The global foot orthotic insoles market size was valued at USD 3.49 billion in 2021. The market is projected to grow from USD 3.93 billion in 2022 to USD 6.15 billion by 2029, exhibiting a CAGR of 6.6% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Foot Orthotic Insoles Market, 2022-2029.”

Key Industry Development:

February 2022: Digital Orthotics Laboratories Australia Pty Ltd. unveiled a novel DOLA iPhone scanning aspect. The customer would be able to scan, suggest, and order orthotics utilizing iPhone.

Request a Sample Copy of the Research ReportFoot Orthotic Insoles Market

Increasing demand for custom-made foot orthotics is fueling the market growth. These products are custom-made after a complete evaluation of the foot structure of the user. Tailor-made orthotics have clinically proven advantages over prefabricated ones in terms of better pain management and comfort. There is an increasing demand for 3D printed orthotics among end-users. These are thinner as compared to traditional ones, with increased gait efficiency and proprioception, which is boosting the market growth.

Increasing adoption of eco-friendly materials in manufacturing orthotic insoles is opening new avenues for growth. Favorable reimbursement policies in developed countries, growing investments by key industry players, and increased spending on research and development are expected to boost revenue in the coming years.

Report Coverage:

The report offers a rounded review of the market along with current trends and future predictions to inaugurate proximate investment gains. A detailed examination of any forthcoming prospects, threats, competitions or driving aspects is also cited in the report. Step by step, methodical regional analysis is presented. The COVID-19 impacts have been added to the report to aid investors and business experts to understand the jeopardies better. The indispensable players in the market are recognized, and their strategies to reinforce the market growth are shared in the report.

Effortless Accessibility of Ethyl-vinyl Acetate Accounted for Segment’s Greatest Market Share in 2021

Based on material, the market is segmented into thermoplastics, Ethyl-vinyl Acetate (EVA), foam, composite carbon fiber, and others. The EVA segment is responsible for majority portion of the market.

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