August 2016

Zion predicts $1B gain in insole market

Deerfield Beach, FL-based Zion Market Research predicted in a report issued July 27 that the global foot orthotic insoles market, valued at $2.637 billion in 2015, will reach $3.678 billion by 2021, growing at a CAGR (compound annual growth rate) of around 5.6% between 2016 and 2021.

North America holds more than a 43% share of the global market and is set to dominate the world marketplace within the forecast period, according to Zion, which attributes the projected growth to increasing health awareness coupled with technological advances.

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