Foot Orthotic Insoles Market to reach USD 5.28 billion by 2030,Industry Trends, Key Drivers Analysis

Foot orthotic insoles are shoe inserts that support the arch, and improve mobility, comfort, and pain relief. They have a soft foam that relieves pressure points, alleviates pain from flat feet, and improves lower limb motion and alignment. As a result, they are widely used to treat plantar fasciitis, metatarsalgia, shin pain, overpronation, collapsed arches, bunions, and Achilles tendonitis. They are currently available in various styles, types, shapes, and thicknesses, depending on the desired therapeutic effects.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-foot-orthotic-insoles-market

According to World Health Organization (WHO) data updated in October 2021, every country in the world is experiencing an increase in the size and proportion of older people in the population. According to WHO estimates, one in every six people in the world will be 60 or older by 2030, with the share of the population aged 60 and up increasing from 1 billion in 2020 to 1.4 billion in 2030. This ageing population is more vulnerable to foot disease, diabetes, joint and back pain, and a variety of other diseases that necessitate the use of orthotics for support or pain relief. As a result of the ageing population, the growth of the studied market is expected to increase during the forecast period.

Data Bridge Market Research analyses that the foot orthotic insoles market which is USD 3.17 billion in 2022, is expected to reach USD 5.28 billion by 2030, at a CAGR of 6.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Some of the major players operating in the foot orthotic insoles market are:

Bauerfeind USA Inc. (U.S.)

AMFIT (China)

Scholl's Wellness Co. (U.S.)

ComfortFit Orthotic Labs, Inc. (U.S.)

Aetrex Inc. (U.S.)

SIDAS (Sweden)

CURREX (U.S.)

PowerStep (U.S.)

Blatchford Limited (U.K.)

Cascade Dafo's (U.S.)

Health and Care (UK) Ltd (U.K.)

Implus (U.S.)

Hanger Inc. (U.S.)

Tynorindia (India)

Digital Orthotics Laboratories Australia Pty Ltd. (Australia)

Thuasne (France)

Foot Science International (New Zealand)

Drivers

Rising R&D activities

Many players are also keen on R&D in recycling thermoplastic materials to reduce the carbon footprint to adhere to the various norms and environmental policies. For instance, according to a November 2021 publication, a team at Oxford University Hospital focuses on significant sustainability improvements while producing orthotic insoles and other products. Since 2018, the team has recycled over 3.8 tonnes of thermoplastic. These are the factors which propel the market growth.

Global Foot Orthotic Insoles Market Scope

The foot orthotic insoles market is segmented on the basis of product, material type, application, user age group and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Prefabricated

Custom

Rigid/Function Orthotic Insoles

Soft/Accommodative Insoles

User Age Group

Adult

Pediatric

Application

Sports and Athletics

Medical

Personal Comfort

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