Foot Orthotic Insoles Market Size, Trends and Insights By Type (Customized, Prefabricated), By Material (Ethyl vinyl Acetate, Thermoplastics, Composite Carbon fiber, Form, Others), By Application (Sports and athletics, Medical, Personal), By Age Group (Pediatrics, Adults), By Distribution Channel (Retail stores, Hospital pharmacies, Online stores), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Superfeet Worldwide Inc.
- Ottobock
- Scholl’s
- Powerstep (Stable Step LLC)
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Foot Orthotic Insoles Market Size was valued at USD 3.93 billion in 2021 and is expected to reach USD 4.26 billion in 2022 and is estimated to reach USD 6.75 billion by the end of 2030 at a CAGR of approximately 7.1% during the forecast period 2022-2030.
The increasing demand for foot orthotic insoles to obtain maximum comfort and shock-absorbing features has emerged as a significant driving force for this market. As a result, the key market players have used advanced technologies to introduce easy techniques, enabling the manufacturer to produce a perfect size of orthotic insoles for potential consumers. In addition, the increasing demand for better footwear among people resulting from the rapid awareness regarding the effect on health has boosted the demand for orthotic foot insoles.
The outbreak of the hydro pandemic considerably impacted the orthotic foot insole market due to the lack of transportation facilities and lockdowns imposed by the government. In addition, the lack of movement in the market hindered the growth of orthotic foot insoles as people did not purchase footwear during this period.
Growth Factors
The rapid increase in the number of people suffering from joint complaints and pain has boosted the demand for orthotic insoles. Furthermore, the high prevalence of chronic foot disorders is also responsible for growing the market for foot orthotic insoles. In addition, lucrative offers provided by insurance companies in reimbursement facilities drive the market towards foot orthotic insoles.
The high quality of comfort and shock-absorbing features provided by the customized foot orthotic insoles attracts potential consumers to enjoy maximum comfort. It increases the balance of the body and hence reduces the instances of falls. The increasing demand for customized foot orthotic insoles in sports and athletics has encouraged people to opt for such advanced products.
Segmental Insights
Segmentation of foot orthotic insoles market based on the type
Based on type, the segment of customized insoles has experienced a massive demand from the market, which has boosted the size of its market share tremendously. Furthermore, the increasing demand for specially customized orthotic insoles has helped the market record considerable revenue. In addition, increasing importance given to the factor of comfort and feasibility has supported the market to a great extent.
A common practice of prescribing most orthotics with the customized pattern of foot insoles has emerged as a significant bone to the market’s growth. The extensive research and development programs that key market players carry out to innovate the technologies used in the manufacturing process of foot insoles have helped the market record considerable revenue over the period. 3D scanners evaluate the foot’s size and shape, which allows mould of the clay. This technology enables the market to record considerable revenue over some time. In addition, the advanced technologies that the key market players use have made the work relatively easier to produce better products, increasing the demand for customized foot orthotic insoles.
Manufacturers are using automatic devices to carry out these processes that help to make the work of production faster to meet the increasing demand from the market. The forecasted period has decreased sales and direction regarding the prefabricated soles segment due to the declining demand from potential consumers. On the other hand, the vast number of benefits offered to the user by using customized orthotics foot insoles has increased the need for such products over time.
The significant number of people belonging to the senior population has also increased the demand for better foot insoles, providing excellent comfort while moving. Furthermore, the increasing cases in the market suffering from spinal disorders have also boosted the economy for foot insoles. Again, the rising cases of arthritis in society increase the demand for customized orthotics foot insoles in the market. Planter fasciitis is another medical condition that has boosted the need for customized orthotic foot insoles to a great extent.
Segmentation of foot orthotic insoles market based on material
Based on material, the segment of ethyl vinyl acetate has emerged as the largest market due to the increasing demand in society. This material is widely used by manufacturers owing to the growing acceptance among potential consumers.
The total cost of production is reduced to a great extent after utilizing ethyl vinyl acetate as a material for the orthotic insoles. This enables a vast population to purchase these products in the market. Hence it emerged as a widely used material among the people. This material is also readily available, proving it to be society’s most commonly used orthotic insole. The cost of this product is comparatively lower as compared to its competitors. The next largest segment that has been discussed under this category includes thermoplastics. A considerable number of people are seen using this material as orthotic insoles.
