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Foot Orthotic Insoles Market is Expected to Reach $5.7 billion by 2031: Says AMR

Rise in the prevalence of foot deformities include clubfoot, bunions, hammertoes, mallet toes, claw toes, increase in the geriatric population, and surge in the adoption of 3D foot printing techniques drive the growth of the global foot orthotic insoles market. By material, the ethyl-vinyl acetate (EVA) segment contributed to the major share in 2021. By region, on the other hand, Asia-Pacific would showcase the fastest CAGR by 2031.

/EIN News/ -- Portland, OR, Feb. 01, 2023 (GLOBE NEWSWIRE) -- A new business intelligence report released by Allied Market Research, the global Foot Orthotic Insoles Market size was estimated at $3.2 billion in 2021 and is expected to hit $5.7 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Report coverage & details:

Forecast Period 2022–2031
Base Year 2021
Market Size in 2021 $3.2 Billion
Market Size in 2031 $5.7 Billion
CAGR 6.4%
No. of Pages in Report 244
Segments Covered Material, Application, Distribution Channel, and Region.
Drivers Rise in the prevalence of foot deformities and pain
Surge in the geriatric population
Restraints Limited penetration rate of foot orthotic insoles in the emerging countries
High cost of custom-made insoles
Opportunities Rise in demand of foot orthotic insoles by sports and athletics


Covid-19 scenario-

  • Decrease in the number of consultations for foot ailments and cancellation of orthotic appointments, as well as shortage of supply chain during the pandemic had a negative impact on the global foot orthotic insoles market.
  • However, as the global situation has recovered, the market has now got back on track and is expected to continue the same trend during the analysis period.

The global foot orthotic insoles market is analyzed across material, application, distribution channel, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

By material, the ethyl-vinyl acetate (EVA) segment held the largest share in 2021, garnering around almost two fourths share of the global foot orthotic insoles market revenue, and is projected to maintain its dominance by 2031. The same segment would also showcase the fastest CAGR of 6.9% during the forecast period.

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By application, the medical segment contributed to nearly half of the global foot orthotic insoles market share in 2021 and is projected to rule the roost by 2031. The personal comfort segment, on the other hand, would display the fastest CAGR of 7.3% throughout the forecast period.

By distribution channel, the retail stores segment accounted for the highest share in 2021, generating nearly half of the global foot orthotic insoles market revenue. The online stores segment would portray the fastest CAGR of 7.3% during the forecast period.

By region, North America held the major share in 2021, garnering more than one-third of the global foot orthotic insoles market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 7.8% from 2022 to 2031.

The key market players analyzed in the global foot orthotic insoles market report includes A. Algeo Ltd., Acor Orthopaedic, Inc., Aetrex Inc., Bauerfeind, Digital Orthotics Laboratories Australia Pty Ltd, Foot Science International, FootBalance System Ltd, Superfeet Worldwide, Llc, Thuasne, Tynorindia. These market players have embraced several strategies including innovation to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.


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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.



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