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North America Foot Orthotic Insoles Market - Global Industry Analysis

North America Foot Orthotic Insoles Market By Material (Leather, Polypropylene And Others) For Sports, Medical And Other End Users: North America Industry Perspective, Comprehensive Analysis And Forecast 2020 – 2028

Published Date: 12-Jun-2021 Category: Medical Device Report Format : PDF Pages: 120 Report Code: ZMR-867 Status : Published

The North America Foot Orthotic Insoles market accounted for USD 1726.3 Million in 2020 and is expected to reach USD 2246.10 Million by 2028, growing at a CAGR of 4.6% from 2021 to 2028.

Description

Market Overview     

The North America Foot Orthotic Insoles market accounted for USD 1726.3 Million in 2020 and is expected to reach USD 2246.10 Million by 2028, growing at a CAGR of 4.6% from 2021 to 2028.    

Orthotics care with the planning, manufacture, and application of orthoses. Orthoses are devices used to modify the structural and functional characteristics of the neuromuscular and skeleton and are applied externally. Orthotic insoles are molded shoe inserts made from leather, rubber, plastic, or other synthetic material. They balance the foot in a neutral position and also provide cushioning to the foot. There are many sorts of foot orthotic insoles available within the market namely, prefabricated, cushioning orthoses, pressure relief orthoses, and custom foot insoles.

North American foot orthotic insoles market is primarily driven by growing incidences of diabetes and increasing demand from sports applications. Other major driving factors are the increasing aging population and increasing awareness about the benefits of using foot orthoses. However, the high price of the orthotic insoles is that the major restraint that will limit the expansion of the market. Nonetheless, technological advancements in foot orthotic insoles research are likely to disclose the new avenues for the foot orthotic insoles market within the near future.

COVID-19 Impact Analysis:

The impact of the coronavirus pandemic on North America has been largely disruptive in terms of economic activity also as a loss of human lives. The outbreak of COVID-19 has declined the marketplace for the various market so has adversely affected the healthcare industry. This is often due to the disruptions within the supply chain and decrease in patients volume across the world. The economies around the globe have declined as there's a major decline in the demand for products. The assembly across all industries is limited due to the pandemic, the shortage of staple, decline in exports, and therefore the disruptions within the supply chain are the main factors distressing the North America Foot Orthotic Insoles.

Growth Factors

Increasing demand for custom-made foot orthotics is fueling the market growth. Tailor-made orthotics have clinically proven advantages over prefabricated ones in terms of higher pain management and luxury. there's an increasing demand for 3D printed orthotics among end-users. These are thinner as compared to traditional ones, with increased gait efficiency and proprioception, which is enhancing the market growth. The growing adoption of eco-friendly materials in manufacturing orthotic insoles is opening new avenues for growth. Favorable reimbursement policies in developed countries, rising investments by key industry players, and increased spending on R&D are expected to spice up revenue within the coming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview

The foot orthotic insoles market is segmented based on material and end-user. Based on material, the foot orthotic insoles market has been segmented into leather, polypropylene, and others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.).Polypropylene segment is predicted to grow at the fastest rate during the forecast period. Different end-users in the foot orthotic insoles market are sports, medical, etc. The medical segment accounted for the largest share due to the rising incidence of diseases such as arthritis, foot pain, and diabetes. This trend is likely to continue over the course of the forecast period.

Regional Analysis Preview

The foot orthotic insoles market is about to grow at a considerable pace over the subsequent few years. North America has become a mature market as compared to the remainder of the planet in terms of demand for foot orthotic insoles. additionally, this region has a longtime customer base due to the rising awareness towards healthcare and technological advancements and is currently dominated by the U.S.

Key Market Players & Competitive Landscape

Key market players of North America Foot Orthotic Insoles include as Bauerfeind AG, Hanger Orthopedic Group, Bayer AG, Spenco Medical Corporation, Aetrex Worldwide, Inc, Comfortfit Orthotic Labs Inc, Sole and OttoBock Holding GmbH & Co. KG among others. To attain long-term growth and sustain current market hold, the company is extending the business model to additional technologies and developing innovative products.

