Foot Orthotic Insoles Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Mar-2020 | List of Tables : 132 | List of Figures : 120 | No. of Pages : 170 | Report Code : FACT4666MR | Format :

Foot Orthotic Insoles Market Size to Expand 1.5x Through 2026

The healthcare vertical is undergoing significant tech-driven transformations in a bid to address the concerns of inefficiencies and cost constraints. The bottom line remains the same - better care delivery. While the industry is aggressively moving towards value-based models, government agencies are playing their role by allowing easy product approvals, simultaneously.

Subsequent developments in the healthcare industry are benefitting the society materially, bringing notable increment in average life spans and quality of living. Healthcare providers are developing foot orthotic insoles, with technology and customization at center, to satiate both, immediate needs – enhanced effectiveness, and affordability – and longer-term goals – better clinical outcomes, greater precision, and lesser errors.

Expanding geriatric demographic cohort worldwide is translating to complicated health needs. Moreover, better healthcare delivery, particularly for patients with orthopedic disorders reduces complication rate and need for frequent hospital visits. In line with these trends, the global foot orthotic insoles market will grow about 1.5x over 2020-2026, following a promising growth curve.

Adoption Remains High in Medical Applications

Given the expanding patient pool of diseases including, plantar fasciitis, arthritis, and diabetes, adoption of foot orthotic insoles will be prominent for medical applications. This study finds that usage of foot orthotic insoles in the application category is expected to surge nearly 1.5x over the forecast timeframe.

On the other hand, consumers are increasingly focusing on pursuing career in the sports industry. Rising participation in sports and recreational activities increases the risk of various sports injuries.  As such, manufacturers are targeting sports & athletics for outsized, wherein application of foot orthotic insoles will grow at a healthy pace. Custom foot orthotic insoles will remain in high demand throughout the forecast period on back of changing consumer preferences.

foot orthotic insoles market 1

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North America in Vanguard, APAC to Follow Closely

Capturing around 2/5 of overall foot orthotic insoles market stack, North America continues to offer opportunities of growth and profitability over the time ahead. Being a hub of technology pioneers, paradigm shift towards value-based healthcare model improving quality of care is creating a fertile ground for manufacturers. The developed regional market will also be propelled by surging healthcare expenditure and favorable reimbursement policies.

North America houses a strong presence of local manufacturers – Super Feet, and Opedge. In addition, leading players are focusing on mergers & acquisitions in order to enhance their global presence. Rapid technology penetration and prevalence of chronic disorders such as diabetes, and musculoskeletal disorders are driving the foot orthotic market in Asia Pacific (APAC). By 2026, the regional market will register revenues worth around US$ 1 Bn.

Market Players Target Online Stores for Sustained Revenue Growth

As convenience plays an instrumental role in influencing purchasing decisions of consumers, players in foot orthotic insoles market are accelerating their shift toward online stores. These platforms enable consumers to browse a broad range of products, thereby saving time substantially. Fact.MR reveals that online stores will represent a multibillion-dollar opportunity in 2021.

While the e-commerce industry is well-established in developed regions, it is seeing top-line growth in developing regions, especially China, and India. Several e-commerce giants such as Flipkart, and Amazon are offering custom as well over-the-counter (OTC) foot orthotic insoles on their platforms. Manufacturers allocating their resources to e-commerce channels are likely to witness better returns, enhanced customer base and retention.

foot orthotic insoles market 2

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Foot Orthotic Insoles Market – Scope of the Report

The recently published study by Fact.MR on foot orthotic insoles market elucidates a 6-year forecast over 2020-2026. The study inspects crucial trends boosting the growth of foot orthotic insoles market as well as key dynamics such as drivers, restraints, and opportunities for market leaders and followers associated with the development of foot orthotic insoles. Furthermore, the report highlights the factors defining the growth outlook of foot orthotic insoles market throughout the forecast period.

