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Foot Orthotic Insoles Market 2023 - Demand, Evolving Opportunities, Market Share, Size, Industry Growth & Forecast To 2032
Foot Orthotic Insoles Market Analysis
Foot Orthotic Insoles Market Size, Growth Rate, And Forecast
The global foot orthotic insoles market size is expected to grow from $3.29 billion in 2022 to $3.55 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global foot orthotic insole market size is expected to reach $4.72 billion in 2027 at a CAGR of 7.4%.
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Foot Orthotic Insoles Market Drivers
The rising prevalence of diabetes is expected to propel the growth of the foot orthotic insoles market going forward. Diabetes is a long-term metabolic condition marked by high blood glucose (also known as blood sugar), which over time can seriously harm the heart, blood vessels, eyes, kidneys, and nerves. Foot orthotic insoles are required to treat diabetic feet that have already experienced charcot arthropathy and foot ulcers. Hence, the rise in the prevalence of diabetes will lead to an increase in demand for foot orthotic insoles.
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Foot Orthotic Insoles Market Segments
1) By Type: Prefabricated, Customized
2) By Material: Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethylene-vinyl Acetate, Gel, Other Materials
3) By Application: Medical, Sports And Athletics, Personal
4) By Distribution Channel: Drug Stores, Hospitals And Specialty Clinics, Online Stores, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the foot orthotic insoles market.
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Foot Orthotic Insoles Market Key Players
Major competitors in the foot orthotic insoles market include Hanger Inc., Implus LLC, Footbalance Systems Ltd., Thuasne SAS, Foot Science International, Aetrex Inc., Tynorindia, Digital Orthotics Laboratories Australia Pty Ltd.
The Business Research Company's "Global Foot Orthotic Insoles Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Foot Orthotic Insoles Market Include:
1. Executive Summary
2. Foot Orthotic Insoles Market Characteristics
3. Foot Orthotic Insoles Market Trends And Strategies
4. Foot Orthotic Insoles Market - Macro Economic Scenario
5. Foot Orthotic Insoles Market Size And Growth
....
26. Africa Foot Orthotic Insoles Market
27. Foot Orthotic Insoles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foot Orthotic Insoles Market
29. Foot Orthotic Insoles Market Future Outlook and Potential Analysis
30. Appendix
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