Global Foot Insoles Market 2022 Growth, COVID Impact, Trends Analysis Report 2028

The foot insoles market is anticipated to grow at a CAGR of 6.2% during the forecast period (2022-2028). Due to an increase in the percentage of the population requiring orthopedic devices to relieve foot pain and an increase in the senior population with orthotic conditions, the global foot insoles market is rapidly growing during the forecast period. The rise in acceptance of technologically improved goods, as well as the increasing prevalence of osteoarthritis, rheumatoid arthritis, juvenile arthritis, and other illnesses, are driving the global foot insoles market during the forecast period.

The global foot insoles market is segmented based on the material, application, and distribution channel. Based on the material, the market is sub-segmented into thermoplastics, polyethene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (EVAs), gel, and others. Based on the application, the market is sub-segmented into sports & athletics, medical, and personal comfort. Based on the distribution channel, the market is sub-segmented into drug stores, hospitals & speciality clinics, online stores, and others. Among these segments, the sports & athletics segment is expected to propel the growth of the market due to the increasing usage and demand for foot insoles globally. The increasing number of participants in the sports and athletics are accelerating the growth of the market during the forecast period. For instance, according to the Standford Children’s Health, in the U.S., about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year occurs. Almost one-third of all injuries incurred in childhood are sports-related injuries.

The major market players in the global foot insoles market are Bayer AG, Stable Step LLC, Superfeet Worldwide Inc., Ottobock, A. Algeo Ltd., Hanger Inc., and Bauerfeind AG. Birkenstock digital GmbH, Ottobock SE & Co. KGaA, Foot Science International, Create O & P, Groupe Gorgé, Digital Orthotics Laboratories, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, as part of their new performance series, Spenco, an innovative healthcare firm whose purpose is to help individuals improve their foot health and overall athletic performance, released two new insoles. With the newest breakthroughs in running technology, the PropelTM and PropelTM + Carbon are designed to supercharge individual favorite running shoe. Beginning November 3, 2021, both insoles will be available at Spenco.com and stores nationwide, allowing runners to update to the latest insoles.

Competitive Landscape-

Bayer AG, Stable Step LLC, Superfeet Worldwide Inc., Ottobock, A. Algeo Ltd., Hanger Inc., and Bauerfeind AG. Birkenstock digital GmbH, Ottobock SE & Co. KGaA, Foot Science International, Create O & P, Groupe Gorgé, Digital Orthotics Laboratories, among others.

By Material

Thermoplastics

Polyethylene Foams

Leather

Cork

Composite Carbon Fibers

Ethyl-Vinyl Acetates (EVAs)

Gel

Others

By Application

Sports & Athletics

Medical

Personal Comfort

By Distribution Channel

Drug Stores

Hospitals & Speciality Clinics

Online Stores

Others

Scope of the Report
The research study analyzes the Global Foot Insoles industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Foot Insoles Market Report
1. What was the Global Foot Insoles Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Foot Insoles Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Foot Insoles Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Foot Insoles market.
• The market share of the Global Foot Insoles market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Foot Insoles market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Foot Insoles market.