NCBI anticipates a prevalence of diabetic foot ulcers to reach 9.1 and 26.1 in 2021. Furthermore, 20% and 25% of diabetes-mellitus-affected individuals are more susceptible to developing diabetic foot ulcers. A rampant rise in the prevalence of diabetes is influencing the frequency of incidence of diabetic foot ulcers on the global front. This places the need for effective foot orthotic insoles. In addition to this, there has been a robust rise in the geriatric and obese population. The Department of Health and Human Products predicts a 3 times rise in population by 2030, solely in the United States. Banking on these tenors, firms across the globe are strengthening their technical expertise and leveraging advanced technologies to come up with innovative products. During the forecast period, the rise in individuals suffering from obesity, osteoarthritis, and diabetic foot issues is projected to expand the peripheral reach of the foot orthotic insoles market. 

 

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Robust Penetration of 3D Footprinting Techniques to Heighten Growth Prospects of Foot Orthotic Insoles Market

 

A surge in incidents of obesity, osteoarthritis, and diabetic foot ulcers highlights the need for more efficient foot orthotic insoles. Intense innovation in the sector has enabled the development of 3D footprinting techniques. The paramount focus of these techniques lies in improving the functional capabilities and traditional manufacturing processes for custom-made foot orthotics. Leveraging 3D footprinting technology, manufacturers are making foot orthotic insoles more affordable and effective. Sound clinical research and development initiatives are being undertaken by key players in the orthotics industry. Research projects underway and sound technological advancements are setting the tone for the global foot orthotic insoles market. 

 

An Uptick in Urbanization and Incidence of Associated Lifestyle Diseases to Expand Market Dynamics

 

Emerging economies, around the world, are witnessing deepened urbanisation leading to drastic changes in lifestyle. This has marked the inception of various health ailments which can also be attributed to the sedentary behaviour of individuals. Lifestyles of individuals such as wearing wrong-sized or high-heeled shoes and tobacco addiction are among the leading causes of ailments related to feet. Besides, WHO reported that almost 35% of orthopaedic conditions among individuals, within the 22–40 age bracket, are linked to the lower back and lower limbs. This can be attributed to a shift towards sedentary lifestyles owing to job conditions. The adoption of foot orthotic devices to treat and prevent pain is likely to bode well for the foot orthotic insoles market.

 

North America Paces Ahead with Robust Influx of Investments and High-Tech Innovations

 

The projection period beholds tremendous growth potential for North America. The heavy influx of investments by public and private players and the provision of improved virtual trial solutions are spearheading growth across regional markets. The market is further driven by the surge in technology penetration and R&D efforts by key market players. Rise in disposable income and next-gen technological advancements in industrialised countries, adoption of 3D printers to provide custom made orthotic insoles are other factors influencing the growth of the regional market.

 

Key Market Players

 

Some of the highly competitive players holding strong positions in the global foot orthotic insoles market include Bauerfeind AG, Aetrex Worldwide Inc., Amfit Inc., Cascade Dafo Inc., Blatchford Clinical Services, Dr. Scholl’s (Bayer), Salts Techstep, The Foot Lab, Arden Orthotics Ltd., Acor Orthopedic, Algeo Limited, Bolton Bros, and Tynor Orthotics Pvt. Ltd.

 

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