The North America Foot Orthotic Insoles market is segmented as follows:    

By Materials Analysis

  • Leather
  • Polypropylene
  • Others (Polyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.)

By End-users Analysis

  • Sports
  • Medical
  • Others

By Country Analysis

  • U.S.
  • Canada

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Material
        • 2.1.1.2. Market Attractiveness Analysis, By End-User
        • 2.1.1.3. Market Attractiveness Analysis, By Country
    • 2.2. Market Snapshot
    • 2.3. North America Foot Orthotic Insules Market, 2016 – 2028 (USD Million) (Tons)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Country
      • 3.1.1. US
      • 3.1.2. Canada
    • 3.2. Quarterly Market Revenue and Forecast by Country 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Country, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Country, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 North America Foot Orthotic Insules Market – Material Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Material, 2020 & 2028
    • 4.2. Leather
      • 4.2.1. Market Size and Forecast, By Country (USD Million) (Tons)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Others (Pulyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.)
      • 4.3.1. Market Size and Forecast, By Country (USD Million) (Tons)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Pulypropylene
      • 4.4.1. Market Size and Forecast, By Country (USD Million) (Tons)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 North America Foot Orthotic Insules Market – End-User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Source, 2020 & 2028
    • 5.2. Sports
      • 5.2.1. Market Size and Forecast, By Country (USD Million) (Tons)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Medical
      • 5.3.1. Market Size and Forecast, By Country (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Others
      • 5.4.1. Market Size and Forecast, By Country (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 North America Foot Orthotic Insules Market – Country Analysis
    • 6.1. Overview
      • 6.1.1. North America Market Revenue Share, By Country, 2020 & 2028
      • 6.1.2. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.2. US
      • 6.2.1. US Market Revenue, By Material, 2016 – 2028
      • 6.2.2. US Market Revenue, By End-User, 2016 – 2028
    • 6.3. CANADA
      • 6.3.1. Canada Market Revenue, By Material, 2016 – 2028
      • 6.3.2. Canada Market Revenue, By End-User, 2016 – 2028
  • Chapter No. 7 North America Foot Orthotic Insules Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. North America Market Trends
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. North America Foot Orthotic Insules Market: Company Market Share, 2019
      • 8.1.2. North America Foot Orthotic Insules Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. North America Foot Orthotic Insules Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. North America Foot Orthotic Insules Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Bauerfeind AG
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Hanger Orthopedic Group
    • 9.3 Bayer AG
    • 9.4 Spenco Medical Corporation
    • 9.5 Aetrex Worldwide, Inc
    • 9.6 Comfortfit Orthotic Labs Inc, Sule
    • 9.7 OttoBock Hulding GmbH & Co. KG
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures    

