Overview and Scope
The foot orthotic insoles refer to prescription medical devices worn inside the shoe to treat and cure discomfort in the feet. It is used to treat foot problems such as difficulties walking, standing, or running.
Sizing and Forecast
The foot orthotic insoles market size has grown strongly in recent years. It will grow from $3.55 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to medical advancements in podiatry, technological innovations in materials, sports medicine influence, health conscious consumer trends, fashion and functionality merge..
The foot orthotic insoles market size is expected to see strong growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rise in chronic conditions, e-commerce expansion, aging population influence, fashionable and functional designs, medical community recommendations, athletic and fitness trends.. Major trends in the forecast period include medical professional recommendations, fashion and comfort fusion, sports and fitness market growth, customization and personalization, advancements in material science..
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The foot orthotic insoles market covered in this report is segmented –
1) By Type: Prefabricated, Customized
2) By Material: Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethylene-vinyl Acetate, Gel, Other Materials
3) By Application: Medical, Sports And Athletics, Personal
4) By Distribution Channel: Drug Stores, Hospitals And Specialty Clinics, Online Stores, Other Distribution Channels
North America was the largest region in the foot orthotic insoles market in 2023. The regions covered in the foot orthotic insoles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising prevalence of diabetes is expected to propel the growth of the foot orthotic insoles market going forward. Diabetes is a long-term metabolic condition marked by high blood glucose (also known as blood sugar), which over time can seriously harm the heart, blood vessels, eyes, kidneys, and nerves. Foot orthotic insoles are required to treat diabetic feet that have already experienced Charcot arthropathy and foot ulcers. Hence, the rise in the prevalence of diabetes will lead to an increase in demand for foot orthotic insoles. For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation (IDF), a Germany-based organization of over 230 national diabetes associations, in 2021, around 537 million adults (20–79 years old) have diabetes globally, and is anticipated that this figure would increase to 643 million by 2030 and to 783 million by 2045. Therefore, the rise in the prevalence of diabetes is driving the growth of the foot orthotic insoles market.
Key Industry Players
Major companies operating in the foot orthotic insoles market are focused on developing AI-based smart insoles to extend their reach in the global markets. An AI-based smart insole refers to a technologically advanced shoe insert that incorporates artificial intelligence (AI) capabilities. For instance, in January 2022, Digitsole, a France-based smart footwear company, launched Digitsole Pro, advancing digital health with smart insoles for clinical assessment and patient mobility. The system captures biomechanical data for better treatment options. With inertial platforms and AI algorithms, it analyzes movements to aid in recovery from various conditions. Digitsole Pro uses the smallest foot inertial measurement unit module in the world, DSPods, to evaluate the quantitative and qualitative impact of movement to improve patient health.
The foot orthotic insoles market report table of contents includes:
1. Executive Summary
2. Foot Orthotic Insoles Characteristics
3. Foot Orthotic Insoles Trends And Strategies
4. Foot Orthotic Insoles – Macro Economic Scenario
5. Global Foot Orthotic Insoles Size and Growth
…..
32. Global Foot Orthotic Insoles Competitive Benchmarking
33. Global Foot Orthotic Insoles Competitive Dashboard
34. Key Mergers And Acquisitions In The Foot Orthotic Insoles
35. Foot Orthotic Insoles Future Outlook and Potential Analysis
36. Appendix
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