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The foot insoles market size is forecast to increase by USD 3.23 billion, at a CAGR of 10.03 % between 2023 and 2028.
The market growth rate in North America is driven by the benefits of a wide range of products, heightened consumer awareness, and the presence of global brands offering innovative solutions. Moreover, with a substantial obese population in the US, there's a notable shift towards embracing a healthy lifestyle. A. Algeo Ltd contributes to this market with foot insoles like Fascia Fix Orthotic Insoles, Interpod Modular Foot Orthotic Insoles, Slimflex Comfort Plantar Fasciitis Orthotic Insoles, Slimflex Berry Wide Fit Orthotic Insoles, and more, catering to the growing markets and meeting consumer convenience demands.
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The medical insoles segment is estimated to witness significant growth during the forecast period. Medical insoles segment helps to prevent overpressure and friction on the feet by equally distributing the body weight. In addition, these footwear soles are designed to provide comfort and relief to the user. Furthermore, they help maintain body balance and prevent the occurrence of foot injuries.
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The medical insoles segment was the largest and was valued at USD 2.89 billion in 2018. Moreover, this segment market has been driven by the rising incidence of diabetes and obesity. In addition, people with diabetes must be careful with their feet, as reduced circulation and other diabetes-related conditions could affect overall foot health. Furthermore, diabetes affects the circulation and immune system, which weakens the body's capacity to heal itself. In addition, diabetes can harm the sensory nerves, especially in the hands and feet, which is termed neuropathy. Furthermore, the growth of the obese population and the growing awareness about health and fitness have led to using footwear soles among end-users. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The performance enhancement offered by the sports insoles segment will increase the market growth. Footwear insoles are widely used during sports activities for performance enhancement and the prevention of foot injuries. In addition, these offer comfort and control by providing proper cushioning and support to the foot. Moreover, the use of sports footwear soles helps in the re-alignment of the feet. It reduces excess pronation (the rolling inward of the feet and the collapse of arches), thus improving balance, stability, and control. Therefore, it helps avoid sports injuries such as plantar fasciitis, Achilles tendonitis, and shin splints. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
North America is estimated to contribute 37% to the growth of the global market during the forecast duration.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast years. The market in North America is fuelled by the US, Canada, and Mexico with the dominant market position of the US being the consolidated nature of the market, as it is home to some of the prominent companies. In addition, the presence of a large number of market players such as Implus, New Balance, Powerstep, SOLO Laboratories, SOLS Systems, Spenco Medical, and Superfeet and increased awareness of the product in the region contribute to the growth of the market.
Moreover, consumers are using athletic footwear and insoles for other purposes, even while taking normal walks and not only while playing sports. In addition, footwear soles support the athlete's feet in an ideal position at every stage of running, walking, and pivoting. Furthermore, footwear soles help hold the athlete's feet in an ideal position at every stage of running, walking, and pivoting. Hence, such factors are driving the market in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about15 market companies, including: Bauerfeind, DJO Global Inc., Foot Science International, Footlogics., Hanger Inc., Implus Footcare LLC, ING Corp. spol. Sro, Podfo, PowerStep, RSscan Lab Ltd., Sidas SAS, Solescience Inc., SOLO Laboratories Inc., Steeper Inc., SUPERFEET WORLDWIDE LLC., The Foot Lab, and TYNOR ORTHOTICS
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market offers a diverse range of products designed to address various foot concerns and provide comfort. From arch support inserts to gel insoles and memory foam insoles, consumers have access to a wide array of options. Cushioned insoles and supportive insoles cater to individuals seeking enhanced comfort and stability, while therapeutic insoles and shock-absorbing insoles target foot pain relief. For athletes, athletic insoles offer specialized support, including pronation control insoles and supination control insoles. Conditions like high arches are addressed with high arch insoles, while metatarsal pads and ball of foot cushions provide targeted relief. Custom orthotics and orthopedic insoles offer personalized solutions. With options available for various types of footwear, including boots, dress shoes, and sandals, the market caters to diverse consumer needs. Foot support products and foot care accessories contribute to overall foot health and comfort, making the market a vital component of the healthcare and wellness industry.
