Foot Orthotic Insoles Market New Technology, Challenges by Arden Orthotics, Superfeet Worldwide, logies by 2027 – OttoBock, Yellow Wood Partners, AcorOrthopaed, Aetrex Worldwide, Amfit

Foot orthoses, which are commonly referred to as orthotics, are devices made to insert into the shoes, which provides off-loading foot structures and cushioning. Foot orthoses are used in attachment to the standard medical care of patients with foot and lower limb problems, including plantar heel pain, rheumatoid arthritis, pronated foot, diabetic risk plantar. The adoption of foot orthotic insoles services has grown at unprecedent rate in last few years owing to the increasing incidence of diabetes, arthritis, and other foot conditions. Additionally, aging population, and growing demand from sports sector are further emphasizing on the adoption of foot orthotic insoles worldwide. Moreover, introduction of 3D printed orthotics insoles is expected to foster the market growth during the forecast period. However, less adoption of foot orthotics insoles due to lack of awareness in emerging economies is restricting the Foot Orthotic Insoles market growth.

The foot orthotic insoles market was valued at US$ 3,560.00 million in 2019 and is projected to reach US$ 5,464.57 million by 2027; it is expected to grow at a CAGR of 5.7%from 2020 to 2027.

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As North America has been witnessing growing number of COVID-19 cases since the viral outbreak. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak wordwide. The expected decline in the global sales of foot orthotic insoles is attributable to massive supply chain disruptions across significant export markets, including China and India.

Top Leading companies like

Aetrex Worldwide, Inc
Bauerfeind AG
OttoBock
Superfeet Worldwide Inc.
Sidas
Algeos
Amfit Inc
Arden Orthotics
Acor Orthopaedic, Inc.
Yellow Wood Partners

Based on drug type, the foot orthotic insoles market is segmented into customized and prefabricated. The customized segment held a larger share of the market in 2019. Also, the same segment is anticipated to register a higher CAGR during the forecast period. The growth of the market for customized insoles is attributed to rising demand from medical, and sports sector.

Rising diabetes-associated risks such as diabetic foot ulcers and pressure sores are boosting the demand for foot orthotic insoles. Diabetic foot ulcers (DFUs) are severe and chronic. As per the International Diabetes Federation (IDF), DFUs affect approximately 40–60 million people with diabetes worldwide. Given the seriousness of foot ulceration, there is an increasing focus on preventing the ulceration. Elevated plantar pressures are recognized as one of the risk factors for first ulceration and international guidelines suggest the use of orthotic insoles to reduce pressures. Increasing prevalence of diabetes is expected to boost the adoption of foot orthotic insoles in the coming years. As per the IDF, in 2019, approximately 463 million adults worldwide had diabetes, and this number is expected to reach 700 million by 2045. Apart from this, rise in cases of rheumatoid arthritis (RA) is likely to increase the demand for foot orthotic insoles during the forecast period.

Orthotic insoles are used to maintain the health of feet of patients with conditions, such as rheumatoid arthritis and diabetes. Orthotic devices are also extensively used in sports activities to improve skeletal function, thus enhancing the performance of the athlete. With the progression of age, cartilages become prone to strain and fatigue due to less water content and connective tissues such as ligaments attached to the bones become less flexible.

Foot Orthotic Insoles Market – by Product Type

Customized
Prefabricated

Foot Orthotic Insoles Market – by Material

Thermoplastics
Polyethylene foams
Leather
Cork
Composite Carbon Fibers
Ethyl-vinyl acetates (EVAs)
Gel
Others

Foot Orthotic Insoles Market – by Application

Sports and Athletics
Medical
Personal Comfort

Foot Orthotic Insoles Market – by Distribution Channel

Drug Stores
Hospitals and Specialty
Online Stores
Others

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Table of content:

Chapter 1 Foot Orthotic Insoles Market Overview
Chapter 2 Global Economic Impact on Foot Orthotic Insoles Industry
Chapter 3 Global Foot Orthotic Insoles Market Competition by Manufacturers
Chapter 4 Global Foot Orthotic Insoles Production, Revenue (Value) by Region 2019-2027
Chapter 5 Global Foot Orthotic Insoles Supply (Production), Consumption, Export, Import by Regions -2019-2027
Chapter 6 Global Foot Orthotic Insoles Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Foot Orthotic Insoles Market Analysis by Application
Chapter 8 Foot Orthotic Insoles Manufacturing Cost Analysis
Chapter 9 Foot Orthotic Insoles Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders

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This release was published on openPR.