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Diabetes is likely to stimulate innovation in the manufacturing of foot orthotic insoles, boosting the market over the forecast period.

The global foot orthotic insoles market is expected to grow from $3.29 billion in 2022 to $3.55 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global foot orthotic insole market size is expected to reach $4.72 billion in 2027 at a CAGR of 7.4%.

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Global Foot Orthotic Insoles Market Segments Include:

• By Type: Prefabricated, Customized
• By Material: Thermoplastics, Polyethylene Foams, Leather, Cork, Composite Carbon Fibers, Ethylene-vinyl Acetate, Gel, Other Materials
• By Application: Medical, Sports And Athletics, Personal
• By Distribution Channel: Drug Stores, Hospitals And Specialty Clinics, Online Stores, Other Distribution Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global foot orthotic insoles market in 2021.

Major Market Players in the foot orthotic insoles market include Hanger Inc., Implus LLC, Footbalance Systems Ltd., Thuasne SAS, Foot Science International, Aetrex Inc., Tynorindia, Digital Orthotics Laboratories Australia Pty Ltd, Reckitt Benckiser Group Plc.

Product innovation is a key trend that is gaining traction in the foot orthotic insoles market. To maintain their market position, major players in the foot orthotic insoles market are focusing on producing innovative products. For example, in May 2022, New Balance, a sports footwear and clothing manufacturer located in the United States, debuted casual therapeutic cushion insoles, a new insole moulded by Superfeet. The design of casual therapeutic cushion insoles is distinctive in that it employs extra-soft foam that adapts to the foot and provides relief to persons with sensitive feet. The flexible structure and heel-to-toe padding that cradles the foot to minimise discomfort keep the foot supported while moving. To accommodate sensitive skin, the insoles are made of hypoallergenic materials.

The Foot Orthotic Insoles Global Market Report 2023 provides a foot orthotic insoles market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The foot orthotic insoles market forecast analyzes foot orthotic insoles market size, foot orthotic insoles market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Foot orthotic insoles are prescription medical devices used within the shoe to treat and cure foot problems. It is used to treat foot disorders such as walking, standing, or running difficulties.

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