The global foot orthotic insoles market size is expected to reach USD 4.50 billion by 2027. This is attributable to the rising geriatric population and the increasing incidence of diabetes that is driving the demand for advanced foot orthotic insoles globally. Fortune Business Insights, in its latest report, titled, “Foot Orthotic Insoles Market Size, Share & COVID-19 Impact Analysis, By Type (Prefabricated and Customized), By Application (Medical, Sports & Athletics, and Personal), By Material (Thermoplastics, Ethyl-vinyl Acetate (EVA), Foam, Composite Carbon Fibre, and Others), By Age Group (Pediatrics and Adults), By Distribution Channel (Hospital Pharmacies, Retail Stores, and Online Stores), and Regional Forecast, 2020-2027.”, observes that the market stood at USD 3.25 billion in 2019 and is likely to exhibit a CAGR of 6.1% between 2020 and 2027.
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Leading Players operating in the Foot Orthotic Insoles Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Implus LLC (North Carolina, U.S.)
- Hanger Inc. (Texas, U.S.)
- Aetrex Worldwide, Inc. (New Jersey, U.S.)
- Footbalance System Ltd. (Vantaa, Finland)
- Tynor Orthotics Pvt. Ltd. (Punjab, India)
- Digital Orthotics Laboratories Australia Pty Ltd. (Anstead, Australia)
- Thuasne (Levallois-Perret, France)
- Other prominent players
Suspension of Several Non-COVID-19 Healthcare Procedure to Impact Market Revenue
Due to cancellation or rescheduling of several outpatient appointments, the patient volume in orthotics and podiatry clinics has decreased significantly. This is owing to the growing shift towards treating COVID-19 patients on the advisory of the government agencies globally. This is likely to affect the revenue generation of the orthotic department. However, the growing adoption of digital technologies by the orthotic clinics is likely to favor the market growth in the forthcoming years
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Foot orthotic insoles are shoe insert products that are specially manufactured to cure the foot deformity among patients and provide stability to the biomechanical misalignment of the foot. Several patients adopt such foot insoles that provide them comfort while walking and further lead to considerable reduction of pain.
What does the Report Provide?
The market report includes a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth between 2020 and 2027. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PESTEL analysis to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in Foot Orthotic Insoles
- Key Start-ups with Funding Overview
- Pricing Analysis, Key Players
- Key Industry Developments – New Product Launches, Mergers, Acquisitions and Partnerships
- Impact of COVID-19 on Orthotics Market
- Global Foot Orthotic Insoles Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Prefabricated
- Customized
- Market Analysis, Insights and Forecast – By Application
- Medical
- Sports & Athletics
- Personal
- Market Analysis, Insights and Forecast – By Material
- Thermoplastics
- Ethyl-vinyl Acetate (EVA)
- Foam
- Composite Carbon Fibre
- Others
- Market Analysis, Insights and Forecast – By Age Group
- Adults
- Pediatrics
- Market Analysis, Insights and Forecast – By Distribution Channel
- Hospital Pharmacies
- Retail Stores
- Online Stores
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of World
- North America Foot Orthotic Insoles Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Prefabricated
- Customized
- Market Analysis, Insights and Forecast – By Application
- Medical
- Sports & Athletics
- Personal
- Market Analysis, Insights and Forecast – By Material
- Thermoplastics
- Ethyl-vinyl Acetate (EVA)
- Foam
- Composite Carbon Fibre
- Others
Reasons to Purchase this Report:
- Comprehensive analysis of the Foot Orthotic Insoles Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What are the key technological and Foot Orthotic Insoles Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Foot Orthotic Insoles Market growth?
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