A foot insole is a foot orthotic device inserted into shoes to correct, align, prevent, and support the function of movable parts of the body and help with healing and reduction of pain in the feet. It is intended to correct the walkingpattern by aligning the angles at which the feet strike the ground. Medical foot insoles are used for patients with diabetes, accident victims, the elderly, and during the rehabilitation process.
Due to the COVID-19 pandemic, the global Medical Foot Insoles market size is estimated to be worth US$ 2307.8 million in 2021 and is forecast to a readjusted size of US$ 3020.7 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Medical Foot Insoles market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Medical Foot Insoles landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
North America accounted for a dominant share of the global medical foot insoles market, holding more than 30% share in 2017. Europe held a prominent share of the global medical foot insoles market in 2017. Well-established health care infrastructure, rapidly increasing geriatric population, and large base of foot insole manufacturing companies have led to the dominant share of North America and Europe in the medical foot insoles market. The medical foot insoles market in Asia Pacific is projected to expand at a rapid CAGR during the forecast period owing to surge in investment in health care infrastructure, rise in disposable income of people, growing economy, large population base with chronic diseases and other foot pain conditions, and expansion in the distribution network of leading players in the region to establish themselves in the lucrative market.
This report focuses on Medical Foot Insoles volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Medical Foot Insoles market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Medical Foot Insoles Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Polypropylene Insoles
Leather Insoles
Segment by Application
Adults
Pediatric
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Bauerfeind
Bayer Group
Implus
Powerstep
SOLO Laboratories
Superfeet Worldwide