Fact.MR, in its study, has delivered an extensive evaluation of business implementation, and value and supply chain assessment of foot orthotic insoles market across regional segments. Moreover, the report has incorporated several key players working in foot orthotic insoles market in tandem with their product portfolio.

Foot Orthotic Insoles Market: Report Summary

The report offers a thorough evaluation on diverse elements such as supply & demand, production capacities, product innovations, revenue generation and sales in foot orthotic insoles market on a global level.

The research work provides a precise forecast on foot orthotic insole market through an optimistic scenario as well as a conservative scenario, taking into account sales of foot orthotic insoles during the projection period. Further, price point comparison on a regional level with global average price is encompassed in the study.

Foot Orthotic Insoles Market: Segmentation

The foot orthotic insoles market has been scrutinized on the basis of product, user age group, application, distribution channel and key regions.

Product

User Age Group

Application

Distribution Channel

Region

Prefabricated

Adult

Sports & Athletics

Drug Stores

North America

Custom

Pediatric

Medical

Hospitals & Specialty Clinics

Europe

 

 

Personal Comfort

Online Stores

Asia Pacific (APAC)

 

 

 

Others

Latin America

 

 

 

 

Middle East & Africa (MEA)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Foot Orthotic Insoles Market: Assessment on Market Size Evaluation

The study has analyzed foot orthotic insoles market for each market segment, in terms of value (US$ Mn). Additionally, a Y-o-Y growth comparison on key foot orthotic insole market segments, along with market forecast has been deduced in the report.

The research work also provides absolute dollar opportunity assessment of each segment. Absolute dollar opportunity is vital in evaluating the level of opportunity that manufacturers/distributors can leverage while identifying potential growth avenues, taking into consideration sales and distribution perspective in the global foot orthotic insoles market.

Foot Orthotic Insoles Market: Inspected Assessment on Regional Segments

The research study elucidates major sections in the foot orthotic insole market that are critical in assessing the regional market projections. These chapters include the regional macros (business, political, and financial outlook), which are expected to have a profound impact on the future landscape of the foot orthotic insole market during the stipulated timeframe.

The report offers country-wise valuation on the application of foot orthotic insoles on regional as well as country levels. Also, it provides the market scope assessment and forecast, price index, and impact analysis both, region- and country-wise. For every regional market, Y-o-Y growth estimates have been covered in the study.

Furthermore, the study consists an in-depth break-up for emerging countries in terms of value.

Foot Orthotic Insoles Market: Extensive Analysis on Competitive Landscape

The study puts emphasis on the prominent manufacturers of foot orthotic insoles coupled with their profiles in detail. A comprehensive dashboard view has been utilized to offer vital and revised data regarding market actors mainly focused on the development of foot orthotic insoles. Market share analysis and comparison of key players covered in the report encourages the readers to respond proactively in order to expand their revenue pool.

Company backgrounds, which include essentials - product portfolio, critical market strategies with in-depth SWOT analysis of each player, has been elaborated in the study. Business outreach is investigated and explained through the matrix for every market participant thus providing actionable insights to the readers that assist in thoroughly offering market status, and projecting the competition level in foot orthotic insoles market.

Major players in global foot orthotic insole market include Dr. Scholl's (Bayer Healthcare AG), Powerstep (Stable Step, LLC), A. Algeo Ltd., Birkenstock Digital GmbH, Bauerfeind, SUPERFEET WORLDWIDE INC., Ottobock SE & Co. KGaA (Ottobock Holding), Foot Science International, Hanger Inc., Create O & P, Prodways Group (Groupe Gorgé), and DOLA – Digital Orthotics Laboratories Australia.