Growing enthusiasm for sports and fitness activities is notably driving the market. The global market is experiencing significant growth, mainly fuelled by the rising enthusiasm for sports and fitness activities across the globe. In addition, as more individuals engage in various athletic endeavors, there is a heightened awareness of the importance of proper foot support and comfort during physical exertion.
Moreover, this surge in participation has catalyzed a corresponding increase in demand for specialized shoe insoles tailored to meet the unique needs of athletes and fitness enthusiasts. In addition, athletes, from professional competitors to recreational enthusiasts, are increasingly turning to advanced footwear soles to optimize their performance and minimize the risk of injury. Furthermore, these insoles are engineered to provide targeted support, cushion, and stability, catering to the specific biomechanical demands of different sports and activities. Hence, such factors are driving the market during the forecast period.
Rising awareness about the importance of foot health and the benefits of orthotic insoles is an emerging trend in the market. As consumers become increasingly aware of the impact of foot-related issues on overall well-being and mobility, they are actively looking for solutions to alleviate discomfort and prevent future complications. In addition, orthotic insoles offer an effective and non-invasive means of addressing various foot conditions, including plantar fasciitis, flat feet, and overpronation, by providing support, cushioning, and proper alignment.
Moreover, this heightened awareness is not only driving the demand among individuals experiencing foot pain but also among athletes and individuals seeking to enhance their performance and prevent injuries. In addition, healthcare professionals are also advocating for the use of orthotic insoles as part of comprehensive treatment plans for foot-related disorders. Furthermore, with growing evidence supporting the efficacy of orthotic insoles in improving gait, reducing pain, and preventing foot deformities, consumers are increasingly turning to these products as a proactive measure to maintain foot health and overall quality of life. Hence, such factors are driving the market during the forecast period.
The diverse nature of foot-related conditions is a major challenge hindering the market. Foot ailments differ widely among individuals, ranging from common issues including plantar fasciitis and flat feet to more complex conditions, such as diabetic neuropathy and rheumatoid arthritis. In addition, this diversity poses a challenge for manufacturers to develop footwear soles that effectively address the specific needs of each condition.
Moreover, while some off-the-shelf insoles may offer general support and comfort, they often fall short of providing targeted relief for individuals with more specialized foot problems. In addition, consumers may be dissatisfied with the performance of mass-produced soles and seek alternative solutions. Hence, such factors are negatively impacting the market which in turn will hinder the market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is a dynamic sector offering a wide range of solutions to address various foot issues and enhance comfort. From comfort insoles to running insoles and walking insoles, consumers have access to products tailored to their specific activities. Conditions like Plantar fasciitis insoles and heel pain relief insoles are targeted with specialized insoles, while individuals with flat feet insoles benefit from dedicated support. Toe separators, toe spacers, and bunion correctors offer relief and alignment for toe-related issues. Pronation problems are addressed with overpronation insoles and underpronation insoles, ensuring proper gait. With options available for a wide range of footwear, including Insoles for boots, Insoles for dress shoes, Insoles for shoes, Insoles for sandals, Insoles for sneakers, Insoles for heels, Insoles for flats, Insoles for work shoes, and Insoles for casual shoes, the market caters to diverse preferences and needs. Foot pain relief inserts, shoe inserts and footbeds further contribute to overall foot health and comfort, making the market an essential component of the wellness industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
Market Growth 2024-2028 |
USD 3.23 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.88 % |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A. Algeo Ltd., Aetrex Inc., Bauerfeind, DJO Global Inc., Foot Science International, FOOTBALANCE SYSTEM LTD., Footlogics., Hanger Inc., Implus Footcare LLC, ING Corp. spol. Sro, Podfo, PowerStep, RSscan Lab Ltd., Sidas SAS, Solescience Inc., SOLO Laboratories Inc., Steeper Inc., SUPERFEET WORLDWIDE LLC., The Foot Lab, and TYNOR ORTHOTICS |
Market dynamics |
Parent market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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