Foot Orthotic Insoles Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F Segmented By Material (Thermoplastic, Composite Carbon Fiber), By Type (Pre-Fabricated, Custom Made), By Application (Sports, Medical, Personal Comfort), By Distribution Channel (Hospitals & Specialty Clinic, Retail, Online, and Others (Specialty Store, Distributors, etc.)), By Re

The global foot orthotic insoles market is witnessing the robust growth due to several factors such as increasing demand for customized foot orthotic insoles, rising prevalence of chronic foot problems, improved biomaterial-based insoles, etc.

Foot orthotic insoles are products that are worn inside the shoe by people suffering with foot issues and these products help them to walk, stand, run without having pain. It also helps in reducing and relieve foot pain. The benefits of using these insoles include enhancing the foot and ankle's overall health, aligning the feet and ankles to support the body, and avoiding foot abnormalities. The demand for foot orthotic insoles has grown as chronic illnesses like diabetes, which can result in diabetic foot ulcers and other foot problems, have become more prevalent. Therefore, to cater to consumer demand companies are launching products concerning such issues. For instance, Orthotic Solutions Inc., a privately owned company offers a wide array of orthotics and diabetic

Plantar heel pain primarily affects inactive middle-aged and older persons, and it is estimated that running is responsible for 8.0% of all injuries. As a result, the disorder's increasing prevalence will indicate a favorable growth direction for the market. According to the National Center for Biotechnology Information,the number of diabetic foot ulcers worldwide in 2021 was range from 9.1 to 26.1 million. Flat feet symptoms are highly common in people across all age groups. More than 30% of the world’s population have a flat foot condition. Therefore, the foot orthotic insoles are high in demand by diabetic patients suffering from foot problems across the world.

In 2021, Reckitt Benckiser Group plc (“RB”) announced a transaction for the sale of Scholl (the “Sale”) to Yellow Wood Partners (“Yellow Wood”). The proposed Sale was a step forward in the company’s plan to bring greater focus to its portfolio.

Furthermore, many global manufacturers with technical expertise and core competencies are making constant efforts to create and produce new as well as unique products to attract more customers. The company specializes in pediatric orthotic care, foot orthoses for sports-related injuries, and post-surgical trauma orthotic solutions, etc. Biomaterial-based insoles that offer great strength and low wear is contributing to a significant rise in the foot orthotic insoles market size globally. Moreover, foot orthotic insoles industry has witnessed various technological changes which will boost the market in future. Rise in the adoption of sports and athletic activities has led to a positive impact on the foot orthotic insoles market demand.

Furthermore, the market is gradually shifting towards providing customized support to clients depending on their concerns and assisting them in improving their quality of life. Custom insoles are offered after a complete evaluation of an individual's feet, ankles, and legs by a doctor, physiotherapist, podiatrist, sports medicine physician, or orthopedic doctor. They are designed to fit an individual's foot and movement and to accommodate natural foot structure. Custom insoles also help in structural improvement of feet that help to regulate the movement of whole body.

However, one of the major restraints to market growth is the high cost of custom orthotic insoles. According to Podiatry Today, the average cost of prescription custom foot orthotics obtained from a doctor, ranges between USD400 and USD600. The entire cost of treatment differs from one doctor to another. The aforementioned primary issues are responsible for this market's limited growth, which in turn limits total market growth to a certain extent.

The global foot orthotic insoles market size in North America region is expected to have a dominant share of the global market during the forecasted period.

Download Free Sample Report Rising Prevalence of Chronic Foot Conditions Aiding the Market Growth

The growth of foot orthotic insoles market is being driven by the increased frequency of chronic foot disorders. More than 30% of the general population is estimated to suffer foot pain. Numerous medical disorders, such as arthritis, plantar fasciitis, bursitis, and diabetic foot ulcers, can contribute to this discomfort. As a result, doctors recommend foot orthotic insoles to treat these ailments. Additionally, 20 to 25 percent of those who have diabetes are predicted to have a chance of diabetic foot ulcer. The prevalence and incidence of diabetic foot ulcers are quickly rising globally due to the patient population.. The correct use of foot insole can relieve the chronic foot condition which is anticipated to drive the global foot orthotic insoles market in the forecast period.

Technological Advancement in Orthotic Foot Insoles is Fueling the Market Growth

Technological advancement is one of the key factors driving the foot orthotic insole market size globally. For instance, Dr. Scholl’s, which is a renowned foot care company launched a custom fit orthotic, which is 5-in-1 solution for achy feet, knee and lower back pain, and foot and heel disorders such as plantar fasciitis. These orthotic insoles come with layers of cushioning and customized arch support and thus providing superior support to the affected heel or ankle. Globally, it has been observed that people who suffer from debilitating foot pain find it difficult to accomplish daily activities like washing or climbing stairs. Therefore, manufacturers are focusing on the large-scale manufacturing and commercialization of technologically advanced orthotic foot insoles for consumers. For instance, in 2021 Covestro and GeBioM mbH, based in Munster expanded its orthopedic footwear corporation to support custom insoles production using 3D printing. Stratasys Direct gives millions of patients access to life-changing orthotics by offering much needed improvement in mobility and pain relief. Also, 3D footprinting techniques provide opportunities to improve the functional abilities and traditional manufacturing process for custom foot orthotics insoles which will drive the foot orthotics insole market across the globe.

Rise in the Demand for Customized Foot Orthotic Insoles

During the projected period, an increase in the demand for customized foot orthotic insoles is anticipated to offer profitable business development opportunities. Customized foot orthotics insoles are made specifically to fit inside the shoe and give the user support and comfort. They are created following a thorough study of the user's foot form. Additionally, according to clinical research comparing the efficacy of prefabricated insoles, customized foot orthotics are more successful than prefabricated ones due to better foot comfort while treating painful foot conditions. For instance, SOLE is a leading brand that offers medically accepted, customizable orthotic solutions clinically proven to eliminate foot pain and reduce strain caused by the plantar fascia. These insoles are perfect for tight-fitting footwear, including casual shoes, running shoes, cycling shoes, slim-fitting dress shoes, ski boots, and cleats due to their custom-moldable construction.

Market Segmentation

The global foot orthotic insoles market is segmented based on material, type, application, distribution channel, regional distribution and competitive landscape. Based on material, the market is divided into thermoplastic and composite carbon fiber. Based on type, the market is divided into pre-fabricated, and custom-made. Based on application, the market is further divided into sports, medical and personal comfort. Based on distribution channel, the market is fragmented into

Company Profiles

Reckitt Benckiser Group PLC, Hanger Inc, Algeo Limited, Bauerfeind AG, Colfax Corporation, Superfeet Worldwide Inc, Blatchford Group