1. Preface 

    1.1. Report Scope and Market Segmentation

    1.2. Research Highlights

2. Assumptions and Research Methodology

    2.1. Assumptions and Acronyms Used

    2.2. Research Methodology

3. Executive Summary

    3.1. Global Foot Orthotic Insoles Market Analysis, by Region, 2020 and 2026

    3.2. Global Foot Orthotic Insoles Market: Market Snapshot

4. Market Overview

    4.1. Global Foot Orthotic Insoles Market Overview

    4.2. Global Foot Orthotic Insoles Market Key Industry Developments

5. Market Dynamics

    5.1. Drivers and Restraints Snapshot Analysis

    5.2. Drivers

    5.3. Restraints

    5.4. Opportunities

6. Key Insights

    6.1. Regulatory Scenario by Region/globally

    6.2. Key Mergers & Acquisitions

    6.3. Pricing Analysis of Finished products

    6.4. Overview of Manufacturers

    6.5. Prices by Key Manufacturers

7. Global Foot Orthotic Insoles Market Analysis, by Product

    7.1. Introduction

    7.2. Key Insights

    7.3. Global Foot Orthotic Insoles Market Size and Forecast, by Product

        7.3.1. Prefabricated

        7.3.2. Customized

    7.4. Global Foot Orthotic Insoles Market Analysis, by Product

    7.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by Product

8. Global Foot Orthotic Insoles Market Analysis, by Material

    8.1. Introduction

    8.2. Key Insights

    8.3. Global Foot Orthotic Insoles Market Size and Forecast, by Material

        8.3.1. Thermoplastics

        8.3.2.  Polyethylene Foams

        8.3.3.  Leather

        8.3.4.  Cork

        8.3.5.  Composite Carbon Fibers

        8.3.6.  Ethyl-vinyl Acetates (EVAs)

        8.3.7.  Gel

        8.3.8.  Others 

    8.4. Global Foot Orthotic Insoles Market Analysis, by Material

    8.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by Material

9. Global Foot Orthotic Insoles Market Analysis, by Application

    9.1. Introduction

    9.2. Key Insights

    9.3. Global Foot Orthotic Insoles Market Application and Forecast, by Application

        9.3.1. Sports & Athletics

        9.3.2. Medical

        9.3.3. Personal Comfort 

    9.4. Global Foot Orthotic Insoles Market Analysis, by Application

    9.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by Application

10. Global Foot Orthotic Insoles Market Analysis, by User

    10.1. Introduction

    10.2. Key Insights

    10.3. Global Foot Orthotic Insoles Market Application and Forecast, by User

        10.3.1. Adults

        10.3.2. Pediatric 

    10.4. Global Foot Orthotic Insoles Market Analysis, by User

    10.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by User

11. Global Foot Orthotic Insoles Market Analysis, by Distribution Channel

    11.1. Introduction

    11.2. Key Insights

    11.3. Global Foot Orthotic Insoles Market Application and Forecast, by Distribution Channel

        11.3.1. Drug Stores

        11.3.2. Hospitals & Specialty Clinics

        11.3.3. Online Stores

        11.3.4. Others 

    11.4. Global Foot Orthotic Insoles Market Analysis, by Distribution Channel

    11.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by Distribution Channel

12. Global Foot Orthotic Insoles Market Analysis, by Region

    12.1. Introduction

    12.2. Key Insights

    12.3. Global Foot Orthotic Insoles Market Size and Forecast, by Region

        12.3.1. North America

        12.3.2. Europe

        12.3.3. Asia Pacific

        12.3.4. Latin America

        12.3.5. Middle East & Africa

    12.4. Global Foot Orthotic Insoles Market Analysis, by Region

    12.5. Global Foot Orthotic Insoles Market Attractiveness Analysis, by Region

13. North America Foot Orthotic Insoles Market Analysis

    13.1. North America Foot Orthotic Insoles Market Key Findings

    13.2. North America Foot Orthotic Insoles Market Overview

