Foot Orthotic Insoles Market Report 2024 (Global Edition)

Global Foot Orthotic Insoles Market Report 2024 Market Size Split by Material (Thermoplastics, Ethyl-vinyl Acetate (EVA), Foam, Composite Carbon Fiber, Others), by Product (Prefabricated, Custom), by ...

Foot Orthotic Insoles Market Report Description

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Foot Orthotic Insoles Market Insights Video

Competitive Landscape of the Foot Orthotic Insoles Market

The major players in the foot orthotic insoles industry employ a wide range of tactics to maintain and grow their share of the global market. These include mergers and acquisitions, partnerships, collaboration, joint ventures, production process innovations, product line expansions, and improvements to existing products. They also seek out new customers in the endless foot orthotic insoles market worldwide.

July 2024: Reckitt Benckiser Group Plc revealed plans to transform into a top-tier individual sanitation and hygiene firm by implementing its comparable company's strongest expansion and profitability prospects. To maximize future value for stockholders, this entails drastically honing its product inventory and transitioning to a more straightforward, efficient organization. (Source: https://reckitt.com/media-landing/press-releases/2024/reckitt-to-sharpen-its-portfolio-and-simplify-organisation-for-accelerated-growth-and-value-creation/) June 2024: The Ottobock Technological Maintenance Center is set to launch, offering the athletes competing in the Paris Olympic Events cutting-edge technology and digitalized procedures. Several days before the opening of the Paris Olympic Sports, Ottobock, a longtime collaborator of the International Paralysis Committee (IPC), will offer its technological assistance. (Source: https://corporate.ottobock.com/en/company/newsroom/technical-service-4-0-ottobock-embraces-digital-technologies-for-the-paris-2024-paralympic-games) August 2024: Blatchford, a renowned orthotics maker, created the ground-breaking Tectus adaptive orthotic gadget, which makes walking easier, safer, and stronger for those suffering from complete lower-extremity disability. (Source: https://www.blatchfordmobility.com/en-gb/news/press-releases/blatchford-launches-tectus-the-next-step-in-intelligent-orthotics/)

Top Companies Market Share in Foot Orthotic Insoles Industry: (In no particular order of Rank)

• Reckitt Benckiser Group PLC
• Hanger Inc
• Ottobock SE & Co. KGaA
• Ossur hf
• Algeo Limited
• Bauerfeind AG
• Groupe Gorge
• Colfax Corporation
• Superfeet Worldwide Inc
• Materialise NV
• Blatchford Group Limited
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Foot Orthotic Insoles Market

Which Region Dominates the Foot Orthotic Insoles Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because obesity has become more common in this area. A growth in athletic events also drives interest. Due to technical breakthroughs brought about by large ongoing expenditures in research and development, the possibility for growth is expected to expand in the years ahead.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the foot orthotic insoles market because of things like the large audience targeted and improvements in technology. Furthermore, this local industry has benefited from increasing awareness about health. Due to the rise in the frequency of chronic diseases, including diabetics and orthopedic ailments, there is a noticeable need for both personalized and prefabricated insoles in this area.

The current report Scope analyzes Foot Orthotic Insoles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Foot Orthotic Insoles

According to Cognitive Market Research, the global foot orthotic insoles market size was estimated at USD 4215.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1686.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the F foot orthotic insoles market with a market size of USD 1330.44 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The nation's increasing investment in infrastructure.
• The Canada foot orthotic insoles market had a market share of USD 202.35 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Canada's rise is due to the nation's rapid expansion in the healthcare industry.
• The Mexico foot orthotic insoles market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 153.45 million in 2024.

Europe Foot Orthotic Insoles

According to Cognitive Market Research, the global foot orthotic insoles market size was estimated at USD 4215.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1264.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• The United Kingdom foot orthotic insoles market had a market share of USD 212.47 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. In the UK, foot orthotic insoles sales witness an upswing due to the nation's rising demand for innovative technology.
• The France foot orthotic insoles market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 116.35 million in 2024.
• According to Cognitive Market Research, the German foot orthotic insoles market size was valued at USD 250.41 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In Germany, foot orthotic insoles surged due to the presence of major market players.
• The Italy foot orthotic insoles market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 108.76 million in 2024.
• The Russia foot orthotic insoles market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 196.03 million in 2024.
• The Spain foot orthotic insoles market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 103.70 million in 2024
• The Luxembourg foot orthotic insoles market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 39.21 million in 2024.
• The Portugal foot orthotic insoles market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 26.56 million in 2024.
• The Greece foot orthotic insoles market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 15.18 million in 2024.
• Rest of Europe's foot orthotic insoles market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 196.03 million in 2024.

Asia Pacific Foot Orthotic Insoles

According to Cognitive Market Research, the global foot orthotic insoles market size was estimated at USD 4215.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 969.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

• According to Cognitive Market Research, the China foot orthotic insoles market size was valued at USD 436.31 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period Foot orthotic insoles surged in China due to the adoption of various technologies.
• The Japan foot orthotic insoles market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 133.80 million in 2024.
• The India foot orthotic insoles market had a market share of USD 116.35 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. India's supportive initiatives taken by the government.
• The South Korean foot orthotic insoles market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 96.96 million in 2024.
• The Australian foot orthotic insoles market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 50.42 million in 2024.
• The South East Asia foot orthotic insoles market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 66.90 million in 2024.
• The Rest of Asia Pacific foot orthotic insoles market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 68.84 million in 2024.

