Global Foot Orthotics Insole Market – Industry Perspective, Comprehensive Analysis, Size, Share, Growth and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 01/05/2017 -- Global Foot Orthotics Insole (Leather, Polypropylene and Others) Market by End-user (Sports, Medical and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021.The global foot orthotic insoles market is expected to reach approximately USD 3,678.0 million by 2021.
The report covers forecast and analysis for the foot orthotic insoles market on a global and regional level.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period.The global foot orthotic insoles market was valued at approximately USD 2,637.0million in 2015 and is expected to reach approximately USD 3,678.0 million by 2021, growing at a CAGR of around 5.6% between 2016 and 2021. Additionally, the report includes study of opportunities available in the foot orthotic insoles market on a global level.
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In order to give the users of this report a comprehensive view on the foot orthotic insoles market, 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 foot orthotic insoles market is set to grow at a substantial pace over the next few years. Increasing aging population, growing lifestyle coupled with disorders such as diabetes, obesity and other foot injuries has propelled the demand for foot orthotics insole across the globe. Furthermore, increasing demand from sports application sectors are expected to boost the market demand over the years. However, high cost of insoles may curtail the growth of the foot orthotics insoles market. Nonetheless, technological advancement to provide innovative products is expected to open up new growth avenues in the coming years.
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The foot orthotic insoles market is segmented on the basis of different types such as leather, polypropylene or others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.). Polypropylene was leading segment and it accounted for over 42% market share of total revenue generated in 2015. Polypropylene offers properties such as semi-rigidity, flexibility and durability over other materials. Thus, polypropylene is widely used to manufacture foot orthotics insoles. Leather is another key outlet of the foot orthotics market and it held 19.0% share of total market in 2015.
Some of the key applications in the foot orthotics insole market include sports, medical and others. Medical segment accounted for over 69% share of total revenue generated in 2015. This growth is mainly due to increasing prevalence of diabetes coupled with rising awareness regarding foot complications. Sports segment is another leading segment of foot orthotic insole market and it accounted for over 24% share of total market in 2015. This growth is mainly attributed to growing demand for orthotic insoles in skating shoes, basketball shoes, and others.
The foot orthotic insole market is currently dominated by North America. North America and Europe have become mature compared to the Asia Pacific region in terms of demand for foot orthotic insoles. Asia Pacific is expected to witness high demand for foot orthotic insoles owing to the rise in prevalence of chronic diseases, disposable income as well as increasing awareness about foot orthotic insoles. In addition, these regions have an established customer base owing to the rising awareness towards healthcare and technological advancements. Asia Pacific is a promising market and is expected to open gateways for new manufacturers in the near future.
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The study provides a decisive view on the foot orthotic insoles market by segmenting the market based on product, end user and region. Some of the key products include in this market such as leather, polypropylene thermoplastic and others. Different end users in this market are sports medical and others. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. The key players of foot orthotic insoles market include Bauerfeind AG, Superfeet Worldwide Inc, Hanger Orthopedic Group, Inc,Implus, Dr. Scholl's, Spenco Medical Corporation, Aetrex Worldwide, Inc, Euroleathers, Comfortfit Orthotic Labs Inc, Sidas SAS, Sole, Currex Gmbh and OttoBock Holding GmbH & Co. KG.
This report segments the global foot orthotic insoles market as follows:
Foot Orthotic Insoles Market: Product Segment Analysis
Others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.)
Foot Orthotic Insoles Market: End user Segment Analysis
Foot Orthotic Insoles Market: Regional Segment Analysis
Middle East and Africa
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