The latest update of “Global Medical Foot Insoles Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Medical Foot Insoles Market.
Overview of the Medical Foot Insoles Market:
Medical foot insoles, also known as foot orthotic insoles, are prescription medical devices that can be worn inside shoes to correct biomechanical foot issues such as problems with walking, standing, or running. They can also help with foot pain caused by medical conditions such as arthritis, bursitis, plantar fasciitis, and diabetes. There are two major kinds of insoles: custom foot orthotics and over-the-counter insoles. People who have chronic foot or leg problems that interfere with the health and functioning of their feet may be prescribed medical foot insoles, or foot orthotic insoles, by their podiatrist. The increasing prevalence of chronic pain due to various health problems is increasing the demand for medical foot insoles.
Market Drivers:
Increasing prevalence of chronic pain and increasing prevalence of diabetes around the world is expected to boost growth of the global medical foot insoles market during the forecast period. Diabetes is one of the most common causes of foot pain in adults. For instance, according to the International Diabetes Federation (IDF), around 463 million adults (aged 20 to 79 years) have diabetes in 2019, and this number is expected to reach around 700 million by 2045. Hence, such factors are expected to drive growth of the global medical foot insoles market.
Moreover, technological advancements due to high investments in research and development, rising geriatric population, and increasing awareness among people about the benefits of foot insoles are some major factors expected to propel the global medical foot insoles market growth over the forecast period.
Market Restraints:
The availability of substitute therapies, such as acupuncture and other stimulation devices to treat chronic foot-related ailments, is expected to hamper the growth of the global medical foot insoles market over the forecast period.
Regional Insights:
Among regions, North America and Asia Pacific are expected to witness robust growth in the global medical foot insoles market, owing to the increasing cases of diabetes, growing geriatric population, and introduction of novel products in these regions. For instance, according to the American Diabetes Association, in 2018, around 34.2 million, or 10.5% of the U.S. population, had diabetes. The percentage of Americans age 65 and older remains high, at 26.8%, or 14.3 million seniors (diagnosed and undiagnosed).
Competitive Section:
Major companies involved in the global medical foot insoles market are Bauerfeind AG, A. Algeo Ltd., Tynor Orthotics Pvt. Ltd., The Foot Lab, Superfeet Worldwide Inc., Stable Step LLC, SOLO Laboratories Inc., Solescience Inc., Implus Footcare, and Footlogics Australia Pty Ltd., among others.
For instance, in November 2021, Spenco announced the launch of the two new insoles as part of their new performance series to help people improve their foot health and enhance their overall athletic performance.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Medical Foot Insoles Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Medical Foot Insoles Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- A. Algeo Ltd.
- Bauerfeind AG
- Footlogics Australia Pty Ltd.
- Implus Footcare LLC
- Solescience Inc.
- SOLO Laboratories Inc.
- Stable Step LLC
- Superfeet Worldwide Inc.
- The Foot Lab
- Tynor Orthotics Pvt. Ltd.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Medical Foot Insoles Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Polypropylene Insoles
- Leather Insoles
- And Others
By Applications, the market is segmented into:
- Drug Discovery And Designing
- Clinical Diagnostics
- And Research
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Medical Foot Insoles Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Medical Foot Insoles Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Medical Foot Insoles Market
1.6.1 How the Covid-19 is Affecting the Medical Foot Insoles Market
1.6.1.1 Medical Foot Insoles Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Medical Foot Insoles Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Medical Foot Insoles Market Perspective (2015-2028)
2.2 Medical Foot Insoles Market Growth Trends by Regions
2.2.1 Medical Foot Insoles Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Medical Foot Insoles Market Historic Market Share by Regions (2015-2021)
2.2.3 Medical Foot Insoles Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Medical Foot Insoles Market Growth Strategy
2.3.6 Primary Interviews with Key Medical Foot Insoles Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Medical Foot Insoles Market Players by Market Size
3.1.1 Global Top Medical Foot Insoles Market Players by Revenue (2015-2021)
3.1.2 Global Medical Foot Insoles Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Medical Foot Insoles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Medical Foot Insoles Market Concentration Ratio
3.2.1 Global Medical Foot Insoles Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Medical Foot Insoles Market Revenue in 2019
3.3 Medical Foot Insoles Market Key Players Head office and Area Served
3.4 Key Players Medical Foot Insoles Market Product Solution and Service
3.5 Date of entering into Medical Foot Insoles Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Medical Foot Insoles Market Historic Market Size by Type (2015-2021)
4.2 Global Medical Foot Insoles Market Forecasted Market Size by Type (2021-2028)
5 Medical Foot Insoles Market Breakdown Data by Application (2015-2028)
5.1 Global Medical Foot Insoles Market Size by Application (2015-2021)
5.2 Global Medical Foot Insoles Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Medical Foot Insoles Market Size (2015-2021)
6.2 Medical Foot Insoles Market Key Players in North America (2019-2021)
6.3 North America Medical Foot Insoles Market Size by Type (2015-2021)
6.4 North America Medical Foot Insoles Market Size by Application (2015-2021)
7 Europe
7.1 Europe Medical Foot Insoles Market Size (2015-2021)
7.2 Medical Foot Insoles Market Key Players in Europe (2019-2021)
7.3 Europe Medical Foot Insoles Market Size by Type (2015-2021)
7.4 Europe Medical Foot Insoles Market Size by Application (2015-2021)
8 China
8.1 China Medical Foot Insoles Market Size (2015-2021)
8.2 Medical Foot Insoles Market Key Players in China (2019-2021)
8.3 China Medical Foot Insoles Market Size by Type (2015-2021)
8.4 China Medical Foot Insoles Market Size by Application (2015-2021)
9 Japan
9.1 Japan Medical Foot Insoles Market Size (2015-2021)
9.2 Medical Foot Insoles Market Key Players in Japan (2019-2021)
