Foot Insoles Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Foot Insoles Market Forecast 2024-2028

The foot insoles market size is forecast to increase by USD 1.94 billion, at a CAGR of 7.95% between 2023 and 2028. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario. The growth rate in North America is propelled 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.

Overview of the Market

To learn more about this report, Request Free Sample

Market Dynamics

The market is driven by several factors, including the increasing prevalence of chronic diseases such as diabetes and rheumatoid arthritis, which leads to a higher demand for orthotic solutions like foot insoles. The growing elderly population also contributes significantly to market growth as they often require orthotic support for various foot-related issues. Moreover, advancements in technology, such as 3D foot scanners and digital imaging, are revolutionizing the customization and production of foot insoles, catering to the diverse needs of patients across different age groups. However, challenges such as market competition, technical complexities in customization, and cost considerations pose significant hurdles to market expansion.

Key Market Driver

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 foot 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.

Significant Market Trends

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.

Major Market Challenges

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.

Market Segment

The market encompasses various segments tailored to different needs and conditions. For medical purposes, doctors and healthcare providers recommend foot orthotic insoles for patients with chronic diseases like diabetes and diabetic foot ulcers. These can also address conditions such as plantar fasciitis and rheumatoid arthritis, offering relief and support. In the orthotics industry, there's a focus on technical developments such as 3D foot scanners for customized solutions and innovative materials like composite carbon fiber and thermoplastics. Both sport & athletics and geriatric populations benefit from these advancements, available in retail outlets and retail stores catering to diverse consumer needs.

By Application

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.

Get a glance at the market contribution of various segments View the PDF Sample

The medical insoles segment was the largest segment and was valued at USD 2.08 billion in 2018. Moreover, the 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 the use of 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 feet 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 and 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.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast duration.

For more insights on the market share of various regions Download PDF Sample now!

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.

Who are the Major Market Companies?

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.

• Key Offering- Aetrex Inc: The company offers foot insoles such as women's compete orthotics insoles and men's memory foam orthotics insoles.
• Key Offering- FOOTBALANCE SYSTEM LTD.: The company offers foot insoles such as QuickFit Balance, QuickFit Balance Narrow, QuickFit Control and QuickFit Casual for various fitness and sports activities and everyday use.

The  Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 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.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Application Outlook
  • Medical insoles
  • Sports insoles
• Material Outlook
  • Polypropylene
  • Leather
  • EVA and others
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is evolving with innovative solutions like moulding clay for custom fittings. There's a growing emphasis on eco-friendly materials and recycling thermoplastic materials, reflecting a shift toward sustainability. The market also includes segments like composite carbon fibers for advanced performance and durability, the prefabricated segment for convenience in drug stores, and the hospitals and clinics segment catering to specific medical needs. These diverse offerings cater to various consumer preferences and contribute to the market's dynamic growth trajectory.

Moreover, the market is a dynamic arena influenced by various factors such as doctors' recommendations, especially for patients with chronic diseases like diabetic foot ulcers. These insoles are available through retail outlets and healthcare providers, leveraging technical developments in the orthotics industry. Advancements in clinical research have led to the creation of both prefabricated and custom-made foot orthotics, catering to diverse needs across sports & athletics, pediatrics, and the elderly population. 

Further, the market is witnessing significant growth driven by factors such as the rising demand from sport & athletics enthusiasts seeking enhanced performance and injury prevention. Innovations like molding clay allow for custom-fit insoles tailored to individual needs, particularly beneficial for conditions like bursitis and other chronic disorders affecting foot health. Technological advancements have introduced 3D scanners into the market, enabling precise measurements and personalized solutions. Moreover, there's a growing focus on catering to the geriatric population by developing insoles that address age-related foot issues and provide comfort.

Also, key innovations include 3D foot scanners for precise measurements, molding clay for custom fits, and rehabilitation paper for efficient healing. The market embraces digital imaging and materials like thermoplastics, composite carbon fiber, and ethyl-vinyl acetate (EVA) for optimal performance and comfort. Eco-conscious trends are visible with the recycling of thermoplastic materials, reducing the carbon footprint in the composite carbon fibers segment.

Furthermore, segmentation encompasses prefabricated offerings such as composite carbon fibers segmentt in retail stores, drug stores segment, and drug stores, while custom-made solutions are prevalent in hospitals and clinics. The rise of 3D printing technology has revolutionized the production of 3D-printed orthotics, offering personalized solutions and enhancing patient outcomes. Online retailing channels further widen accessibility, making advanced footwear soles accessible to a broader spectrum of patients seeking quality bracing and support products for various surgeries and medical conditions.

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 7.95%
Market Growth 2024-2028	USD 1.94 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	7.55
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 35%
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 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 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.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough market report analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market research and growth analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch