Worldwide Industry for Foot Orthotic Insoles to 2027 - Featuring Aetrex Worldwide, Bauerfeind & OttoBock Among Others - ResearchAndMarkets.com

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The "Foot Orthotic Insoles Market Forecast to 2027 Covid-19 Impact and Global Analysis By Product Type; Material; Application; Distribution Channel, and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the global foot orthotic insoles market is expected to reach US$ 5,464.57 million by 2027 from US$ 3,560.00 million in 2019; it is estimated to grow at a CAGR of 5.7% from 2020 to 2027.

The report highlights the trends prevailing in the global foot orthotic insoles market, and the drivers and deterrents pertaining to its growth.

Based on product type, the foot orthotic insoles market is segmented into customized and prefabricated. The customized segment held the largest share of the market in 2019, whereas the same segment is anticipated to register the highest CAGR of 6.0% in the market during the forecast period. The rising healthcare spending worldwide and aging population mostly drives the growing demand for customized foot insoles market. For instance, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015, as per the U.S. Census Bureau.

The foot orthotic insoles market growth is also attributed to the increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector .However, lack of adoption in emerging economies is likely to hamper the growth of the market during the forecast period.

Aetrex Worldwide, Inc, Bauerfeind AG, OttoBock, Superfeet Worldwide Inc., Sidas, Algeos, Amfit Inc, Arden Orthotics, Acor Orthopaedic, Inc. and YELLOW WOOD PARTNERS, LLC are among others are the prominent players operating in the foot orthotic insoles market. The key companies are focused on organic strategies to sustain their position in the market. For instance, in Jul-2019, Yellow Wood Partners and Bayer announced that the company has entered into a definitive agreement to buy the Dr. Scholl's business from Bayer for a purchase price of 585 million U.S. dollars.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the foot orthotic insoles market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global foot orthotic insoles market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

  • Increasing Incidence of Diabetes, Arthritis, and Other Foot Conditions

  • Growing Demand from Sports Sector

Restraints

  • Lack of Adoption in Emerging Economies

Opportunities

  • Increase in Adoption of Digital Platforms

Future Trends

  • 3D Printed Orthotics Insoles

Companies Mentioned

  • Aetrex Worldwide, Inc

  • Bauerfeind AG

  • OttoBock

  • Superfeet Worldwide Inc.

  • Sidas

  • Algeos

  • Amfit Inc

  • Arden Orthotics

  • AcorOrthopaedic, Inc.

  • Yellow Wood Partners, LLC

For more information about this report visit https://www.researchandmarkets.com/r/uhae8n

View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005530/en/

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