Research Nester’s recent market research analysis on “Foot Orthotic Insoles Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global Foot Orthotic Insoles market in terms of market segmentation by material, type, age group, distribution channel, application, and by region.

Rising Prevalence of Chronic Foot Conditions to Drive Growth of Global Foot Orthotic Insoles Market

The market is expanding as a result of the increased frequency of chronic foot disorders and helpful reimbursement policies. More than 30.0% of the general population is said to experience foot pain. This soreness can be brought on by a number of medical disorders, including arthritis, plantar fasciitis, bursitis, and diabetic foot ulcers. According to the National Center for Biotechnology Information, the number of diabetic foot ulcers worldwide in 2021 will range between 9.1 and 26.1 million. Furthermore, 20 to 25 percent of diabetics are predicted to experience foot ulceration. The prevalence and incidence of diabetic foot ulcers are quickly rising worldwide due to the pandemic levels of diabetes. The aforementioned traits so serve as significant global market growth catalysts. In addition, the suitably designed orthotic insoles are proven to reduce forefoot plantar pressures in patients at risk of plantar ulceration, thereby, the rise in the prevalence of diabetes boosts the growth of the foot orthotic insoles market.

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Some of the major growth factors and challenges that are associated with the growth of the global Foot Orthotic Insoles market are:

Growth Drivers:
• Technological Advancements such as 3D printed foot orthotics
• Increasing Geriatric Population

Challenges:
The industry’s growth is challenged by the less awareness about the product and treatment for foot pains, mostly in developing nations. In these nations, most of the people with supination and pronation of the foot arch have limited accessibility and are not aware of the treatment in the market. Furthermore, clinical providers in lower-middle-income countries do not have enough product options to meet the customer’s needs. In addition, prices of these foot orthotic insoles also tend to be at higher levels, further restraining the growth.
By distribution channel, the global foot orthotic insoles market is segmented into online and offline. The online segment is to garner the highest CAGR over the forecast period. This can be attributed to the increase in online vendors in several countries. In addition, players in the orthopedic insoles market have adopted a strategy of product innovation to meet the changing needs of customers across the globe, which also enables brand retention in the global market.

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By region, the Asia Pacific foot orthotic insoles market, is projected to grow at a tremendous growth rate of CAGR of 7.58% and accumulate a revenue of USD 1.7 billion by the end of 2035. This can be attributed to the growing geriatric population in the south-Asian region, as orthopedic diseases are more common amongst the elderly. In the region, the elderly population (aged over 60) is anticipated to triple between 2010 and 2050
This report also provides the existing competitive scenario of some of the key players of the global foot orthotic insoles market which includes company profiling of Foot Science International, Aetrex Inc., Superfeet Worldwide, Ltd., Algeos Ltd., Digital Orthotics Laboratories Australia Pty Ltd, DARCO Medical India Pvt. Ltd., Foot Levelers, Inc., Bauerfeind, Footlogics USA, PROFOOT INC., SIDAS and others.

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