A Future Market Insights (FMI) analysis projects that the orthopedic insole market would surpass US$ 4.9 Bn by 2021. Although getting a pair of personalised shoes may seem like a luxury or indulgence, medical issues like diabetes, club foot, or amputations frequently need it. Orthopedic insole sales have increased as a result of the rising incidence of numerous disorders that impact the feet and general health. Doctors now understand that changing shoes can solve many physical issues. Flat feet, poor posture, and other issues can all be resolved by correcting the feet. The National Institutes of Health provides a list of various foot conditions for which orthopaedic shoes manufactured to order are recommended.
Custom foot orthotics are constructed with the wearer’s individual medical condition, evaluation of limb length, and measurements of the legs and feet in mind. They are made to the wearer’s prescription specifications. Compared to mass-produced, prefabricated foot orthotics that are readily available from malls or pharmacies, they are therefore more effective and efficient. Custom orthotics support desired, natural movements to relieve stress on the foot. Not all stylistic needs can be addressed when consumers need distinctive footwear for medical reasons. However, a talented shoemaker may collaborate with clients to create a style that is both trendy and practical.
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Sustainability Concerns Impacting Orthopedic Insoles Sales
After decades of rapid fashion and unnecessary production chains, sustainability is the newest hot topic in the footwear industry. The other developing themes are ethical production, eco-friendly materials, and personalization. Sustainability is one of several determining elements for brand value given that brands regularly release new goods, collections, and ideas. The introduction of a number of environmentally friendly designs made from recycled post-production foam has helped to promote sustainable orthopaedic insoles. For instance, OrthoLite pioneered environmentally friendly products made with ground-breaking technology and recycled rubber waste with the introduction of its first insole in 1997. Superfeet’s most recent product line, the Me3D series, incorporates sustainability. Me3D provides totally individualised insoles made from a 3-D scan that are then 3-D printed to precise measurements (reducing waste) as part of their service.
Purchase patterns for orthopaedic insoles are influenced by the product’s material, sustainability rating, and function. Functional orthopaedic insoles are particularly successful at resolving problems and restoring alignment. In order to give both support and comfort, soft materials like Neoprene, different open- and closed-cell foams, or similar cushioning materials may be utilised in conjunction with functional foot orthoses, according to the American Academy of Podiatric Sports Medicine. One of the most prevalent trends seen in the market is the development of products with novel and inventive designs and styles. This shift in consumer purchasing preferences has prompted market participants to promote innovation and broaden their product lines, thereby reaching previously untapped markets and boosting demand over the predicted period.
Key Takeaways from the Orthopedic Insoles Market Study
- In terms of value, orthopedic insoles sales will significantly rise, exhibiting 10.4% CAGR between 2021 and 2031
- Higher prevalence of obesity in the U.S. will enable it account for nearly 85% of sales in North America
- Demand in U.K. is expected to rise considerably, facilitating y-o-y growth at a little above 6% in 2021
- Both Germany and France are expected to offer highly lucrative opportunities for growth
- Increasing focus on health and wellness will drive orthopedic insoles sales in Japan and South Korea
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Impact of COVID-19 & 2020 Market Analysis
During the COVID-19 pandemic outbreak and because of the lockdown, orthopedic companies were unable to operate across the world which in turn impacted Orthopedic insoles demand severely. Moreover, there have been travel restrictions which possibly inflicted an adverse impact on the companies’ results of operations. However, since the resume of market, orthopedic insoles manufacturers started offering their customers various offers on prefabricated Orthopedic insoles to compensate for the already occurred losses. Above all, various strict guidelines have been imposed by the government to be followed by the Orthopedic insoles companies as a mandate in this pandemic situation.
Who is winning?
A few key players operating in the orthopedic insoles market are Reckitt Benckiser Group PLC, Otto Bock SE & Co. KGaA, Bauerfeind aG, Mile High Orthotics Lab, Inc., Stable Step, LLC, Cascade Dafo, Inc., Birkenstock Digital GmbH, Steeper, Inc., A.Algeo Limited, Peacocks Medical Group, Aetrex Worldwide, Inc., Superfeet Worldwide, Inc., Digitsole, and Allied OSI Labs, among others.
The players are aggressively investing in product development with an aim to gain a competitive advantage. Besides this there is considerable focus on recent technologies. For instance, Covestro shared in 2019 that it has been focusing on the development of 3D printed insoles made from thermoplastic polyurethane (TPU). Such developments are expected to bode well for the market.
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Orthopedic insoles Market by Category
Insole Type
- Prefabricated
- Custom
Base Material Type
- Polymer
- Plastic
- Rubber
- Carbon Fiber
- Silicone
Consumer Orientation
- Men
- Women
- Kids
Sales Channel
- Direct
- Indirect
- Hypermarkets/ Supermarkets
- Departmental Stores
- Multi-Brand Stores
- Specialty Stores
- Exclusive/ Franchised Stores
- Online Retailing
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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