Foot Orthotic Insoles Market size was over USD 4.02 billion in 2024 and is poised to reach USD 9.41 billion by the end of 2037, witnessing around 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of foot orthotic insoles is assessed at USD 4.24 billion.
The demand for foot orthotic insoles is growing faster due to the increasing prevalence of diabetes and arthritis globally. According to the WHO, approximately 422 million people worldwide suffer diabetes, with many of them living in low and middle-income countries, and diabetes is directly liable for 1.5 million fatalities per year.
Besides this, the rising cases of musculoskeletal disorders are expected to drive the market growth of foot orthotic insoles. As per the data of the World Health Organization, around 1.71 billion people in the world are living with musculoskeletal disorders. The primary reasons for this cause of harsh work environment and performance work. However, the person with musculoskeletal can carry on their chores pain-free by using foot insoles.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
6.9% |
Base Year Market Size (2024) |
USD 4.02 billion |
Forecast Year Market Size (2037) |
USD 9.41 billion |
Regional Scope |
|
Material {(Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethyl-Vinyl Acetates (EVAs)}
The ethyl-vinyl acetates (EVAs) foot orthotic insoles segment is estimated to gain the largest market revenue of USD 2.1 billion over the projected time frame. The growth of the segment can be attributed to the widespread use of ethyl vinyl acetate in the manufacture of orthotic insoles and the prevalence of foot deformities and foot pain. Additionally, the increase in the number of elderly people prone to rheumatoid arthritis has fueled the growth of the ethyl vinyl acetate segment.
Type (Pre-Fabricated, Custom-Made)
The custom-made foot orthotic insoles segment in the foot orthotic insoles is estimated to surpass more than USD 5.7 billion over the projected time due to high consumer preference. The improved manufacturing flow capacity facilitates faster production and decreased manufacturing expenses. Furthermore, the increasing prevalence of foot conditions including clubfoot, hammertoe and bunion, and plantar fasciitis, tendinitis has increased the demand for personalized insoles.
Our in-depth analysis of the global market includes the following segments:
Material |
|
Type |
|
Age Group |
|
Distribution Channel |
|
Application |
|
North American Market Forecast
North America is expected to lead the global foot orthotic insoles market by garnering a revenue share of 39% by 2037. The growth is due to increased investment from both public and private players, as well as the contribution of core market leaders for improved virtual trial solutions. It has a significant revenue share in the global market, owing to an increase in R&D activities and growing rate of manufacturers in the product fabrication.
European Market Statistics
The European foot orthotic insoles market is estimated to grow at a CAGR of 6.79% over the projected time frame. The growth of the market can be attributed majorly to the rising cases of arthritis in the region. In the last 30 years, the cases of osteoarthritis have increased by 54%. Moreover, currently in Western Europe, there are nearly 57 million people are suffering from arthritis. On the other, the healthcare infrastructure in Europe is vast and strong making it accessible to every individual there.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?