Foot Orthotic Insoles Market, Increase in Demand, Evolving Opportunities and Forecast by 2032 | Superfeet Worldwide Inc., Bauerfeind AG, Hanger Inc., Aetrex Worldwide Inc., Footbalance System Ltd.

Foot Orthotic Insoles Market worldwide was worth $3.5 billion US dollars. AMR Group projects that the market will reach US$ 5.8 billion by 2031, growing at a CAGR of 6.9 percent between 2022 and 2031.
Foot orthotic insoles are a type of medical device that are worn in shoes to relieve foot discomfort and offer comfort. They can be used to improve overpronation, support the arch, and adjust how you stand and walk. They can be used to treat painful foot and postural issues including plantar fasciitis and others. Foot orthotic insoles enhance muscle performance and activity while reducing the possibility of soft tissue injuries brought on by stress, strain, or stretching, which can cause mechanical damage to the athlete's soft tissues. Applications for foot orthotic insoles include sports and athletics, medicine, and personal comfort.

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The market for foot orthotic insoles has expanded as a result of an increase in foot conditions such as clubfoot, bunions, hammertoes, mallet toes, and claw toes. These conditions are what fuel the market's expansion for foot orthotic insoles. For instance, the Orthopaedic Associates 2022 update estimates that 25% of Americans, or 60 million people, have flat feet. According to Cleveland Clinic, flat feet are present in all newborns and normally develop by the age of six. But as adults, roughly 2 out of 10 youngsters still have flat feet.

Another important aspect that is anticipated to fuel the market's expansion is the growing elderly population. As we get older and the amount of calcium in our bones decreases, the muscles and ligaments in our feet weaken as well. Additionally, as the fatty padding under the foot thins out, the bones, especially the heel bone, receive less protection and cushioning. For instance, the WHO predicted that there would be 727 million people globally who were 65 or older in 2020. By 2050, it is anticipated that this number would have more than doubled to almost 1.5 billion.

Prominent Players of Foot Orthotic Insoles Market:
Superfeet Worldwide Inc.
Bauerfeind AG
Hanger Inc.
Aetrex Worldwide Inc.
Footbalance System Ltd.
Ottobock SE & Co. KGaA
Implus Corporation
Dr. Scholl's
Birkenstock Orthopädie GmbH & Co. KG
Comfortfit Orthotic Labs Inc.

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Market Segmentation:
By Types:
Prefabricated insoles
Customized insoles

By Application:
Sports and athletics
Medical
Comfort

Global Foot Orthotic Insoles Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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