FIG NO. 1.    Market Attractiveness Analysis, By Material
FIG NO. 2.    Market Attractiveness Analysis, By End-User
FIG NO. 3.    Market Attractiveness Analysis, By Country 
FIG NO. 4.    North America Foot Orthotic Insoles Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5.    Impact of COVID-19 Pandemic in US Countries
FIG NO. 6.    Market Revenue Share, By Material, 2020 & 2028
FIG NO. 7.    North America Foot Orthotic Insoles  Market for Leather, Revenue (USD Million) 2016 – 2028
FIG NO. 8.    Comparative Revenue Analysis of North America Foot Orthotic Insoles Market for Leather, By Country, 2020 & 2028
FIG NO. 9.    North America Foot Orthotic Insoles  Market for Others (Polyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.), Revenue (USD Million) 2016 – 2028
FIG NO. 10.    Comparative Revenue Analysis of North America Foot Orthotic Insoles Market for Others (Polyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.), By Country, 2020 & 2028
FIG NO. 11.    Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 12.    North America Foot Orthotic Insoles  Market for Sports, Revenue (USD Million) 2016 – 2028
FIG NO. 13.    Comparative Revenue Analysis of North America Foot Orthotic Insoles Market for Sports, By Country, 2020 & 2028
FIG NO. 14.    North America Foot Orthotic Insoles  Market for Medical, Revenue (USD Million) 2016 – 2028
FIG NO. 15.    Comparative Revenue Analysis of North America Foot Orthotic Insoles Market for Medical, By Country, 2020 & 2028
FIG NO. 16.    North America Foot Orthotic Insoles  Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 17.    Comparative Revenue Analysis of North America Foot Orthotic Insoles Market for Others, By Country, 2020 & 2028
FIG NO. 18.    North America Foot Orthotic Insoles  Market Revenue Share, By Country, 2020 & 2028
FIG NO. 19.    US North America Foot Orthotic Insoles Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 20.    Porter’s Five Forces Analysis for North America Foot Orthotic Insoles  Market
FIG NO. 21.    PEST Analysis for North America Foot Orthotic Insoles  Market
FIG NO. 22.    Pricing Analysis for North America Foot Orthotic Insoles  Market
FIG NO. 23.    Value Chain Analysis for North America Foot Orthotic Insoles  Market 
FIG NO. 24.    Company Share Analysis, 2019
FIG NO. 25.    Radar Determinant Chart, 2019
FIG NO. 26.    Company Strategic Developments – Heat Map Analysis
FIG NO. 27.    Bayer AG Company Business Segment Revenue Share, 2020 (%)
FIG NO. 28.    Bayer AG Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29.    Market Channels
FIG NO. 30.    Marketing Channel Development Trend
FIG NO. 31.    Growth in World Gross Product, 2008-2018
FIG NO. 32.    Research Methodology – Detailed View
FIG NO. 33.    Research Methodology


List of Tables    

TABLE NO. 1. North America Foot Orthotic Insoles  Market: Snapshot
TABLE NO. 2. Quarterly North America Foot Orthotic Insoles Market Revenue by Country, 2020
TABLE NO. 3. Quarterly North America Foot Orthotic Insoles Market Revenue Forecast by Country, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Country, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Country, 2020-2028 (USD Million)
TABLE NO. 6. North America Foot Orthotic Insoles  Market for Leather, by Country, 2016 – 2028 (USD Million)
TABLE NO. 7. North America Foot Orthotic Insoles  Market for Others (Polyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.), by Country, 2016 – 2028 (USD Million)
TABLE NO. 8. North America Foot Orthotic Insoles  Market for Sports, by Country, 2016 – 2028 (USD Million)
TABLE NO. 9. North America Foot Orthotic Insoles  Market for Medical, by Country, 2016 – 2028 (USD Million)
TABLE NO. 10. North America Foot Orthotic Insoles  Market for Others, by Country, 2016 – 2028 (USD Million)
TABLE NO. 11. North America Foot Orthotic Insoles  Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 12. North America Foot Orthotic Insoles Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 13. US  North America Foot Orthotic Insoles Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 14. US North America Foot Orthotic Insoles Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 15. CANADA North America Foot Orthotic Insoles Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 16. CANADA North America Foot Orthotic Insoles Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 17. France  North America Foot Orthotic Insoles Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 18. France  North America Foot Orthotic Insoles Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 19.  Italy North America Foot Orthotic Insoles Revenue, By Material, 2016 – 2028 (USD Million) 
TABLE NO. 20. Italy North America Foot Orthotic Insoles Revenue, By End-User, 2016 – 2028 (USD Million)
TABLE NO. 21. Drivers for the North America Foot Orthotic Insoles Market: Impact Analysis
TABLE NO. 22. Restraints for the North America Foot Orthotic Insoles Market: Impact Analysis
TABLE NO. 23. Major Buyers of North America Foot Orthotic Insoles
TABLE NO. 24. Distributors/Traders List of North America Foot Orthotic Insoles   
TABLE NO. 25. North America Foot Orthotic Insoles  Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 26. North America Foot Orthotic Insoles  Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Foot Orthotic Insoles market. Zion Research has collected and analyzed key data belong to the global Foot Orthotic Insoles market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Foot Orthotic Insoles across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Foot Orthotic Insoles industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Foot Orthotic Insoles market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Orthotics is a specialty within the medical field concerned with the design, manufacture, and application of orthoses. Foot orthotic insoles are essential shoe inserts for foot support and pain relief. Foot orthotics insoles can provide stability for the foot and help to correct the injury-causing imbalances. Insoles are used to provide extra cushioning to the foot and support and comfort patient’s arches, but they are unable to cure biomechanical foot problems.Benefits of foot orthotics insoles include improving the overall health of the foot and ankle, aligning and supporting the body, including the feet and ankles and preventing foot deformities.3 out of 4 Americans experience serious foot problems in their lifetime. Women have about four times as many foot problems as men. Approximately 20% of the population in the US has high arches.Over 2 million Americans seek treatment for plantar fasciitis (heel pain) each year.Foot disorders in the elderly are extremely common and are the cause of much pain and disability, and consequent loss of mobility and independence.

