Foot Orthotic Insoles Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. 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.
Leading Players operating in the Foot Orthotic Insoles Market 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
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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
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Foot Orthotic Insoles market and discusses how major companies are coping with this.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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.
Detailed Table of Content:
1 Foot Orthotic Insoles Market Overview
1.1 Foot Orthotic Insoles Product Overview
1.2 Foot Orthotic Insoles Market Segment by Type
1.3 Global Foot Orthotic Insoles Market Size by Type (2015-2027)
1.3.1 Global Foot Orthotic Insoles Market Size Overview by Type (2015-2027)
1.3.2 Global Foot Orthotic Insoles Historic Market Size Review by Type (2015-2021)
184.108.40.206 Global Foot Orthotic Insoles Sales Market Share Breakdown by Type (2015-2027)
220.127.116.11 Global Foot Orthotic Insoles Market Share Breakdown by Type (2015-2027)
18.104.22.168 Global Foot Orthotic Insoles Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Foot Orthotic Insoles Market Size Forecast by Type (2021-2027)
22.214.171.124 Global Foot Orthotic Insoles Sales Market Share Breakdown by Application (2021-2027)
126.96.36.199 Global Foot Orthotic Insoles Revenue Market Share Breakdown by Application (2021-2027)
188.8.131.52 Global Foot Orthotic Insoles Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Foot Orthotic Insoles Sales Breakdown by Type (2015-2027)
1.4.2 Europe Foot Orthotic Insoles Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Foot Orthotic Insoles Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Foot Orthotic Insoles Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Foot Orthotic Insoles Sales Breakdown by Type (2015-2027)
2 Global Foot Orthotic Insoles Market Competition by Company
2.1 Global Top Players by Foot Orthotic Insoles Sales (2015-2021)
2.2 Global Top Players by Foot Orthotic Insoles Revenue (2015-2021)
2.3 Global Top Players Foot Orthotic Insoles Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Foot Orthotic Insoles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Foot Orthotic Insoles Market Competitive Situation and Trends
2.5.1 Foot Orthotic Insoles Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Foot Orthotic Insoles Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Foot Orthotic Insoles as of 2019)
2.7 Date of Key Company Enter into Foot Orthotic Insoles Market
2.8 Key Company Foot Orthotic Insoles Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Foot Orthotic Insoles Status and Outlook by Region (2015-2027)
3.1 Global Foot Orthotic Insoles Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Foot Orthotic Insoles Market Size Market Share by Region (2015-2021)
3.2.1 Global Foot Orthotic Insoles Sales Market Share by Region (2015-2021)
3.2.2 Global Foot Orthotic Insoles Revenue Market Share by Region (2015-2021)
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- 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?
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- 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?
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- What Factors are estimated to drive and restrain the Foot Orthotic Insoles Market growth?
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