Global Custom Foot Orthotics Market Emerging Factor’s Analysis 2022

Posted by sandeep gade on November 23rd, 2022

The custom-made concept of orthotics rehabilitation is based on the notion that by designing foot orthotics with patient-specific design elements, certain aspects of the foot function can be altered therapeutically. Owing to the high adoption of cloud-based software systems and advancements in AI technology in the healthcare sector, the global custom foot orthotics market is slated to expand rapidly at a CAGR of 7.8% over the forecast period (2022-2032).

Utilization of additive manufacturing (AM) to build 3D objects has become a major trend in custom foot orthotic products. This is done by first modelling them digitally with a computer program and then producing them. AM can be achieved with different methods — 3D printing, photo polymerization, and injection molding, among others. People have now started adopting the use of insoles for day-to-day purposes. In laborious activities, they provide comfort and reduce pain.

With an increase in technological advancements such as 3D printing for insoles and customization via software, customers will get highly attracted and this will in turn demand the growth of this market.

Rising acceptance of personalized foot orthotics is attributed to the use of biomaterials in insole manufacturing, which provides longer wear duration and increased strength. In order to serve a vast population, key stakeholders are now focused on features such as low cost, ease of use, novelty, and comfort.

In May 2019, Wiivv Wearables, Inc. announced a collaboration with Dr. Scholl’s, for the production of custom-fit sandals and shoes.

In May 2019, Powerstep launched ErgoShield® occupational insoles, which are designed to improve foot comfort and provide ease on the job.

Key Takeaways from Market Study

  •          Custom products held an approximate 58.6% market share in 2021.
  •          Adult age group contributed nearly 70.9% revenue share in 2021.
  •          With huge adoption of custom foot orthotics in medical applications, the segment accounted for the largest share of around 55.6% in 2021.
  •          By material, EVA contributed around 19.4% share to the global market in 2021.
  •          By user, the custom category accounted for around 58.6% market share in 2021.
  •          By distribution channel, hospitals and specialty clinics are preferred more by patients, and the segment held a market share of around 31.3% in 2021.
  •          Around 40.5% of the global market share, by region, was accounted for by North America in 2021.

“High prevalence of chronic disorders and increase in sales of custom foot orthotics via e-Commerce platforms will propel market growth over the coming years,” says an analyst of Persistence Market Research.

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sandeep gade
Joined: August 22nd, 2022
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