North-America-Foot-Orthotic-Insoles-Market

Worldwide diabetes has become prevalent and thus diabetes-related foot problems are increasing. However, proper footwear is an important part of an overall treatment for people with diabetes, even for those in the earliest stages of the disease. For people with diabetic foot ulcers, wound cleaning and dressings are provided, as well as pressure-relieving orthoses to improve the rate of healing. The numbers of patients in the developing countries with diabetes are estimated to increase from 84 million in 1995 to 228 million in 2025. By using foot orthotic insoles, many patients can prevent serious diabetic foot complications. Thus, both pre-made and custom-made orthotics are commonly prescribed for patients with diabetes. Also, the use of orthotic insoles has become more widespread in the last 15 years. Most professional athletes are now fitted with foot orthotics, in particular, long distance runners. Sports injuries often involve musculoskeletal trauma to the joints, bones, lower limbs, or ligaments.  Orthotic devices help to improve the functions of the injured body part and to facilitate alignment through supporting the back, joints, muscles, and limb ligaments. Thus, growing incidences of diabetes and increasing demand from sports applications are major drivers for foot orthotic insoles market. However, the high cost of foot orthotic insole may curtail the market growth.  Nevertheless, technological advancements are expected to act an opportunity for foot orthotic insoles market in near future.

Based on material, foot orthotic insoles market has been segmented into leather, polypropylene, and others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.). Polypropylene segment is expected to grow at the fastest rate during the forecast period. Different end users in foot orthotic insoles market are sports, medical and others. In terms of revenue, medical end user segment dominated the market in 2015.  

The foot orthotic insoles market is set to grow at a substantial pace over the next few the years. North America has become a matured market as compared to rest of the world in terms of demand for foot orthotic insoles. In addition, this region has an established customer base owing to the rising awareness towards healthcare and technological advancements and is currently dominated by U.S.

Some of the key players in foot orthotic insoles market includeBauerfeind AG, Hanger Orthopedic Group, Bayer AG, Spenco Medical Corporation, Aetrex Worldwide, Inc, Comfortfit Orthotic Labs Inc, Sole and OttoBock Holding GmbH & Co. KG among others.

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FrequentlyAsked Questions

The North America Foot Orthotic Insoles  market was valued at USD 1553.3 Million in 2020.

The North America Foot Orthotic Insoles  market is expected to reach USD 2246.1 Million by 2028, growing at a CAGR of 4.6% between 2021 to 2028.  

The increasing adoption of eco-friendly materials in manufacturing orthotic insoles is opening new avenues for growth. Favorable reimbursement policies in developed countries, growing investments by key industry players, and increased spending on research and development are expected to boost revenue in the coming years.

US held a large chunk of market share in 2016 and is likely to experience noticeable growth in the next few years. 

Some of the major companies operating in North America Foot Orthotic Insoles market are as Bauerfeind AG, Hanger Orthopedic Group, Bayer AG, Spenco Medical Corporation, Aetrex Worldwide, Inc, Comfortfit Orthotic Labs Inc, Sole and OttoBock Holding GmbH & Co. KG among others.

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