Foot Orthotic Insoles Projection By Latest Technology, Global Analysis, Industry Growth, Current Trends And Forecast Till 2028

0
0

Market Overview

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 orthotic foot 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 Fiber, 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.

Request for Free Sample Report PDF @ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/foot-orthotic-insoles-market-100348

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.

 

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.

DRIVING FACTORS

Increasing Incidence of Diabetes Globally to Accelerate Growth

According to the National Center for Biotechnology Information, the prevalence of diabetic foot ulcers is between 9.1 to 26.1 million every year globally. Furthermore, around 20% to 25% of the population with diabetes mellitus are likely to develop diabetic foot ulcers in a lifetime. Therefore, the growing incidence of diabetes is expected to propel the demand for advanced foot orthotic insoles.

According to the report by Diabetes Care, about 25% of the U.S. population above the age group of 65 suffer from diabetes. Additionally, according to the Census Bureau, by 2034 around 77.0 million people will be aged 65 years and older in the U.S. The rising number of geriatrics is expected to contribute to the global foot orthotic insoles market growth in the forthcoming years.

SEGMENTATION

Medical Segment to Hold Dominant Market Share

The medical segment, based on application, is expected to gain momentum backed by the growing number of clinical evidence proving the efficacy of foot orthotic insoles in reducing pain among the patients globally.

COMPETITIVE LANDSCAPE

Major Companies Focus on Acquisition Strategy to Expand Their Product Portfolio & Boost Sales Revenue

The global foot orthotic insoles market is consolidated by the presence of major companies that are adopting aggressive growth strategies to maintain their dominance. These companies are acquiring other small companies to further expand their orthotic insoles portfolio and gain an edge over their rivals in the fiercely competitive market.

Industry Development:

  • September 2020 – Foot Solutions announced the acquisition of NOENE, a leading distributor of shock absorbing material that are used to manufacture foot orthotic insoles. The acquisition is expected to strengthen its position in the U.S.

Ask for Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/foot-orthotic-insoles-market-100348 

List of the Companies Operating in the Global Market:

  • 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

 

Table Of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. 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
  5. 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 Fiber
      • 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
  1. 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 Fiber
      • 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 Country
      • S.
      • Canada
  1. Europe 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 Fiber
      • 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 Countries/ Sub-region
      • K.
      • Germany
      • France
      • Spain
      • Italy
      • Rest of Europe
  1. Asia Pacific 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 Fiber
      • 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 Countries/ Sub-region
      • Japan
      • China
      • India
      • Australia
      • Rest of Asia Pacific
  1. Rest of World 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 Fiber
      • 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
  1. Competitive Analysis
    • Key Industry Developments
    • Global Tier Analysis (2019)
    • Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      • Implus LLC
      • Aetrex Worldwide Inc.
      • Hanger Inc.
      • Thusane
      • Digital Orthotics Laboratories Australia Pty Ltd.
      • Footbalance Systems Ltd.
      • Tynor Orthotics Pvt. Ltd.
      • Foot Science International
      • Other Prominent Players
  1. Strategic Recommendations

Continued. . .

Related Article @

https://marketresearchreportsfbi.wordpress.com/2021/11/08/autotransfusion-devices-market-by-technology-share-size-segmentation-revenue-analysis-forecast-2028/ 

https://www.theexpresswire.com/pressrelease/Dermatology-Drugs-Market-to-Reach-USD-6399-Billion-With-The-CAGR-129-During-the-Forecast-Period-2021-2028-Top-Companies-Share-Size-Growth_14683151

  https://finance.yahoo.com/news/otc-drugs-market-size-2022-100500847.html 
https://www.marketwatch.com/press-release/otc-drugs-market-size-2022-2028-is-projected-to-reach-usd-2336-billion-with-58-cagr-2022-01-10 
https://www.benzinga.com/pressreleases/22/01/g24964483/otc-drugs-market-size-2022-2028-is-projected-to-reach-usd-233-6-billion-with-5-8-cagr 
https://www.globenewswire.com/news-release/2022/01/10/2363653/0/en/OTC-Drugs-Market-Size-2022-2028-is-Projected-to-Reach-USD-233-6-Billion-with-5-8-CAGR.html 
https://www.einpresswire.com/article/560231375/otc-drugs-market-size-2022-2028-is-projected-to-reach-usd-233-6-billion-with-5-8-cagr 
https://companies.einnews.com/pr_news/560231375/otc-drugs-market-size-2022-2028-is-projected-to-reach-usd-233-6-billion-with-5-8-cagr 

NOTE: Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.