Foot Orthotic Insoles Market Size (2024 - 2029)

Foot Orthotic Insoles Market Analysis

The Foot Orthotic Insoles Market size is estimated at USD 3.73 billion in 2024, and is expected to reach USD 5.21 billion by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).

• The rising adoption of customized orthotic insoles to reduce pain, the significant rise in the geriatric population and prevalence of diabetes, and increasing health issues, coupled with the increasing incidence of chronic pain, are the major factors driving the growth of the market.
• According to the World Health Organisation (WHO) data updated in October 2022, the proportion of older adults in the overall population had increased across every country worldwide. According to WHO estimates, by 2022, 1 in 6 people in the world was aged 60 years or over; the share of the population aged 60 years and over is expected to increase to 1.4 billion by 2030. By 2050, 80% of older people will belong to low- and middle-income countries. This aging population is more prone to foot diseases, diabetes, joint and back pain, and other diseases requiring orthotics for support or pain relief. Hence, owing to the growing aging population, the market is expected to grow over the forecast period.
• Similarly, advancements in insole technology are expected to boost market growth over the forecast period. For instance, in April 2022, OrthoLite launched new ESD insole technology for work and service footwear. This mechanically bonded electrostatic discharge protection insole technology helps customize the foot orthotics insoles. In November 2022, insoles company Upstep launched the first technology system of its kind with artificial intelligence, which enables a 50% reduction in the time it takes to manufacture customized insoles.
• Thus, all the factors above are expected to boost market growth over the forecast period. However, limited awareness about orthotics among the population is expected to restrain the market's growth.

Foot Orthotic Insoles Industry Segmentation

As per the report's scope, foot orthotic insoles are shoe inserts designed to cure foot deformities and stabilize the biomechanical misalignment of the foot. These are used to reduce pain. These orthotics are custom-made as prescribed by physicians to provide comfort and support to the patients. Many are adopting specially designed orthotic insoles for personal comfort and pain reduction.

The foot orthotic insoles market is segmented by product, material, application, and geography. By product, the market is segmented into prefabricated and customized. By material, the market is segmented into thermoplastics, polyethylene foams, leather, composite carbon fibers, ethyl-vinyl acetates (EVAS), and others. By application, the market is segmented into sports and athletics, personal comfort, and medical. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD) for all the above segments.