Rising prevalence of obesity and disorders associated with it are expected to drive the global orthotic foot insoles market in the forecast period. Fortune Business Insights shares key market insights in its report, titled “Orthotic Foot Insoles Industry Size, Share and Global Trend By Product (Prefabricated Foot Insoles, Customized Foot Insoles), By Application (Medical, Sports & athletics, Personal comfort), By Material (Thermoplastics, Polyethylene foams, Ethyl-vinyl acetates (EVAs), Leather, Composite carbon fibre), By Age Group (Adult, Paediatric), By Distribution Channel (Drug stores, Hospitals & speciality clinics, Online stores)”. A comprehensive market analysis and its major driving factors are contained in the report.
Orthotics are specialized medical devices that are prescribed by doctors to treat foot, back, or leg related discomforts and problems. Orthotic insoles are shoe or heel inserts that are custom-made for every patient who needs them. This treatment method is adopted primarily to correct foot deformities that can affect one’s posture and walking and running abilities. Some common ailments that require the use of orthotics include diabetes, rheumatoid arthritis, flat feet, bursitis, back pain, plantar fasciitis, bunions, to name a few.
Increasing Incidence of Diabetes to Fuel the Market
The global orthotic foot insoles market is expected to rise at a steady rate owing to the increasing prevalence of diabetes. Foot problems are a common consequence of diabetes as the disease causes nerve and vascular damage. For example, diabetics are known to lose sensation in their feet called as diabetic neuropathy. Orthotic treatments are an effective way to deal with foot disorders associated with diabetes and are becoming popular among diabetics. With the number diabetics expected to rise at a rate of about 25 mn per year, as per the International Diabetes Federation, the global orthotics foot insoles market size is slated for rapid expansion.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Orthotic Foot Insoles market. Some of the companies operating the global market are;
- penco Medical Corporation
- Aetrex Worldwide Inc.
- Hanger Orthoepedic Group Inc.
- Bayer AG (Dr. Scholl’s)
- Ottobock Holding Gmbh & Co. Kg
- Footbalance System Ltd.
- Tynor Orthotics Pvt. Ltd
- Soloscience Inc.
- DM Orthotics Ltd
- Acor Orthopedic, Inc.
- Foot Science International
- Birkenstock digital GmbH.
Aging Populations to Spur Market Growth
With increasing geriatric populations in developed countries, the global orthotic foot insoles market is set to get a major thrust. One in every four aged people commonly suffers from chronic foot pain and foot disorders, such as arthritis, which deteriorates their quality of life. Orthotic insoles can help in mitigating the effects of foot problems and can even alleviate their suffering to a great extent. As a result, the global market will grow at a considerable pace.
- Prefabricated Foot Insoles
- Customized Foot Insoles
- Sports & athletics
- Personal comfort
- Polyethylene foams
- Ethyl-vinyl acetates (EVAs)
- Composite carbon fibre
By Age Group
By Distribution Channel
- Drug stores
- Hospitals & speciality clinics
- Online stores
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)