South America Foot Orthotic Insoles

According to Cognitive Market Research, the global foot orthotic insoles market size was estimated at USD 4215.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 210.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil foot orthotic insoles market size was valued at USD 90.21 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Foot orthotic insoles flourished in Brazil due to the innovation in customer habitats.
• Argentina's foot orthotic insoles market had a market share of USD 35.41 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia foot orthotic insoles market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 18.76 million in 2024.
• Peru foot orthotic insoles market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 17.28 million in 2024.
• Chile foot orthotic insoles market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 15.18 million in 2024.
• The Rest of Latin America's foot orthotic insoles market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 33.94 million in 2024.

Middle East and Africa Foot Orthotic Insoles

According to Cognitive Market Research, the global foot orthotic insoles market size was estimated at USD 4215.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 84.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031..

• The GCC Countries foot orthotic insoles market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 36.09 million in 2024 foot orthotic insoles sales flourish due to the presence of major market players.
• The Egypt foot orthotic insoles market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 8.85 million in 2024.
• The South Africa foot orthotic insoles market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 13.32 million in 2024. Foot orthotic insoles sales flourish in South Africa due to technological advancements, and regulatory support.
• The Turkey foot orthotic insoles market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.25 million in 2024.
• The Nigeria foot orthotic insoles market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 8.85 million in 2024.
• The Rest of MEA foot orthotic insoles market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 9.95 million in 2024.

Foot Orthotic Insoles Market Analysis

Foot Orthotic Insoles Market Material Segment Analysis

According to Cognitive Market Research, thermoplastic stands out as the dominant category over the projected period because thermoplastic materials are used more often in the production of these products, and foot pressure has drastically decreased significantly. For this reason, producers choose thermoplastic materials because of their many advantages. Shock-absorbing insole demand for materials has increased due to the growing popularity of these items for sporting and physical activity.

Ethyl-vinyl acetate emerges as the fastest-growing category in the foot orthotic insoles market because of the increasing incidence of foot abnormalities and foot discomfort, as well as the widespread use of ethyl-vinyl acetate in the production of foot orthotic insoles. Furthermore, the ethyl-vinyl acetate industry has grown due to the increase in elderly people, who are more susceptible to arthritis caused by rheumatoid arthritis.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Foot Orthotic Insoles Industry. Request a Free Sample PDF!

Foot Orthotic Insoles Market Product Segment Analysis

According to Cognitive Market Research, the dominant category is custom because more people are choosing custom foot orthotic insoles since they meet satisfaction requirements. In addition, the majority of orthotists recommend personalized insoles for the feet in order to improve clinical results. Industry growth has been accelerated by advances in technology like virtual reality foot detectors and molded ceramics, which have enabled it simpler for producers to supply personalized insoles for patients.

The fastest-growing category in the foot orthotic insoles market is prefabricated because they are easily accessible, fast-acting, and do not require authorization from a medical professional in order to be purchased. For those seeking quick treatment for moderate foot problems or pain, this simplicity is particularly alluring. Prefabricated insoles are attractive to an expanded spectrum of customers, including those on restricted financing, because they are frequently more affordable than customized insoles.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Foot Orthotic Insoles market report 2024 Edition by contacting our team.

Foot Orthotic Insoles Age group Segment Analysis

Foot Orthotic Insoles Market Age Group Segment Analysis

According to Cognitive Market Research, the dominant category is adults because of the rising incidence of chronic discomfort, osteoarthritis, diabetes, and other age-related conditions. An adult's large body weight must be supported by a suitable material that can evenly distribute the weight and maximize user satisfaction. Adults use shoes more frequently and in more diversified ways than infants, which makes this industry a prominent sector. As the number of older adults ages, the need for foot insoles will likely increase due to the increased incidence of arthritic disease and lower extremity pain.

The fastest-growing category in the foot orthotic insoles market is pediatrics. Because of the rise in genetic foot problems. In these situations, adolescents can be spared from serious diseases by taking precautions from an early age. This element appears to be an important contributor to this sector's development.

• Adult
• Pediatric

Foot Orthotic Insoles Application Segment Analysis

Foot Orthotic Insoles Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is medical, the rising body of medical literature supporting their effectiveness in lowering pain associated with a range of illnesses and conditions. The need for orthotic insoles is made more urgent by the fact that an aging world populace is increasingly susceptible to these conditions. The increasing focus on proactive healthcare to stop foot-related issues before they deteriorate and become more significant issues further drives growth in this market.

The fastest-growing category in the foot orthotic insoles market is sports & athletics because of the growing use of shock-absorbing heel orthotics to reduce injuries sustained through athletics and tough physical activity. Healthy lifestyles include physical activities like jogging and walking, and athletics have gained increased attention from the public. Shoes are a convenient place for fixing naturally occurring products.

• Sports and Athletics
• Medical
• Personal

Foot Orthotic Insoles Distribution Channel Segment Analysis

Foot Orthotic Insoles Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominant category is hospital pharmacies due to advantageous health expenditures for recommended goods. Hospital pharmacists provide personalized foot insoles, which serve to propel the hospital pharmacy industry to new heights. The rise of heel orthotic insoles in hospital pharmacies is also encouraged by consumers' ignorance of the numerous facilities in the industry.

The fastest-growing category in the foot orthotic insoles market is retail stores because retail stores offer quick accessibility to goods and personalized support. Consumers gain from being able to examine the items, try the items for size and convenience, and receive immediate support from qualified specialists. For items like orthotic insoles, which need to be highly customized for fitting and convenience, this kind of individualized attention is priceless. In addition, a lot of retail companies, especially pharmacies and specialist health retail outlets, are conveniently located for consumers to visit.

• Hospital Pharmacies
• Retail Stores
• Online Stores

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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