The vast acceptance received for the usage of thermoplastics as orthotic insoles have emerged as a significant driving force for this market. The planter pressure that is imposed upon the ground is reduced to a great extent with the use of thermoplastics. The multiple benefits that are offered with the help of this material have made it a primary choice for many manufacturers all over the world. This material is also used on a large scale for athletics and sports activities which has emerged as an encouragement to the market.
The shock-absorbing capacity of thermoplastics is also highly developed, which makes it a primary choice for many potential consumers. The shock-absorbing ability of the orthotic insoles made out of foam is also quite popular, which makes it an excellent choice for many consumers.
Segmentation of foot orthotic insoles market based on Application
Based on Application, the segment of medical emerges as the largest market due to the increasing demand for orthotic insoles among many patients. The vast number of patients suffering from spinal disorders and joint complaints has boosted the market for orthotics insoles. In addition, comfort has been considered the primary need for many consumers worldwide, which has increased the demand for customized orthotic insoles.
Using a proper orthotic insole helps reduce many joint complaints and pain, a major driving force for the market. An improper sole is a primary cause of many joint-related complaints and spinal disorders; hence, the demand for foot orthotic insoles in the healthcare sector has experienced a surge over the period. In addition, the athletics and sports sector have adopted the comfort of orthotic insoles to enhance the players’ performance. Using orthotic insoles provides better balance and shock-absorbing features, making it a primary choice in sports and athletics.
Segmentation of foot orthotic insoles market based on Age
Based on Age, the segment of adults has experienced tremendous growth due to the market’s huge demand for specialized foot insoles. The heavy weight of an adult’s body, forced on the ground, requires a proper material that can absorb all the pressure and provide maximum comfort to the user. As a result, footwear usage is varied and extensive in the feet of an adult compared to children, making this segment a leading factor for this market.
The people belonging to the senior population require better foot support to maintain their balance. Many aged people suffering from spinal disorders and joint complaints have boosted the demand for foot orthotics insoles, especially of the customized variety. Furthermore, the increasing number of congenital foot disorders has increased the demand for orthotic insoles for children or pediatrics. In such cases, care has to be taken from a very young age to avoid severe diseases during adulthood. This factor emerges as a significant reason for the growth of this segment.
Segmentation of foot orthoti insoles market based on Distribution Channel
Based on the distribution channel, the hospital pharmacies segment becomes the most significant market due to the vast number of cases with foot deformities present in the hospitals. The availability of various options in hospital pharmacies helps the need to experience a tremendous demand.
The lucrative offers provided by healthcare facilities in reimbursement by insurance companies support the market’s growth to a great extent. Customized foot insoles are prescribed by medical practitioners in hospitals, which helps to boost the segment of hospital pharmacies to a great time. Lack of awareness regarding the distribution stores in the market where these products are available also promotes the growth of foot orthotic insoles in hospital pharmacies. The next segment that has shown considerable growth is retail stores, which provide the required product per demand.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 3.93 Billion |
| Projected Market Size in 2030 | USD 6.75 Billion |
| CAGR Growth Rate | 7.1% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Superfeet Worldwide Inc., Ottobock, Dr. Scholl’s, Powerstep (Stable Step LLC), A. Algeo Ltd., Hanger Inc., Foot Science International, Create O & P, Bauerfeind AG. Birkenstock digital GmbH, Ottobock SE & Co. KGaA, Groupe Gorgé, DOLA – Digital Orthotics Laboratories Australia., and Others |
| Key Segment | By Type, Material, Application, Age Group, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Insights
Based on geography, the region of North America has emerged as the largest market due to the rapid technological advancements that have taken place in this region with the introduction of 3D printers that are required to customize insoles. In addition, the rapid increase in the number of cases with spinal disorders and people belonging to the senior population has boosted the growth of this region. The European nations emerge as the next segment, which has experienced tremendous growth due to the increasing demand for customized orthotic insoles in the market.
Recent Developments
- In February 2022 – a scanning feature under the name of the DOLA iPhone was introduced into the market by Digital orthotics laboratories based in Australia. The consumer can use this advanced technology to prescribe, scan and place an order for orthotics with the help of an iPhone.
