Sarasota, FL, Feb. 03, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Foot Orthotic Insoles Market by Material (Leather, Polypropylene, and Others) for Sports, Medical and Other End Users: North America Industry Perspective, Comprehensive Analysis, and Forecast, 2014 - 2022” . According to the report, foot orthotic insoles market in North America was valued at approximately USD 1,206.5 million in 2016 and is expected to generate revenue of around USD 1,726.3 million by end of 2022, growing at a CAGR of around 6.2% between 2017 and 2022.
Orthotics is concerned with the design, manufacture, and application of orthoses. Orthoses are devices used to modify the structural and functional characteristics of the neuromuscular and skeletal system and are applied externally. Orthotic insoles are molded shoe inserts made up of leather, rubber, plastic or other synthetic material. They balance the foot in neutral position and also provide cushioning to foot. There are many types of foot orthotic insoles available in the market namely, prefabricated, cushioning orthoses, pressure relief orthoses and custom foot insoles.
Browse through 9 Market Tables and 16 Figures spread through 110 Pages and in-depth TOC on “North America Foot Orthotic Insoles Market: By Type, Size, Material, Share, Analysis, Segment, and Forecast 2016 – 2022”.
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North America foot orthotic insoles market is primarily driven by growing incidences of diabetes and increasing demand from sports applications. Other major driving factors are increasing aging population and increasing awareness about benefits of using foot orthoses. However, the high price of the orthotic insoles is the major restraint that may limit the growth of the market. Nonetheless, technological advancements in foot orthotic insoles research are likely to disclose the new avenues for foot orthotic insoles market in the near future.
The foot orthotic insoles market is segmented on the basis of material and end user. Based on material, foot orthotic insoles market has been segmented into leather, polypropylene, and others (polyethylene foams, cork, acrylic, composite carbon fibers, etc.). Polypropylene segment is expected to grow at the fastest rate during the forecast period. Different end users in foot orthotic insoles market are sports, medical and others. In terms of revenue, medical end user segment dominated the market in 2016.
Browse the full " Foot Orthotic Insoles Market by Material (Leather, Polypropylene, and Others) for Sports, Medical and Other End Users: North America Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022 " report at https://www.zionmarketresearch.com/report/foo...les-market
North America was the largest food additives market in 2016 and is expected to maintain its position in the forecast period. The market is mainly driven by the increasing demand for food additives from the U.S. in this region. North America held more than 30% market share in 2016. The market in this region is mainly driven by high demand for convenience foods, bakery & confectionery, beverage, and sauces in this region. North America is expected to witness considerable growth during the forecast period while Europe is expected to show moderate growth during the forecast period.
While, Asia Pacific is expected to be the fastest-growing region for food additives market owing to growing demand for changing consumer preference and increasing demand for healthy, natural and organic food. Asia Pacific market is mainly driven by increasing demand from India and China.
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Latin America is expected to exhibit worthwhile growth in the food additives market owing to growth in the Brazilian market. Brazil is expected to be the leading food additives market in this region during the forecast period owing to its fastest pace in developing food additives industry. The Middle East and Africa is projected to show moderate growth during the forecast period.
Some of the key players in foot orthotic insoles market include Bauerfeind AG, Hanger Orthopedic Group, Bayer AG, Spenco Medical Corporation, Aetrex Worldwide, Inc, Comfortfit Orthotic Labs Inc, Sole and OttoBock Holding GmbH & Co. KG among others.
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This report segments the North America foot orthotic insoles market as follows:
North America Foot Orthotic Insoles Market: By Material Segment Analysis
- Leather
- Polypropylene
- Others (Polyethylene Foams, Cork, Acrylic, Composite Carbon Fibers, etc.)
North America Foot Orthotic Insoles Market: End-user Segment Analysis
- Sports
- Medical
- Others
North America Foot Orthotic Insoles Market: Country Segment Analysis
- US
- Canada
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