Foot Orthotic Insoles Market Share

North American Market Forecast

North America is expected to lead the global foot orthotic insoles market by garnering a market revenue of USD 3.2 billion by growing at a CAGR of 6.54% over the forecast period. The growth is due to increased investment from both public and private players, as well as the contribution of core market leaders for improved virtual trial solutions. It has a significant revenue share in the global market, owing to an increase in R&D activities and growing rate of manufacturers in the product fabrication.

European Market Statistics

The European foot orthotic insoles market is estimated to be the second largest, registering a share of USD 2.5 billion by the end of 2035 by growing at a CAGR of 6.79% over the projected time frame. The growth of the market can be attributed majorly to the rising cases of arthritis in the region. In the last 30 years, the cases of osteoarthritis have increased by 54%. Moreover, currently in Western Europe, there are nearly 57 million people are suffering from arthritis. On the other, the healthcare infrastructure in Europe is vast and strong making it accessible to every individual there.