    13.3. North America Foot Orthotic Insoles Market Size and Forecast, by Product

        13.3.1. Prefabricated

        13.3.2. Customized

    13.4. North America Foot Orthotic Insoles Market Size and Forecast, by Material

        13.4.1. Thermoplastics

        13.4.2.  Polyethylene Foams

        13.4.3.  Leather

        13.4.4.  Cork

        13.4.5.  Composite Carbon Fibers

        13.4.6.  Ethyl-vinyl Acetates (EVAs)

        13.4.7.  Gel

        13.4.8.  Others

    13.5. North America Foot Orthotic Insoles Market Size and Forecast, by End-user

        13.5.1. Hospitals

        13.5.2. Cancer Centers 

        13.5.3. Others

    13.6. North America Foot Orthotic Insoles Market Size and Forecast, by Application

        13.6.1. Sports & Athletics

        13.6.2. Medical

        13.6.3. Personal Comfort

    13.7. North America Foot Orthotic Insoles Market Size and Forecast, by User

        13.7.1. Adults

        13.7.2. Pediatric 

    13.8. North America Foot Orthotic Insoles Market Size and Forecast, by Distribution Channel

        13.8.1. Drug Stores

        13.8.2.  Hospitals & Specialty Clinics

        13.8.3.  Online Stores

        13.8.4.  Others

    13.9. North America Foot Orthotic Insoles Market Forecast, by Country

        13.9.1. U.S.

        13.9.2. Canada

    13.10. North America Foot Orthotic Insoles Market Attractiveness Analysis 

        13.10.1. By Product

        13.10.2. By Material

        13.10.3. By Application

        13.10.4. By User

        13.10.5. By Distribution Channel

        13.10.6. By Country

14. Europe Foot Orthotic Insoles Market Analysis

    14.1. Europe Foot Orthotic Insoles Market Key Findings

    14.2. Europe Foot Orthotic Insoles Market Overview

    14.3. Europe Foot Orthotic Insoles Market Size and Forecast, by Product

        14.3.1. Prefabricated

        14.3.2. Customized

    14.4. Europe Foot Orthotic Insoles Market Size and Forecast, by Material

        14.4.1. Thermoplastics

        14.4.2.  Polyethylene Foams

        14.4.3.  Leather

        14.4.4.  Cork

        14.4.5.  Composite Carbon Fibers

        14.4.6.  Ethyl-vinyl Acetates (EVAs)

        14.4.7.  Gel

        14.4.8.  Others

    14.5. Europe Foot Orthotic Insoles Market Size and Forecast, by End-user

        14.5.1. Hospitals

        14.5.2. Cancer Centers 

        14.5.3. Others

    14.6. Europe Foot Orthotic Insoles Market Size and Forecast, by Application

        14.6.1. Sports & Athletics

        14.6.2. Medical

        14.6.3. Personal Comfort

    14.7. Europe Foot Orthotic Insoles Market Size and Forecast, by User

        14.7.1. Adults

        14.7.2. Pediatric 

    14.8. Europe Foot Orthotic Insoles Market Size and Forecast, by Distribution Channel

        14.8.1. Drug Stores

        14.8.2.  Hospitals & Specialty Clinics

        14.8.3.  Online Stores

        14.8.4.  Others

    14.9. Europe Foot Orthotic Insoles Market Forecast, by Country

        14.9.1. Germany

        14.9.2. U.K.

        14.9.3. France

        14.9.4. Spain

        14.9.5. Italy

        14.9.6. Rest of Europe

    14.10. Europe Foot Orthotic Insoles Market Attractiveness Analysis

        14.10.1. By Product

        14.10.2. By Material

        14.10.3. By Application

        14.10.4. By User

        14.10.5. By Distribution Channel

        14.10.6. By Country

15. Asia Pacific Foot Orthotic Insoles Market Analysis

    15.1. Asia Pacific Foot Orthotic Insoles Market Key Findings

    15.2. Asia Pacific Foot Orthotic Insoles Market Overview

    15.3. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by Product

        15.3.1. Prefabricated

        15.3.2. Customized

    15.4. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by Material

        15.4.1. Thermoplastics

        15.4.2.  Polyethylene Foams

        15.4.3.  Leather

