Market Introduction
Foot orthoses, which are commonly referred to as orthotics, are devices made to insert into the shoes, which provides off-loading foot structures and cushioning. Prefabricated foot orthoses, which are also referred to as over-the-counter or non-prescription, are mass-produced based on foot sizes. Custom-made foot orthoses are made from a plaster cast or three-dimensional laser scan of the foot and are countered devices.
Foot orthoses are used in attachment to the standard medical care of patients with foot and lower limb problems, including plantar heel pain, rheumatoid arthritis, pronated foot, diabetic risk plantar. They are intended to modify the function of the foot and lower limb joints during weight-bearing activities, including standing, walking or running, to reduce pain and improve the function
Increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector are among the major factors fueling the growth of this market. Moreover, introduction of 3D printed orthotics insoles is expected to foster the market growth during the forecast period. However, high cost of foot orthotic insoles hinders the growth of the foot orthotic insoles market.
Market Overview and Dynamics
The Europe foot orthotic insoles market is projected to reach US$ 1,621.89 million by 2027 from US$ 1,096.89 million in 2019. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. Factors driving the market growth include increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector. However, high cost of foot orthotic insoles is likely to have a negative impact on market growth.
Key Market Segments
By product type, the customized segment accounted for the largest share of the Europe foot orthotic insoles market in 2019. In terms of material, in 2019, the polyethylene foams segment held the most significant share of the foot orthotic insoles market. In terms of application, the medical segment held the largest market share of the foot orthotic insoles market in 2019. In terms of end-user, the hospitals and specialty clinics segment held the largest market share of the foot orthotic insoles market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing the Europe foot orthotic insoles market report are World Health Organization, Ministry of Health and Prevention, and Non Centers for Disease Control and Prevention.
Reasons to buy the report
- To understand the Europe foot orthotic insoles market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape of the Europe foot orthotic insoles market
- To efficiently plan M&A and partnership deals in the Europe foot orthotic insoles market by identifying market segments with the most promising probable sales
- To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the Europe foot orthotic insoles market
- To obtain market revenue forecast of various segments from 2018 to 2027 in Europe.
EUROPE FOOT ORTHOTIC INSOLES MARKET SEGMENTATION
By Product Type
- Customized
- Prefabricated
By Material
- Thermoplastics
- Polyethylene foams
- Leather
- Cork
- Composite Carbon Fibers
- Ethyl-vinyl acetates (EVAs)
- Gel
- Others
By Application
- Sports and Athletics
- Medical
- Personal Comfort
By Distribution Channel
- Drug Stores
- Hospitals and Specialty
- Online Stores
- Others
By Country
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Aetrex Worldwide, Inc
- Bauerfeind AG
- OttoBock
- Superfeet Worldwide Inc.
- Sidas
- Algeos
- Yellow Wood Partners, LLC