- In November 2021 – the brand owned by Impulse foot care LLC, Spenco, introduced propel and propel plus carbon insoles mainly manufactured to facilitate shoes for running that utilize advanced technology.
Key Player
- Superfeet Worldwide Inc.
- Ottobock
- Scholl’s
- Powerstep (Stable Step LLC)
- Algeo Ltd.
- Hanger Inc.
- Foot Science International
- Create O & P
- Bauerfeind AG. Birkenstock digital GmbH
- Ottobock SE & Co. KGaA
- Groupe Gorgé
- DOLA – Digital Orthotics Laboratories Australia.
Segments covered in the report
By Type
- Customized
- Prefabricated
By Material
- Ethyl vinyl Acetate
- Thermoplastics
- Composite Carbon fiber
- Form
- Others
By Application
- Sports and athletics
- Medical
- Personal
By Age Group
- Pediatrics
- Adults
By Distribution Channel
- Retail stores
- Hospital pharmacies
- Online stores
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Foot Orthotic Insoles Market, (2022 – 2030) (USD Billion)
- 2.2 Global Foot Orthotic Insoles Market : snapshot
- Chapter 3. Global Foot Orthotic Insoles Market – Industry Analysis
- 3.1 Foot Orthotic Insoles Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 The Number Of People Suffering From Joint Complaints And Pain
- 3.2.2 The High Prevalence Of Chronic Foot Disorders
- 3.2.3 Lucrative Offers Provided By Insurance Companies
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Material
- 3.7.3 Market attractiveness analysis By Application
- 3.7.4 Market attractiveness analysis By Age Group
- 3.7.5 Market attractiveness analysis By Distribution Channel
- Chapter 4. Global Foot Orthotic Insoles Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Foot Orthotic Insoles Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Foot Orthotic Insoles Market – Type Analysis
- 5.1 Global Foot Orthotic Insoles Market overview: By Type
- 5.1.1 Global Foot Orthotic Insoles Market share, By Type, 2021 and 2030
- 5.2 Customized
- 5.2.1 Global Foot Orthotic Insoles Market by Customized, 2022 – 2030 (USD Billion)
- 5.3 Prefabricated
- 5.3.1 Global Foot Orthotic Insoles Market by Prefabricated, 2022 – 2030 (USD Billion)
- 5.1 Global Foot Orthotic Insoles Market overview: By Type
- Chapter 6. Global Foot Orthotic Insoles Market – Material Analysis
- 6.1 Global Foot Orthotic Insoles Market overview: By Material
- 6.1.1 Global Foot Orthotic Insoles Market share, By Material, 2021 and 2030
- 6.2 Ethyl vinyl Acetate
- 6.2.1 Global Foot Orthotic Insoles Market by Ethyl vinyl Acetate, 2022 – 2030 (USD Billion)
- 6.3 Thermoplastics
- 6.3.1 Global Foot Orthotic Insoles Market by Thermoplastics, 2022 – 2030 (USD Billion)
- 6.4 Composite Carbon fiber
- 6.4.1 Global Foot Orthotic Insoles Market by Composite Carbon fiber, 2022 – 2030 (USD Billion)
- 6.5 Form
- 6.5.1 Global Foot Orthotic Insoles Market by Form, 2022 – 2030 (USD Billion)
- 6.1 Global Foot Orthotic Insoles Market overview: By Material
- Chapter 7. Global Foot Orthotic Insoles Market – Application Analysis
- 7.1 Global Foot Orthotic Insoles Market overview: By Application
- 7.1.1 Global Foot Orthotic Insoles Market share, By Application, 2021 and 2030
- 7.2 Sports and athletics
- 7.2.1 Global Foot Orthotic Insoles Market by Sports and athletics, 2022 – 2030 (USD Billion)
- 7.3 Medical
- 7.3.1 Global Foot Orthotic Insoles Market by Medical, 2022 – 2030 (USD Billion)
- 7.4 Personal
- 7.4.1 Global Foot Orthotic Insoles Market by Personal, 2022 – 2030 (USD Billion)
- 7.1 Global Foot Orthotic Insoles Market overview: By Application
- Chapter 8. Global Foot Orthotic Insoles Market – Age Group Analysis
- 8.1 Global Foot Orthotic Insoles Market overview: By Age Group
- 8.1.1 Global Foot Orthotic Insoles Market share, By Age Group, 2021 and 2030
- 8.2 Pediatrics
- 8.2.1 Global Foot Orthotic Insoles Market by Pediatrics, 2022 – 2030 (USD Billion)
- 8.3 Adults
- 8.3.1 Global Foot Orthotic Insoles Market by Adults, 2022 – 2030 (USD Billion)
- 8.1 Global Foot Orthotic Insoles Market overview: By Age Group
