The orthopaedic insole market is estimated to cross US$ 4.9 billion by 2021, according to a survey by Future Market Insights (FMI). Custom shoes may appear to be an indulgence or a luxury, but medical issues such as diabetes, club foot, or amputations may necessitate them. Orthopedic insoles sales have been boosted by the increased prevalence of numerous foot and general health issues. Doctors have discovered that changing shoes can help with a variety of physical issues. The feet can help with back pain, bad posture, and flat feet, among other things. Several foot problems can be treated using custom-made orthopaedic shoes, according to the National Institutes of Health.
Custom foot orthotics are produced to the wearer’s prescription specifications, taking into account the wearer’s medical condition, limb length evaluation, and leg and foot measurements. This makes them more effective and efficient than mass-produced prefabricated foot orthotics that can be found in malls and drugstores. Custom orthotics promote natural, preferred motion in the feet, reducing foot strain. Not all stylistic needs can be accomplished when consumers require customised footwear for medical reasons. A experienced shoe artisan, on the other hand, can collaborate with consumers to create a fashionable and useful style.
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Sustainability Concerns Impacting Orthopedic Insoles Sales
Sustainability is the new hot topic in the footwear industry, after decades of fast fashion and superfluous production chains. Along with customization, eco-friendly materials and ethical production are the other emerging trends. With brands constantly launching new products, collections & designs, sustainability is one among many deciding factors for brand value. Sustainable orthopedic insoles have been promoted by the release of several eco-friendly designs produced from recycled post-production foam. For instance, with its first insole back in 1997, OrthoLite introduced eco-friendly products engineered with game-changing technology that repurposed rubber waste. At Superfeet, sustainability has been incorporated into its latest product offering, the Me3D series. Me3D offers fully customized insoles produced from a 3-D scan that is then 3-D-printed to exact measurement (minimizing waste) as part of a collaboration with HP Fitstation.
Orthopedic insoles purchase pattern is dependent on the material, sustainability quotient and purpose. Functional orthopedic insoles are very effective in alleviating symptoms and establishing proper alignment. According to the American Academy of Podiatric Sports Medicine, soft materials such as Neoprene, various open- and closed-cell foams or similar cushioning materials may be used in conjunction with functional foot orthoses to provide both support and comfort. Developing products with innovative and new designs and styles is one of the most common trends observed in the industry. This change in consumer buying preference has encouraged the players in the market to stimulate innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period.
In terms of insole type, prefabricated orthopedic insoles dominate the market. Prefabricated insoles are preferred for use by patients with diabetes and neuropathy. The forecast trend, however, reflects a promising growth scenario for custom orthopedic insoles.
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
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 Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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