        15.4.4.  Cork

        15.4.5.  Composite Carbon Fibers

        15.4.6.  Ethyl-vinyl Acetates (EVAs)

        15.4.7.  Gel

        15.4.8.  Others

    15.5. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by End-user

        15.5.1. Hospitals

        15.5.2. Cancer Centers 

        15.5.3. Others

    15.6. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by Application

        15.6.1. Sports & Athletics

        15.6.2. Medical

        15.6.3. Personal Comfort

    15.7. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by User

        15.7.1. Adults

        15.7.2. Pediatric 

    15.8. Asia Pacific Foot Orthotic Insoles Market Size and Forecast, by Distribution Channel

        15.8.1. Drug Stores

        15.8.2.  Hospitals & Specialty Clinics

        15.8.3.  Online Stores

        15.8.4.  Others

    15.9. Asia Pacific Foot Orthotic Insoles Market Forecast, by Country

        15.9.1. China

        15.9.2. India

        15.9.3. Japan

        15.9.4. Australia & New Zealand

        15.9.5. Rest of Asia Pacific

    15.10. Asia Pacific Foot Orthotic Insoles Market Attractiveness Analysis 

        15.10.1. By Product

        15.10.2. By Material

        15.10.3. By Application

        15.10.4. By User

        15.10.5. By Distribution Channel

        15.10.6. By Country

16. Latin America Foot Orthotic Insoles Market Analysis

    16.1. Latin America Foot Orthotic Insoles Market Key Findings

    16.2. Latin America Foot Orthotic Insoles Market Overview

    16.3. Latin America Foot Orthotic Insoles Market Size and Forecast, by Product

        16.3.1. Prefabricated

        16.3.2. Customized

    16.4. Latin America Foot Orthotic Insoles Market Size and Forecast, by Material

        16.4.1. Thermoplastics

        16.4.2.  Polyethylene Foams

        16.4.3.  Leather

        16.4.4.  Cork

        16.4.5.  Composite Carbon Fibers

        16.4.6.  Ethyl-vinyl Acetates (EVAs)

        16.4.7.  Gel

        16.4.8.  Others

    16.5. Latin America Foot Orthotic Insoles Market Size and Forecast, by End-user

        16.5.1. Hospitals

        16.5.2. Cancer Centers 

        16.5.3. Others

    16.6. Latin America Foot Orthotic Insoles Market Size and Forecast, by Application

        16.6.1. Sports & Athletics

        16.6.2. Medical

        16.6.3. Personal Comfort

    16.7. Latin America Foot Orthotic Insoles Market Size and Forecast, by User

        16.7.1. Adults

        16.7.2. Pediatric 

    16.8. Latin America Foot Orthotic Insoles Market Size and Forecast, by Distribution Channel

        16.8.1. Drug Stores

        16.8.2.  Hospitals & Specialty Clinics

        16.8.3.  Online Stores

        16.8.4.  Others

    16.9. Latin America Foot Orthotic Insoles Market Forecast, by Country

        16.9.1. Brazil

        16.9.2. Mexico

        16.9.3. Rest of Latin America

    16.10. Latin America Foot Orthotic Insoles Market Attractiveness Analysis

        16.10.1. By Product

        16.10.2. By Material

        16.10.3. By Application

        16.10.4. By User

        16.10.5. By Distribution Channel

        16.10.6. By Country

17. Middle East & Africa Foot Orthotic Insoles Market Analysis

    17.1. Middle East & Africa Foot Orthotic Insoles Market Key Findings

    17.2. Middle East & Africa Foot Orthotic Insoles Market Overview

    17.3. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by Product

        17.3.1. Prefabricated

        17.3.2. Customized

    17.4. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by Material

        17.4.1. Thermoplastics

        17.4.2.  Polyethylene Foams

        17.4.3.  Leather

        17.4.4.  Cork

        17.4.5.  Composite Carbon Fibers

        17.4.6.  Ethyl-vinyl Acetates (EVAs)

        17.4.7.  Gel

        17.4.8.  Others

