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Europe Foot Orthotic Insoles Market Size, Share & Industry Analysis, By Type (Prefabricated and Customized), By Material (Thermoplastics, Ethyl-vinyl Acetate (EVA), Foam, Composite Carbon Fiber, and Others), By Application (Medical, Sports & Athletics, and Personal), By Age Group (Adults and Pediatrics), By Distribution Channel (Hospital Pharmacies, Retail Stores, and Online Stores), and Regional Forecast, 2023-2030

Last Updated: April 29, 2024 | Format: PDF | Report ID: FBI107663

 

KEY MARKET INSIGHTS

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Europe is the second largest region in the global foot orthotic insoles market. The Europe foot orthotic insoles market size is projected to grow at a CAGR of 6.5% during the forecast period. The global market for foot orthotic insoles is projected to grow from USD 3.62 billion in 2022 to USD 6.26 billion by 2030.


The growing demand from the sports & athletics sector and rising incidence of diabetes, arthritis, plantar fasciitis, and other foot conditions is driving the market growth over the forecast period. For instance, according to data published by the International Diabetes Federation (IDF), around 61 million adults age 20 years and above were living with diabetes in Europe in 2021. Moreover, the Europe foot orthotic insoles market share is expected to grow over the forecast period, owing to the growing adoption of technologies such as 3D-printed orthotics insoles.


Our report on the Europe market covers the following countries/regions – the U.K., Germany, France, Italy, Spain, and the rest of Europe.


LATEST TRENDS


Adoption of 3D-printed Orthotic Insoles to Offer New Growth Opportunities


European market players are highly focused on launching advanced products using 3D technologies. For instance, in March 2021, Norfolk Biomechanics Clinic launched an in-house 3D printing manufacturing technology for medical orthotic insoles. The clinic has become the first manufacturer for 3D printed insoles in the U.K. to help patients suffering from lower limb injury and pain. In addition, as of January 2023, Wypro, a Spanish company is working on 3D scanning solutions for the development of unique orthopedic solutions insoles. Such initiatives by key players to launch 3D-printed orthotic insoles are expected to witness lucrative growth opportunities for the market in the near future. Furthermore, 3D-printed orthotic insoles offer customized solutions according to the patient’s need, which is the main advantage offered by this technology. In addition, efficiency, cost, and accessibility have influenced the adoption of 3D printing technology in European countries.


DRIVING FACTORS


Growing Demand for Foot Orthotic Insoles in Sports & Athletics to Accelerate Market Growth


Orthotic devices are highly used in sports activities to improve skeletal functions, thus enhancing the athlete's performance. The rising number of sportspersons and women participating in sports clubs has been contributing to the growth of the foot orthotic insoles market in Europe. These factors are expected to contribute to the growth during the forecast period.


RESTRAINING FACTORS


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Low Reimbursement Policies for Foot Orthotic Insoles Limit the Market Growth 


Despite the growing adoption, there are low reimbursement policies for foot orthotic insoles, which hampers its demand to some extent. Moreover, insurance companies in Europe generally do not reimburse multiple types of footwear in the same calendar year. Furthermore, as per data published by the Diabetic Foot Journal, podiatric care is poorly reimbursed in France, thus limiting the growth of this market to a certain limit.


Furthermore, the high cost of custom orthotics associated with the procurement of raw materials also limits the growth of the Europe market. Custom orthotics are specially designed to fit a particular foot and treat specific foot conditions. Thus, they tend to be more expensive compared to over-the-counter orthotics. These factors may limit the market growth over the forecast period.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, Hanger Inc., Bauerfeind, and Foot Science International are the key players in the Europe market. The leading position of these companies is mainly attributed to the strong product offerings, including customized foot orthotic insoles, large customer base, and active involvement in R&D investments for product launches and approvals. Other key players, such as Aetrex, Inc., Implus Footcare LLC, and OttoBock, are also amongst the significant players in the market owing to their strong distribution network and the latest advancements in running technology. Some of the other major players include Superfeet Worldwide, Inc., Algeos, Ltd., Yellow Wood Partners, LLC, and others. These companies are focused on expanding their geographical network through strategic mergers and acquisitions to increase their market share in Europe.


LIST OF KEY COMPANIES PROFILED:



  • Aetrex Inc. (U.S.)

  • Bauerfeind (Germany)

  • OttoBock (Germany)

  • Superfeet Worldwide, Inc. (U.S.)

  • Algeos Ltd. (U.K.)

  • Yellow Wood Partners, LLC (U.S.)

  • Footbalance System Ltd. (Finland)

  • Foot Science International (New Zealand)

  • Implus Footcare LLC (U.S.)

  • Hanger Inc. (U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • May 2022: Arklyz Group AG, known for the distribution of products by the orthotic player Spenco, acquired Asphaltgold, a prominent European sneaker and streetwear retailer. This acquisition would strengthen the Arklyz’s product portfolio by expanding its business line.

  • March 2021: Create it REAl launched 3D printing technologies for personalized insole production in collaboration with GEBioM.

  • October 2020: Materialise NV agreed to acquire the RSscan dynamic foot measurement technology and the Phits personalized insole product line.


REPORT COVERAGE


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The market research report provides qualitative and quantitative insights on the market and a detailed analysis of the Europe market size & growth rate for all possible segments. Along with the Europe market forecast, the research methodology provides an elaborative analysis of the market dynamics and competitive landscape which includes company profiles. Various key insights presented in the report are an overview of the number of procedures, an overview of the price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.


Report Scope & Segmentation


































































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 6.5% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Type; Material; Application; Age Group; Distribution Channel; and Country/Sub-Region



By Type




  • Prefabricated

  • Customized



By Material




  • Thermoplastics

  • Ethyl-vinyl Acetate (EVA)

  • Foam

  • Composite Carbon Fiber

  • Others



By Application




  • Medical

  • Sports & Athletics

  • Personal



By Age Group




  • Adults

  • Pediatrics



By Distribution Channel




  • Hospital Pharmacies

  • Retail Stores



  • Online Stores



By Country/Sub-Region




  • Germany (By Type)

  • U.K. (By Type)

  • France (By Type)

  • Italy (By Type)

  • Spain (By Type)

  • Rest of Europe (By Type)






Frequently Asked Questions

Growing at a CAGR of 6.5%, the market will exhibit steady growth over the forecast period (2023-2030).

The growing demand from sports & athletics sector and rising incidence of diabetes, arthritis, and other foot conditions are the major factors driving the growth of the market.

Hanger Inc., Implus Footcare LLC, and Foot Science International are the major players in the Europe market.

Germany dominated the market in 2022.

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