- Chapter 9. Global Foot Orthotic Insoles Market – Distribution Channel Analysis
- 9.1 Global Foot Orthotic Insoles Market overview: By Distribution Channel
- 9.1.1 Global Foot Orthotic Insoles Market share, By Distribution Channel, 2021 and 2030
- 9.2 Retail stores
- 9.2.1 Global Foot Orthotic Insoles Market by Retail stores, 2022 – 2030 (USD Billion)
- 9.3 Hospital pharmacies
- 9.3.1 Global Foot Orthotic Insoles Market by Hospital pharmacies, 2022 – 2030 (USD Billion)
- 9.4 Online stores
- 9.4.1 Global Foot Orthotic Insoles Market by Online stores, 2022 – 2030 (USD Billion)
- 9.1 Global Foot Orthotic Insoles Market overview: By Distribution Channel
- Chapter 10. Foot Orthotic Insoles Market – Regional Analysis
- 10.1 Global Foot Orthotic Insoles Market Regional Overview
- 10.2 Global Foot Orthotic Insoles Market Share, by Region, 2021 & 2030 (USD Billion)
- 10.3. North America
- 10.3.1 North America Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.3.1.1 North America Foot Orthotic Insoles Market, by Country, 2022 – 2030 (USD Billion)
- 10.3.1 North America Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.4 North America Foot Orthotic Insoles Market, by Type, 2022 – 2030
- 10.4.1 North America Foot Orthotic Insoles Market, by Type, 2022 – 2030 (USD Billion)
- 10.5 North America Foot Orthotic Insoles Market, by Material, 2022 – 2030
- 10.5.1 North America Foot Orthotic Insoles Market, by Material, 2022 – 2030 (USD Billion)
- 10.6 North America Foot Orthotic Insoles Market, by Application, 2022 – 2030
- 10.6.1 North America Foot Orthotic Insoles Market, by Application, 2022 – 2030 (USD Billion)
- 10.7 North America Foot Orthotic Insoles Market, by Age Group, 2022 – 2030
- 10.7.1 North America Foot Orthotic Insoles Market, by Age Group, 2022 – 2030 (USD Billion)
- 10.8 North America Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030
- 10.8.1 North America Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.9.1.1 Europe Foot Orthotic Insoles Market, by Country, 2022 – 2030 (USD Billion)
- 10.9.1 Europe Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.10 Europe Foot Orthotic Insoles Market, by Type, 2022 – 2030
- 10.10.1 Europe Foot Orthotic Insoles Market, by Type, 2022 – 2030 (USD Billion)
- 10.11 Europe Foot Orthotic Insoles Market, by Material, 2022 – 2030
- 10.11.1 Europe Foot Orthotic Insoles Market, by Material, 2022 – 2030 (USD Billion)
- 10.12 Europe Foot Orthotic Insoles Market, by Application, 2022 – 2030
- 10.12.1 Europe Foot Orthotic Insoles Market, by Application, 2022 – 2030 (USD Billion)
- 10.13 Europe Foot Orthotic Insoles Market, by Age Group, 2022 – 2030
- 10.13.1 Europe Foot Orthotic Insoles Market, by Age Group, 2022 – 2030 (USD Billion)
- 10.14 Europe Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030
- 10.14.1 Europe Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.15.1.1 Asia Pacific Foot Orthotic Insoles Market, by Country, 2022 – 2030 (USD Billion)
- 10.15.1 Asia Pacific Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.16 Asia Pacific Foot Orthotic Insoles Market, by Type, 2022 – 2030
- 10.16.1 Asia Pacific Foot Orthotic Insoles Market, by Type, 2022 – 2030 (USD Billion)
- 10.17 Asia Pacific Foot Orthotic Insoles Market, by Material, 2022 – 2030
- 10.17.1 Asia Pacific Foot Orthotic Insoles Market, by Material, 2022 – 2030 (USD Billion)
- 10.18 Asia Pacific Foot Orthotic Insoles Market, by Application, 2022 – 2030
- 10.18.1 Asia Pacific Foot Orthotic Insoles Market, by Application, 2022 – 2030 (USD Billion)
- 10.19 Asia Pacific Foot Orthotic Insoles Market, by Age Group, 2022 – 2030
- 10.19.1 Asia Pacific Foot Orthotic Insoles Market, by Age Group, 2022 – 2030 (USD Billion)
- 10.20 Asia Pacific Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030
- 10.20.1 Asia Pacific Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.21.1.1 Latin America Foot Orthotic Insoles Market, by Country, 2022 – 2030 (USD Billion)
