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IMPLUS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OTTOBOCK HOLDING GMBH AND CO. KG.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUPERFEET WORLDWIDE INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIDAS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aetrex Worldwide, Inc2. Bauerfeind AG3. Comfortfit Orthotic Labs Inc.4. Currex Gmbh5. Dr. Scholl's6. Hanger Orthopedic Group, Inc.7. Implus8. OttoBock Holding GmbH and Co. KG.9. Superfeet Worldwide Inc.10. Sidas
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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