Foot Orthotics Insole Market Worth US$ 50 Billion by 2020

New York, February 02: Market Research Engine has published a new report titled as “Foot Orthotics Insole Market By Type of Material (Nylon, Leather, EVA form, Polypropylene thermoplastic); By End users (Sports, Medical and Comfort) and By Regional Analysis – Global Forecast by 2016 – 2022”.

How Big is the Global Foot Orthotics Insole Market?

The Global Foot Orthotics Insole Market is expected to exceed more than US$ 50 Billion by 2020.

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In today’s world life is uncertain and values of life are changing according to the flow of technology and eating habits. Sudden falls are the primary cause of the injury among the old aged people. With increase in age people may develop weakened sensory capabilities of the foot, because of which sudden falls are occurred. Persons with diabetes experience such weakness in sensory function and which may further develop foot ulcers and other problems in foot. Shoe inserts can be useful in foot alignment, they provide comfort and support for the arches, but they are inefficient to correct biomechanical foot problems or cure long term foot problems. There are various types of shoe inserts, which are available in the market such as arch supports insoles, heel liners also known as heel cups or heel pads, and foot cushions.

Foot orthotic insole is a supportive device that is placed inside footwear, to modify the mechanical function of the foot. Foot orthotic insole works effectively during weight-bearing activities like running, standing and walking. Foot orthotic devices help to increase the functions of the injured body part and to restore alignment through supporting the back, joints, muscles, ankles and limb ligaments. These devices are used to restore the alignment of anklebones and foot and bring the position to neutral. The use of orthotic helps to ensure healthy foot mechanism and can help to relieve inflammation. It also helps to relief from strained soft tissues, bruises, deformed bones and joints.

The major driving factors of Global Foot Orthotics Insole Market are as follows:

• Ageing population, change in the lifestyle and standard of living.
• Knowledge of the foot care in diseases like diabetes and obesity.
• With increase in population the adoption rate among end users is also growing effectively in all geographical areas.
• With the rise in healthcare spending and enhancements of the technologies.

The restraining factors of Global Foot Orthotics Insole Market are as follows:

• Foot Orthotic Insoles are priced at a higher rate.
• Lack of awareness of different products available in the market.

The Global Foot Orthotics Insole Market is segmented on the lines of its product, service, type and regional. Based on product segmentation it covers the type of material that is used are Nylon, EVA form, Leather, polypropylene and others. It’s also segmented on the end users such as sports, medical and comfort. Further in medical it is segmented on various diseases like diabetes, obesity, rheumatoid arthritis and others.

The Global Foot Orthotics Insole Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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This report provides:

1) An overview of the global market for Global Foot Orthotics Insole Market and related technologies.

2) Analysis of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for Global Foot Orthotics Insole Market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets on Global Foot Orthotics Insole Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Superfeet Worldwide Inc., Bayer Healthcare AG, Hange Prosthetics & Orthotics Inc., Bauerfeind AG, Comfortfit Orthotic Labs Inc., Ottobock Holding GmbH, and Bauerfeind AG. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Global Foot Orthotics Insole Market has been segmented as below:

By Type of Material

• Nylon
• Leather
• EVA form
• Polypropylene thermoplastic
• Others

By End users

• Sports
• Medical
Diabetes
Rheumatoid arthritis
Obesity
Others
• Comfort

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

About MarketResearchEngine

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

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