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Foot Orthotic Insoles Market

Foot Orthotic Insoles Market By Product (Prefabricated, Customized), By Age Group (Adult, Pediatric), By Material (Gel, Cork, EVA, Thermoplastics), By Application (Sports & Athletics, Medical, Personal Comfort), By Distribution Channel, By End User & By Region - Global Insights 2022-2032

Analysis of Foot Orthotic Insoles market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Foot Orthotic Insoles Market Outlook (2022-2032)

The global foot orthotic insoles market is estimated to reach a valuation of US$ 4,166 million in 2022, and further expand at a CAGR of 7.8% to reach US$ 8,822 million by the end of 2032.

By age group, adult sub-segment leads the foot orthotic insoles market and is expected to contribute more than 50% of the global market growth over the assessment period.

Report Attributes

Details

Foot Orthotic Insoles Market Size (2021A)

US$ 3,923.2 Million

Estimated Market Value (2022E)

US$ 4,166.9 Million

Forecasted Market Value (2032F)

US$ 8,822 Million

Global Market Growth Rate (2022-2032)

7.8% CAGR

North America Market Share (2021)

~40.5%

East Asia Market Growth Rate (2022-2032)

~9.6% CAGR

United States Market Growth Rate (2022-2032)

~7.9% CAGR

Market Share of Top 5 Companies

~21.3%

Key Companies Profiled

  • Aetrex Worldwide Inc.
  • Bauerfeind AG
  • Acor Orthopedic
  • Amfit Inc.
  • Blatchford Clinical Services
  • Dr. Scholl’s (Bayer)
  • Salts Techstep
  • The Foot Lab
  • Arden Orthotics Ltd.
  • Bolton Bros
  • Cascade Dafo Inc.
  • Algeo Limited
  • Tynor Orthotics Pvt. Ltd.

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Sales Analysis of Foot Orthotic Insoles (2017-2021) Vs. Market Forecast Outlook (2022-2032)

For people with posture problems, foot pain, spine troubles, flat feet, and other locomotor abnormalities, orthopedic insoles can be a game-changer. The global market for orthotic insoles is being driven by an increase in the number of people who suffer from foot discomfort, an increase in the prevalence of osteoporosis in middle-aged women, and a surge in the use of technologically improved goods.

Additionally, the need for orthopedic insoles is also being driven by the rising obesity rate, the high prevalence of diabetes, and the rise in other foot and back problems. Globally, the percentage of people using the internet has been rising year over year. This has made it possible for users to easily acquire information about the numerous shoe insoles on the market.

The aforementioned factors led the market to grow at a compound annual growth rate of 5.4% over 2017-2021.

Moreover, it is anticipated that in the upcoming years, the efforts made by industry players to market their cutting-edge products will continue to expand steadily.

The market for foot orthotic insoles will be strengthened during the forecast period by new product launches that are accompanied by new technology that makes treatment procedures simpler and gives patients better results.

Thus, Fact.MR suggests that the global foot orthotic insoles market will be valued at US$ 8,822 Mn by 2032 end posing a CAGR of 7.8% since 2022.

  • Short Term (2022 Q2 to 2025): Growing prevalence of diabetic foot ulcers will positively impact target product market in short term.
  • Medium Term (2025-2028): Europe and North America anticipated to witness high foot orthotic insoles demand on the back of rise in number of diabetic and chronic patients in these regions.
  • Long Term (2028-2032): Increase in the use of foot orthotic insoles for relieving conditions such as lower back pain, leg fatigue, heel pain and other painful conditions of the foot associated with other diseases such as diabetes and arthritis will drive foot orthotic insoles demand in long term.

Over the 2017-2021 historical period, the global foot orthotic insoles market registered a CAGR of 5.4%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 7.8% CAGR between 2022 and 2032.

Foot orthotic insoles market forecast by Fact.MR

Market share analysis of foot orthotic insoles based on age group and region is provided in a nutshell in the above image. Under the user age group segment, the adult sub-segment dominates with 71.3% market share in 2022.

Foot Orthotic Insoles Market

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What’s Driving Demand for Foot Orthotic Insoles?