    17.5. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by End-user

        17.5.1. Hospitals

        17.5.2. Cancer Centers 

        17.5.3. Others

    17.6. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by Application

        17.6.1. Sports & Athletics

        17.6.2. Medical

        17.6.3. Personal Comfort

    17.7. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by User

        17.7.1. Adults

        17.7.2. Pediatric 

    17.8. Middle East & Africa Foot Orthotic Insoles Market Size and Forecast, by Distribution Channel

        17.8.1. Drug Stores

        17.8.2.  Hospitals & Specialty Clinics

        17.8.3.  Online Stores

        17.8.4.  Others

    17.9. Middle East and Africa Foot Orthotic Insoles Market Forecast, by Country

        17.9.1. South Africa

        17.9.2. Saudi Arabia

        17.9.3. U.A.E.

        17.9.4. Rest of Middle East & Africa

    17.10. Middle East and Africa Foot Orthotic Insoles Market Attractiveness Analysis 

        17.10.1. By Product

        17.10.2. By Material

        17.10.3. By Application

        17.10.4. By User

        17.10.5. By Distribution Channel

        17.10.6. By Country

18. Competition Landscape

    18.1. Global Foot Orthotic Insoles Market Share Analysis, by Company (2018)

    18.2. Foot Orthotic Insole Product Manufacturers: 

        18.2.1. Dr. Scholl's (Bayer Healthcare AG)

            18.2.1.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.1.2. Financials

            18.2.1.3. Recent Developments

            18.2.1.4. Strategy

        18.2.2. Powerstep (Stable Step, LLC)

            18.2.2.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.2.2. Financials

            18.2.2.3. Recent Developments

            18.2.2.4. Strategy

        18.2.3. A. Algeo Ltd

            18.2.3.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.3.2. Financials

            18.2.3.3. Recent Developments

            18.2.3.4. Strategy

        18.2.4. BIRKENSTOCK

            18.2.4.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.4.2. Financials

            18.2.4.3. Recent Developments

            18.2.4.4. Strategy

        18.2.5. Bauerfeind

            18.2.5.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.5.2. Financials

            18.2.5.3. Recent Developments

            18.2.5.4. Strategy

        18.2.6. SUPERFEET WORLDWIDE, INC

            18.2.6.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.6.2. Financials

            18.2.6.3. Recent Developments

            18.2.6.4. Strategy

        18.2.7. Ottobock

            18.2.7.1. Overview (HQ, Employee Strength, Business Segments)

            18.2.7.2. Financials

            18.2.7.3. Recent Developments

            18.2.7.4. Strategy

    18.3. Custom Foot Orthotic Insole Machine Manufacturers

        18.3.1. Foot Science International

            18.3.1.1. Overview (HQ, Employee Strength, Business Segments)

            18.3.1.2. Financials

            18.3.1.3. Recent Developments

            18.3.1.4. Strategy

        18.3.2. Create O & P

            18.3.2.1. Overview (HQ, Employee Strength, Business Segments)

            18.3.2.2. Financials

            18.3.2.3. Recent Developments

            18.3.2.4. Strategy

        18.3.3. Groupe Gorgé

            18.3.3.1. Overview (HQ, Employee Strength, Business Segments)

            18.3.3.2. Financials

            18.3.3.3. Recent Developments

            18.3.3.4. Strategy

        18.3.4. DOLA – Digital Orthotics Laboratories Australia

            18.3.4.1. Overview (HQ, Employee Strength, Business Segments)

            18.3.4.2. Financials

            18.3.4.3. Recent Developments

            18.3.4.4. Strategy

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Foot Orthotic Insoles Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026