Foot Orthotic Insoles Market

The Global Foot Orthotic Insoles Market size is predicted to reach $6.3 billion by 2030, growing at a CAGR of 6.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The increasing number of foot disorders, such as flat feet, diabetic foot complications, and heel spurs, and the technological advancements leading to the development of smart insoles propel market growth, finds IndustryARC in its recent report, titled “Foot Orthotic Insoles Market Size, Share & Trends Analysis Report By Manufacturing Method (Pre-Fabricated, Custom & Others), By Flexibility (Rigid, Semi-rigid, Soft Orthotic Insole), By Type of Material [Thermoplastics, Ethylene Vinyl Acetate (EVA), Foam, Composite Carbon Fibre & Others], By End Use (Sports, Medical & Comfort), By Gender Use (Male, Female & Unisex), By Distribution Channel (Hospitals/Clinics, Retail Store, Online Stores & Others), By Region and Segment Forecasts, 2024–2030”

The Foot Orthotic Insole industry in the Asia Pacific region is expanding due to the increasing prevalence of foot-related disorders, rising awareness of foot health, technological advancements in manufacturing and increasing disposable income, which lead to a greater demand for foot orthotics in this region, making them more accessible and affordable for consumers.

According to the WHO (World Health Organization), around 20% of the world's population has foot problems. The prevalence of foot diseases and ailments include flat feet, plantar fasciitis, diabetic foot issues, and heel spurs is increasing. These disorders may cause discomfort, agony, and mobility problems, hence increasing the need for foot orthotic insoles. This sector is expanding as a result of technology developments and an increased awareness of the benefits of foot orthotics in preventing foot problems.

North America dominated the Foot Orthotic Insoles Market with a share of 40% and a revenue of $1.7 billion in 2023. This is due to the high prevalence of foot-related disorders, the availability of advanced manufacturing technologies, strong distribution channels, and high levels of consumer awareness that have led to the dominance of the foot orthotic insole market in North America. This region is also a hub for major market players such as Aetrex, Superfeet Worldwide, and Hanger.

Custom manufacturing process is analyzed to grow at the highest CAGR of 7.4% during the forecast period 2024-2030. Custom-manufactured insoles are made specifically for an individual's foot shape and condition, unlike pre-made insoles that are mass-produced and designed to fit a range of foot sizes and shapes. In addition, technological advancements such as 3D printing make it possible to create personalized insoles fast and precisely, hence decreasing production costs and lead times.

Smart insoles are a new technology transforming the foot orthotic insole market. These insoles use sensors to track foot pressure, movement, and gait, providing valuable data to healthcare providers and consumers. This data helps with the accurate diagnosis and treatment of foot problems. 

For instance, companies like NURVV, Digisole offer smart insoles as an alternative to a wrist or app-based trackers. After slipping the insoles into your sneakers, they calculate detailed insights about your runs through sensors on your feet and share feedback across your runs in companion iOS or Android apps.  

Foot orthotic insoles are getting better in terms of comfort and durability as new materials are used to improve their design and performance. Nowadays, 3D technology allows the use of advanced materials like carbon fiber and titanium, which are lightweight, strong, and durable. Memory foam is a popular material for orthotic insoles because it molds to the foot's shape, providing excellent cushioning and support. Graphene is a material known for its strength, flexibility, and conductivity. Graphene-enhanced insoles can provide improved shock absorption, energy return, and durability.

Artificial intelligence (AI) plays an increasingly important role in the foot orthotic market by improving the design, manufacturing, and analysis of foot orthotic insoles. AI improves the orthotic insole's accuracy, efficiency, and effectiveness, leading to personalized guidance and support for their foot health. These assistants can advise patients on how to properly use and care for their orthotic insoles and make recommendations for workouts and lifestyle modifications that can enhance foot health.

For instance, in January 2022, Digisole launched its latest AI-based smart insole technology. They developed a smart insole with a significant assessment that can help improve a patient's walking or running and advance recovery from neurological, orthopedic, or sport-related conditions by measuring objective biomechanical data that the naked eye cannot observe.

• Foot Orthotic Insoles Market Size and Forecast 

• Foot Orthotic Insoles Market Trends

• Foot Orthotic Insoles Market Analysis by Product Type

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Foot Orthotic Insoles Market size estimation and forecast

• Analysis and predictions on end users’ behaviour and upcoming trends 

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Foot Orthotic Insoles Market

Due to the global economic crisis caused by the Covid pandemic, the market has been impacted by supply chain disruptions, manufacturing delays, and decreased consumer spending. During lockdowns, footwear stores and clinics were temporarily closed, which decreased foot orthotic insole sales. On the other side, the pandemic has heightened awareness of the significance of foot health, as people have spent more time at home and been more aware of the effect footwear has on their overall health. Hence, the need for foot orthotic insoles has skyrocketed.

The Ukraine-Russia conflict has a feeble impact on the global market for orthotic insoles. The situation had negative effects on the affected regions, including supply chain disruptions, increased costs, and decreased consumer confidence. Moreover, the shift of healthcare resources and priorities to the affected regions, is also set to constrain the domestic & regional market growth. 

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The Global Foot Orthotic Insoles Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Hanger Inc. 

• Reckitt Benckiser Group PLC 

• Implus Footcare LLC

• Superfeet Worldwide Inc. 

• Bauerfeind AG 

• Ottobock SE & Co. KGaA 

• Aetrex Worldwide, Inc.

• Footbalance Systems Ltd.

• Össur hf 

• Algeo Limited 

• Groupe Gorge 

• Colfax Corporation 

• Materialise NV 

• New Balance Athletics, Inc.

• Darco International Inc

Orthotic Device Market – Orthotic Device Market is estimated to grow at a CAGR of 5.25% during the forecast period 2018-2023. Growing conditions such as arthritis, musculoskeletal and orthopedic problems, deformities, and incorrect posture alignment boost the market for orthotic devices.

Foot and Ankle Device Market – The foot and ankle device market is estimated to grow at a CAGR of 6.8% during the forecast period of 2022–2027. Diabetic foot, severe ankle injuries, traumatic ankle injuries, arthritis, and other disorders requiring surgical treatments are treated with the Foot & Ankle Device, which leads to market growth.

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IndustryARC

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