“High Prevalence of Varicose Veins and Plantar Fasciitis Driving Foot Orthotic Insoles Market”

A common degenerative condition affecting adults between the ages of 45 and 50 or older is plantar fasciitis. Diabetic people are particularly at risk since it frequently results in chronic heel discomfort. According to Fact.MR analysis, there are currently around 422 million people suffering from the ailment worldwide, and it is predicted that number will rise to 629 million in the near future.

Additionally, one of the most common foot issues among people in the developed world is varicose veins. In industrialized nations, almost 40% of both men and women report having chronic venous illnesses, which are mostly caused by sedentary lifestyle habits.

The demand for orthopedic insoles is anticipated to rise over the forecast period as a result of the fact that wearing orthotic shoes has been recognized as an effective strategy for decreasing these issues.

“Technological Advancement to Drive the Foot Orthotic Insoles Market”

As technological advancements catching up, firms are implementing cutting-edge production techniques to improve workflow and boost output. The development of augmented reality and artificial intelligence has created a fertile environment for 3D printing, a hugely popular industrial technology.

8sole is a pioneer in 3D-printed foot orthotics. Custom-made prescription orthotics like these have set new benchmarks for foot comfort, pain relief, and medical care. Due to their superior biomechanics, these insoles only exert 50% of the total load while standing and about 120% while walking.

Additionally, clinical research comparing the efficacy of both custom-made and prefabricated insoles have found that custom foot orthotics are superior than prefabricated ones since they offer foot comfort while relieving uncomfortable foot issues.

Such innovations are anticipated to increase the market for foot orthotic insoles' potential for growth during the forecast period.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Foot Orthotic Insoles Manufacturers Need to Watch Out for?

“High Cost Associated with Raw Materials Could Hamper Market Growth”

The cost of raw materials including leather, plastic, and rubber has increased. Material demand and supply imbalances have an impact on the sector. About half of all manufacturing costs in recent years were attributable to the raw materials required to make foot orthotic goods.

For instance, since India is a significant supplier of leather to the world market, the recent prohibition on animal slaughter in some Indian states has had a severe effect on the leather business. Animal cruelty, environmental damage, and leather tanning are some of the factors that contribute to the leather processing market's negative effects, and as a result, there is a negative impact of this on target product market as well.

Owing to aforementioned facts, leading foot orthotic product providers are having trouble selling their products at competitive pricing due to the increase in the cost of raw materials, particularly plastic and leather.

Country-wise Insights

Why is the U.S. Foot Orthotic Insoles Market is Proliferating?

The United States foot orthotic insoles market is currently estimated at US$ 1,585 million and is expected to reach US$ 3,380.4 million by 2032.

The growing geriatric population in the United States and various technical developments in healthcare systems are driving market expansion. Almost 3/4 of the senior population in the US suffers from chronic diseases like diabetes, arthritis, and others.

Most older people utilize foot orthotics for comfort and pain management. Personalized foot orthotics that are tailored to each patient specifically are becoming more and more common thanks to cutting-edge production techniques like additive manufacturing. Market players in the US have a lucrative potential because of this.

Will Germany and U.K be a Lucrative Market for Target Product Providers?

Germany held around 23.8% share of the Europe custom foot orthotics market in 2021, owing to enhanced digitization of healthcare processes and a rise in the geriatric population prone to chronic conditions.

Numerous international manufacturers with strong technical backgrounds and core competencies constantly work to create and produce unique items in an effort to draw in more customers. The German orthotic insoles market is led by well-known shoe manufacturers including Bar Schuhe, Adidas, and Birkenstock. The insoles made by Bar Schuhe are available in a range of materials, including leather and other fabrics. Birkenstock sells insoles with latex foam and microfibers impregnated with silver ions that fight germs.

The U.K. market, on the other hand, is growing as a result of extensive insurance coverage and targeted government initiatives to raise end-user adoption of innovative technologies in the nation. Many shoe makers have adopted the 3D printing production method, which has transformed the market. The term "3D printing" has recently become popular among businesses that manufacture tangible things.

Thus, it is expected that the U.K market for foot orthotic insoles is expected to reach a valuation of US$ 467.6 million in 2032.

