January 2017

Growth forecast for global orthotic mkt

A to Z Research reported in September that the global foot orthotic insoles market, valued at approximately $2.637 million in 2015, is expected to reach approximately $3.678 million by 2021, growing at a CAGR (compound annual growth rate) of around 5.6% between 2016 and 2021.

Polypropylene was the market’s leading segment, accounting for more than 42% of 2015’s total revenue, while leather held 19% of the market. The medical orthotic segment accounted for more than 69% of total revenue in 2015, and the report noted increasing prevalence of diabetes coupled with rising awareness of foot complications as likely causes. The sports orthotic segment had a 24% market share in 2015, with growth attributed mainly to increasing demand for orthotic insoles in athletic shoes.

Read more at atozresearch.com.

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