9.3 Japan Medical Foot Insoles Market Size by Type (2015-2021)
9.4 Japan Medical Foot Insoles Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Medical Foot Insoles Market Size (2015-2021)
10.2 Medical Foot Insoles Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Medical Foot Insoles Market Size by Type (2015-2021)
10.4 Southeast Asia Medical Foot Insoles Market Size by Application (2015-2021)
11 India
11.1 India Medical Foot Insoles Market Size (2015-2021)
11.2 Medical Foot Insoles Market Key Players in India (2019-2021)
11.3 India Medical Foot Insoles Market Size by Type (2015-2021)
11.4 India Medical Foot Insoles Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Medical Foot Insoles Market Size (2015-2021)
12.2 Medical Foot Insoles Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Medical Foot Insoles Market Size by Type (2015-2021)
12.4 Central & South America Medical Foot Insoles Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Medical Foot Insoles Market Introduction
13.4 Medical Foot Insoles Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Medical Foot Insoles Market Key Market Segments
Table 2. Key Players Covered: Ranking by Medical Foot Insoles Market Revenue
Table 3. Ranking of Global Top Medical Foot Insoles Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Medical Foot Insoles Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Medical Foot Insoles Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Medical Foot Insoles Market Players to Combat Covid-19 Impact
Table 10. Global Medical Foot Insoles Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Medical Foot Insoles Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Medical Foot Insoles Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Medical Foot Insoles Market Share by Regions (2015-2021)
Table 14. Global Medical Foot Insoles Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Medical Foot Insoles Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Medical Foot Insoles Market Growth Strategy
Table 20. Main Points Interviewed from Key Medical Foot Insoles Market Players
Table 21. Global Medical Foot Insoles Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Medical Foot Insoles Market Share by Players (2015-2021)
Table 23. Global Top Medical Foot Insoles Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Medical Foot Insoles Market as of 2019)
Table 24. Global Medical Foot Insoles Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Medical Foot Insoles Market Product Solution and Service
Table 27. Date of entering into Medical Foot Insoles Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 30. Global Medical Foot Insoles Market Size Share by Type (2015-2021)
Table 31. Global Medical Foot Insoles Market Revenue Market Share by Type (2021-2028)
Table 31. Global Medical Foot Insoles Market Size Share by Application (2015-2021)
Table 33. Global Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 34. Global Medical Foot Insoles Market Size Share by Application (2021-2028)
Table 35. North America Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Medical Foot Insoles Market Share (2019-2021)
Table 37. North America Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 38. North America Medical Foot Insoles Market Share by Type (2015-2021)
Table 39. North America Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 40. North America Medical Foot Insoles Market Share by Application (2015-2021)
Table 41. Europe Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Medical Foot Insoles Market Share (2019-2021)
Table 43. Europe Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Medical Foot Insoles Market Share by Type (2015-2021)
Table 45. Europe Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Medical Foot Insoles Market Share by Application (2015-2021)
Table 47. China Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Medical Foot Insoles Market Share (2019-2021)
Table 49. China Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 50. China Medical Foot Insoles Market Share by Type (2015-2021)
Table 51. China Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 52. China Medical Foot Insoles Market Share by Application (2015-2021)
Table 53. Japan Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Medical Foot Insoles Market Share (2019-2021)
Table 55. Japan Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Medical Foot Insoles Market Share by Type (2015-2021)
Table 57. Japan Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Medical Foot Insoles Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Medical Foot Insoles Market Share (2019-2021)
Table 61. Southeast Asia Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Medical Foot Insoles Market Share by Type (2015-2021)
Table 63. Southeast Asia Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Medical Foot Insoles Market Share by Application (2015-2021)
Table 65. India Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Medical Foot Insoles Market Share (2019-2021)
Table 67. India Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 68. India Medical Foot Insoles Market Share by Type (2015-2021)
Table 69. India Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 70. India Medical Foot Insoles Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Medical Foot Insoles Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Medical Foot Insoles Market Share (2019-2021)
Table 73. Central & South America Medical Foot Insoles Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Medical Foot Insoles Market Share by Type (2015-2021)
Table 75. Central & South America Medical Foot Insoles Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Medical Foot Insoles Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Medical Foot Insoles Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Medical Foot Insoles Market Share by Type: 2021 VS 2028
Figure 2. Global Medical Foot Insoles Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Medical Foot Insoles Market Report Years Considered
Figure 8. Global Medical Foot Insoles Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Medical Foot Insoles Market Share by Regions: 2021 VS 2028
Figure 10. Global Medical Foot Insoles Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Medical Foot Insoles Market Share by Players in 2019
Figure 13. Global Top Medical Foot Insoles Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Medical Foot Insoles Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Medical Foot Insoles Market Revenue in 2019
Figure 15. North America Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Medical Foot Insoles Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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