Category-wise Insights

Which Demographic Accounts for the Highest Demand of Foot Orthotic Insoles?

The target market is benefiting from the growing elderly population and technological improvement in the healthcare sectors. Most older people utilize foot orthotics for comfort and pain management. Personalized foot orthotics that are tailored to each patient specifically are becoming more and more common thanks to cutting-edge production techniques like additive manufacturing.

The adult foot orthotic insoles market segment is anticipated to hold the largest market share, accounting for more than 71% of total revenue share throughout the forecast period. The growing prevalence of diabetes and other chronic illnesses has led to an increase in foot problems, which has resulted in this increased adoption.

Additionally, the pediatric market is growing favorably and is projected to grow at a CAGR of 6.6% through 2032. Owning to the increasing prevalence of pediatric diseases such juvenile diabetes, cavus foot etc.

Will Rise in Demand of Custom Foot Orthotic Insoles to Offer Potential Business Development Opportunities?

By product, the custom category accounted for around 58.6% of the market for foot orthotics insoles in 2021.

The increased manufacturing flow's ability to speed up production and guarantee lower manufacturing costs is the cause of this high share. Custom foot orthotics performed better than prefabricated foot orthotics in various clinical evaluations.

As a result, the market for custom foot orthotics is anticipated to experience a surge in terms of product adoption. In addition, they offer high levels of customization in their product offerings, such as the use of custom insoles on everyday shoes to cater to a variety of client needs and provide personalized solutions.

Competitive Landscape

Prominent foot orthotic insoles manufacturers are Aetrex Worldwide Inc., Bauerfeind AG, Acor Orthopedic, Amfit Inc., Blatchford Clinical Services, Dr. Scholl’s (Bayer), Salts Techstep, The Foot Lab, Arden Orthotics Ltd., Bolton Bros, Cascade Dafo Inc., Algeo Limited, Tynor Orthotics Pvt. Ltd.

The foot orthotics insoles market is a competitive one with numerous domestic and foreign businesses. Partnerships and acquisitions help businesses grow their customer base and gain a dominant position in their respective markets.

New companies are partnering for improved market penetration and a proliferating novel product range in an effort to establish a position on the global market.

  • In Sep 2020, To make the thinnest orthotic insole, Aetrex has teamed up with EOS, a well-known German 3D printer maker.
  • In Feb 2021, Reckitt announced an agreement to acquire Biofreeze and TheraPearl from Performance Health. The addition of Biofreeze enhances the company's presence in the field of pain management and is a great fit for RB's Health platform.

Fact.MR has provided detailed information about the price points of key manufacturers of foot orthotic insoles positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Foot Orthotic Insoles Industry Research

  • By Product :

    • Prefabricated
    • Custom
      • Rigid/Function Orthotic Insoles
      • Soft/Accommodative Insoles
  • By Age Group :

    • Adult
    • Pediatric
  • By Application :

    • Sports & Athletics
    • Medical
    • Personal Comfort
  • By Material :

    • Thermoplastics
    • Polyethylene Foams
    • Leather
    • Cork
    • Composite Carbon Fibers
    • EVA
    • Gel
    • Others
  • By End-user :

    • Prefabricated
      • Adult
      • Pediatric
    • Custom
      • Adult
      • Pediatric
  • By Distribution Channel :

    • Drug Stores
    • Hospitals & Specialty Clinics
    • Online Stores
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & ASEAN
    • Oceania
    • MEA

- Premium Report Details -

Foot Orthotic Insoles Market
  • FACT4666MR
  • Sep-2022
  • Healthcare
  • 170 Pages
  • 112 Tables
  • 177 Figures

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The global foot orthotic insoles market is valued at US$ 4,166.9 million in 2022.

Worldwide demand for foot orthotic insoles is anticipated to reach US$ 8,822 million by 2032-end.

During 2017-2021, sales of foot orthotic insoles increased at 5.4% CAGR.

North America tops the global foot orthotic insoles market accounting for 40.4% market share.

Custom foot orthotic insoles account for 59.0% share of global sales by 2022.

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