Published: 26-Jul-2016 | Published By: Market Research Store
Zion Market Research has published a new report titled “Foot Orthotics Insole Market (Leather, Polypropylene, and Others) by End-user (Sports, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, the global foot orthotic insoles market was valued at approximately USD 2,637.0million in 2015 and is expected to reach approximately USD 3,678.0 million by 2021, growing at a CAGR of around 5.6% between 2016 and 2021.
Foot orthotic insole is a supportive device that is placed inside footwear, to change the mechanical function of the foot. Foot orthotic insole works dynamically during weight-bearing activities like walking, running and standing. Orthotic devices help to improve the functions of the injured body part and to facilitate alignment through supporting the back, joints, muscles, and limb ligaments. The use of orthotic supports ensure healthy foot mechanics and can help to relieve inflammation, as well as to restrict movement to speed up healing when the toes, ankles, and knees have been damaged.
Browse the full "Foot Orthotics Insole Market (Leather, Polypropylene, and Others) by End-user (Sports, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/foot-orthotics-insole-market-z68173
The foot orthotic insoles market is set to grow at a substantial pace over the next few years. Increasing aging population, growing lifestyle coupled with disorders such as diabetes, obesity and other foot injuries has propelled the demand for foot orthotics insole across the globe. Furthermore, increasing demand from sports application sectors is expected to boost the market demand over the years. However, the high cost of insoles may curtail the growth of the foot orthotics insoles market. Nonetheless, technological advancement to provide innovative products is expected to open up new growth avenues in the coming years.
The foot orthotic insoles market is segmented on the basis of different types such as leather, polypropylene or others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.). Polypropylene was leading segment and it accounted for over 42% market share of total revenue generated in 2015. Polypropylene offers properties such as semi-rigidity, flexibility, and durability over other materials. Thus, polypropylene is widely used to manufacture foot orthotics insoles. The leather is another key outlet of the foot orthotics market and it held 19.0% share of the total market in 2015.
Some of the key applications in the foot orthotics insole market include sports, medical and others. The medical segment accounted for over 69% share of total revenue generated in 2015. This growth is mainly due to increased prevalence of diabetes coupled with rising awareness regarding foot complications. Sports segment is another leading segment of foot orthotic insole market and it accounted for over 24% share of the total market in 2015. This growth is mainly attributed to growing demand for orthotic insoles in skating shoes, basketball shoes, and others.
The foot orthotic insole market is currently dominated by North America. North America and Europe have become mature compared to the Asia-Pacific region in terms of demand for foot orthotic insoles. Asia-Pacific is expected to witness high demand for foot orthotic insoles owing to the rise in prevalence of chronic diseases, disposable income as well as increasing awareness about foot orthotic insoles. In addition, these regions have an established customer base owing to the rising awareness towards healthcare and technological advancements. Asia Pacific is a promising market and is expected to open gateways for new manufacturers in the near future.
The foot orthotics insole market is highly fragmented with companies focusing extensively on R&D initiatives in an attempt to capitalize on the available opportunities via developing cost effective and technologically advanced products. Some of the key players include in the foot orthotic insoles market such as Bauerfeind AG, Superfeet Worldwide, Inc, Hanger Orthopedic Group, Inc, Implus, Dr. Scholl’s, Spenco Medical Corporation, Aetrex Worldwide, Inc, Euroleathers, Comfortfit Orthotic Labs Inc, Sidas SAS, Sole, Currex Gmbh and OttoBock Holding GmbH & Co. KG.
This report segments the global foot orthotic insoles market as follows:
Foot Orthotic Insoles Market: Product Segment Analysis
- Others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.)
Foot Orthotic Insoles Market: End-user Segment Analysis
Foot Orthotic Insoles Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
Global Cardiovascular Application Market Research Report - Forecast to 2023
Global Ascites Market Research Report - Forecast to 2023
Global and Regional Rivastigmine Transdermal Patches Market 2017-2023 Production, Sales and Consumption Status and Prospects Professional Market Research Report
Global and Regional Injectable Drug Delivery Formulation Market 2017-2023 Production, Sales and Consumption Status and Prospects Professional Market Research Report
Global and Regional Vial Adapters Market 2017-2023 Production, Sales and Consumption Status and Prospects Professional Market Research ReportView More
Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021
Zion Market Research has published a new report titled Chitosan Market for Water Treatment, Biomed
Development of e-commerce to Reshape Global Mobile Hotspot Router Market
Mobile hotspot is a popular feature on smart phones that provide wireless internet access on many
Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021
Zion Market Research has published a new report titled Carotenoids Market by Type (Astaxanthin, Be
Soaring Demand from Food & Beverages Industry to Act as Prime Driving for Ascorbic Acid Market, Reports Zion Market Research
Ascorbic acid is extensively available in nature, mostly rich in leafy vegetables and fresh fruits
Global Energy Management System (EMS) Market Is Set for a Rapid Growth and is Expected to Reach USD 63,161.5 million by 2021
Zion Market Research has published a new report titled Energy Management System Market (EMS) by So