Market Overview:
The global shoe orthotics market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of foot and ankle disorders, rising awareness about the benefits of using shoe orthotics, and technological advancements in the field of orthotics. The global shoe orthotics market is segmented on the basis of type into rigid orthotics and soft Orthotics. Rigid Orthotic devices are used to correct deformities or improve function, while Soft Orthotic devices are used primarily for relieving pain and discomfort. On the basis of application, the global shoe orthotic market is segmented into sports, medical, and others (including occupational therapy). The sports segment is expected to account for a major share of the global shoe orthotic market duringthe forecast period owingto an increase in demand for performance-enhancing products among athletes as well as recreational users.
Product Definition:
Shoe orthotics are inserts that are placed inside a shoe to correct or prevent problems with the foot, ankle, or knee. They can be used to improve stability, provide cushioning and support, and correct alignment. Orthotics may be prescribed for conditions such as plantar fasciitis, Achilles tendinitis, runner's knee, and shin splints.
Rigid Orthotics:
Orthotics is a branch of medical science which deals with the prevention and treatment of disorders associated with the musculoskeletal system. Rigid orthotics or shoe orthotics are used to correct deformities in the feet caused due to wrong footwear, excessive walking or running, sports injuries, pregnancy and other diseases like arthritis. Rigid orthotic devices are custom made shoes which help in correcting foot alignment problems by providing support for arches and instep.
Soft Orthotics:
Soft orthotics are designed to provide comfort and support to the arches of the feet. They are also used for correcting foot alignment, plantar fasciitis, flat feet, arch pain or metatarsalgia. Soft orthotics can be custom made as per the requirements of an individual.
Application Insights:
Sports shoe orthotics are used for treating conditions such as flat feet, high arches, and pronation. The increasing popularity of sports shoes has led to an increase in the number of people suffering from foot disorders. According to a study published by the American Academy of Orthopedic Surgeons (AAOS), around 47% to 65% of patients visiting primary care physicians have some form of foot disorder. Therefore, rising incidence rates indicate that more people are getting diagnosed with improper fitting shoes which can be remedied by using orthotic devices.
Medical shoe orthotics help treat conditions such as plantar fasciitis and bunions among others. Bunions occur when there is too much pressure on the ball or projection at the base of your thumb causing pain in front or behind your big toe joint due to over-pronation (under-pronation also occurs).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of sports injuries, rising geriatric population, and high adoption of sports activities among youth population in U.S., Canada, and Mexico. According to a study published by American Physical Therapy Association (APTA), approximately 50% of individuals aged 6-24 years engage in some form of physical activity on a regular basis – up from 37% reported by APTA in 2011.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to growing awareness about available orthotics products coupled with improving healthcare infrastructure especially for chronic disorders including arthritis.
Growth Factors:
- Increasing awareness about the benefits of using shoe orthotics: There is a growing awareness among people about the benefits of using shoe orthotics. This is helping to drive demand for these products, thereby boosting the market growth.
- Rising incidence of foot and ankle injuries: The increasing incidence of foot and ankle injuries is also propelling demand for shoe orthotics, as they help in providing relief from pain and other symptoms.
- Growing geriatric population: The geriatric population is increasingly becoming susceptible to various foot problems, which is leading to an increase in demand for shoe orthotics products that can provide relief from pain and other symptoms.
- Technological advancements: With technological advancements taking place at a rapid pace, new and innovative types of shoe orthotics are being introduced in the market, thereby driving market growth further. 5) Rising disposable income levels: Higher disposable income levels are enabling consumers to invest in better quality shoes as well as expensive types of shoe orthotics, thus propelling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Shoe Orthotics Market Research Report
By Type
Rigid Orthotics, Soft Orthotics
By Application
Sports, Medical, Others
By Companies
Dr. Scholl’s (Bayer), Superfeet, Implus, Sidas, Bauerfeind, Aetrex Worldwide, Powerstep, Footbalance Systems, Comfortfit Labs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Shoe Orthotics Market Report Segments:
The global Shoe Orthotics market is segmented on the basis of:
Types
Rigid Orthotics, Soft Orthotics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sports, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dr. Scholl’s (Bayer)
- Superfeet
- Implus
- Sidas
- Bauerfeind
- Aetrex Worldwide
- Powerstep
- Footbalance Systems
- Comfortfit Labs
Highlights of The Shoe Orthotics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid Orthotics
- Soft Orthotics
- By Application:
- Sports
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shoe Orthotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shoe orthotics are a type of medical device that are inserted into shoes to correct foot and ankle problems. Orthotics can help to improve the alignment of the feet, relieve pressure on certain areas of the feet, and provide support for your ankles.
Some of the major companies in the shoe orthotics market are Dr. Scholl’s (Bayer), Superfeet, Implus, Sidas, Bauerfeind, Aetrex Worldwide, Powerstep, Footbalance Systems, Comfortfit Labs.
The shoe orthotics market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shoe Orthotics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shoe Orthotics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shoe Orthotics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shoe Orthotics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shoe Orthotics Market Size & Forecast, 2020-2028
4.5.1 Shoe Orthotics Market Size and Y-o-Y Growth
4.5.2 Shoe Orthotics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rigid Orthotics
5.2.2 Soft Orthotics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Sports
6.2.2 Medical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shoe Orthotics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shoe Orthotics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rigid Orthotics
9.6.2 Soft Orthotics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Sports
9.10.2 Medical
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rigid Orthotics
10.6.2 Soft Orthotics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Sports
10.10.2 Medical
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rigid Orthotics
11.6.2 Soft Orthotics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Sports
11.10.2 Medical
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rigid Orthotics
12.6.2 Soft Orthotics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Sports
12.10.2 Medical
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rigid Orthotics
13.6.2 Soft Orthotics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Sports
13.10.2 Medical
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shoe Orthotics Market: Competitive Dashboard
14.2 Global Shoe Orthotics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dr. Scholl’s (Bayer)
14.3.2 Superfeet
14.3.3 Implus
14.3.4 Sidas
14.3.5 Bauerfeind
14.3.6 Aetrex Worldwide
14.3.7 Powerstep
14.3.8 Footbalance Systems
14.3.9 Comfortfit Labs
