Foot Orthotic Insoles Market Expected To Observe Major Growth By 2024
Deerfield Beach, FL -- (SBWIRE) -- 02/22/2017 -- Foot Orthotic Insoles Market: Overview
Foot orthotic insoles are used to overcome the abnormalities associated with foot. Injury caused due to unexpected falls and it is very risky in aged population. Some of these falls may be due to weakened sensory capabilities of the foot naturally come with age. To avoid these problems different types of shoe inserts are used. Shoe inserts comes with cushion effect, used in variety foot alignment and provide comfort to the feet. Foot orthotic insoles are mechanical devices placed inside the shoes. It is an advancement in foot function which offer relief to arch, achilles, shin, heel, knee, and lower back pain.
Foot orthotic insoles market is mainly driven by growth in the ageing population across the world. Increasing sporting activities around the world is expected to drive the foot orthotic insoles market over the forecast period. Increasing health awareness is another significant factor expected to provide a boost to the foot orthotic insoles market. However, high cost of foot orthotic insoles is expected to be major restraint of this market.
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The report provides a comprehensive view on the foot orthotic insoles; we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the foot orthotic insoles market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The market size and forecasts in terms of revenue (USD million) for the period 2015 to 2020, considering 2014 as the base year, have been provided for this segment of the report.
The report segments the foot orthotic insoles market on the basis of type, end-user and geography. Leather, EVA form, polypropylene thermoplastic, nylon, and others are major type segments analyzed in this study. On the basis of end user segment, foot orthotic insoles market is segmented into sports, medical and comfort. Diabetes, obesity, rheumatoid arthritis and other is the further classification of medical segment.
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Foot Orthotic Insoles Market: Regional Analysis
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. North America dominated the overall industry in terms of revenue in 2014.
Foot Orthotic Insoles Market: Competitive Players
The key players of the foot orthotic insoles market include Superfeet Worldwide Inc., Bayer Healthcare AG, Hange Prosthetics & Orthotics Inc., Bauerfeind AG, Comfortfit Orthotic Labs Inc., Ottobock Holding GmbH, and Bauerfeind AG.
The report segments the global foot orthotic insoles market into:
Global Foot Orthotic Insoles Market: Type Segment Analysis
Global Foot Orthotic Insoles Market: End-user Segment Analysis
Global Foot Orthotic Insoles Market: Regional Segment Analysis
Middle East & Africa
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