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, less adoption of foot orthotic insoles due to lack of awareness in emerging economies hinders the growth of the foot orthotic insoles market.
Market Overview and Dynamics The North America foot orthotic insoles market is projected to reach US$ 2,192.39 million by 2027 from US$ 1,388.81 million in 2019. The market is estimated to grow at a CAGR of 6.0% from 2020 to 2027. Factors driving the market growth includes increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector. However, less adoption 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 North America 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 North America foot orthotic insoles market report are World Health Organization, Ministry of Health and Prevention, and Non Centers for Disease Control and Prevention.
NORTH AMEIRCA 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 • US • Canada • Mexico Company Profiles • Aetrex Worldwide, Inc • Bauerfeind AG • OttoBock • Superfeet Worldwide Inc. • Sidas • Algeos • Amfit Inc • Acor Orthopaedic, Inc. • Yellow Wood Partners, LLC
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