- 10.21.1 Latin America Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.22 Latin America Foot Orthotic Insoles Market, by Type, 2022 – 2030
- 10.22.1 Latin America Foot Orthotic Insoles Market, by Type, 2022 – 2030 (USD Billion)
- 10.23 Latin America Foot Orthotic Insoles Market, by Material, 2022 – 2030
- 10.23.1 Latin America Foot Orthotic Insoles Market, by Material, 2022 – 2030 (USD Billion)
- 10.24 Latin America Foot Orthotic Insoles Market, by Application, 2022 – 2030
- 10.24.1 Latin America Foot Orthotic Insoles Market, by Application, 2022 – 2030 (USD Billion)
- 10.25 Latin America Foot Orthotic Insoles Market, by Age Group, 2022 – 2030
- 10.25.1 Latin America Foot Orthotic Insoles Market, by Age Group, 2022 – 2030 (USD Billion)
- 10.26 Latin America Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030
- 10.26.1 Latin America Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.27.1.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Country, 2022 – 2030 (USD Billion)
- 10.27.1 The Middle-East and Africa Foot Orthotic Insoles Market, 2022 – 2030 (USD Billion)
- 10.28 The Middle-East and Africa Foot Orthotic Insoles Market, by Type, 2022 – 2030
- 10.28.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Type, 2022 – 2030 (USD Billion)
- 10.29 The Middle-East and Africa Foot Orthotic Insoles Market, by Material, 2022 – 2030
- 10.29.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Material, 2022 – 2030 (USD Billion)
- 10.30 The Middle-East and Africa Foot Orthotic Insoles Market, by Application, 2022 – 2030
- 10.30.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Application, 2022 – 2030 (USD Billion)
- 10.31 The Middle-East and Africa Foot Orthotic Insoles Market, by Age Group, 2022 – 2030
- 10.31.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Age Group, 2022 – 2030 (USD Billion)
- 10.32 The Middle-East and Africa Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030
- 10.32.1 The Middle-East and Africa Foot Orthotic Insoles Market, by Distribution Channel, 2022 – 2030 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Superfeet Worldwide Inc.
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Ottobock
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Dr. Scholl’s
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Powerstep (Stable Step LLC)
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 A. Algeo Ltd.
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Hanger Inc.
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Foot Science International
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Create O & P
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Bauerfeind AG. Birkenstock Digital Gmbh
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Ottobock SE & Co. Kgaa
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Groupe Gorgé
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 DOLA – Digital Orthotic Laboratories Australia.
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.1 Superfeet Worldwide Inc.
List Of Figures
Figures No 1 to 34
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
The “North America” region will lead the global Foot Orthotics Insoles market during the forecast period 2022 to 2030.
The rapid increase in the number of people suffering from joint complaints and pain has boosted the demand for orthotic insoles
The key players operating in the Foot Orthotics Insoles market are Superfeet Worldwide Inc., Ottobock, Dr. Scholl’s, Powerstep (Stable Step LLC), A. Algeo Ltd., Hanger Inc., Foot Science International, Create O & P, Bauerfeind AG. Birkenstock digital GmbH, Ottobock SE & Co. KGaA, Groupe Gorgé, DOLA – Digital Orthotics Laboratories Australia.
The global Foot Orthotics Insoles market is expanding growth with a CAGR of approximately 7.1% during the forecast period (2022 to 2030).
The global Foot Orthotics Insoles market size was valued at USD 3.93 Billion in 2021 and it is projected to reach around USD 6.75 Billion by 2030.