The Latin America, Middle East and Africa Foot Orthotic Insoles Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
The businesses existing in this market for years are witnessing various technological advancements. The innovations like EMR’s x-rays and advanced foot scanners are techniques replacing manual processes and are leading to better efficiency as well as mass production which contributes to saving money and time.
Also, technologies such as foot scanners are not very expensive and complex to use due to which the manufacturers of foot orthotic insoles are widely adopting these advanced technologies. The demand for customized foot orthotic insoles is rising in the market. These insoles are customized after properly evaluating the foot structure & shape of the user.
This type of orthotic insole has the advantage of being clinically proven and is considered more effective than pre-fabricated insoles. Moreover, the adoption of eco-friendly materials for the production of orthotic insoles is gaining traction in the market. The government of various developed nations is offering favorable reimbursement policies to the market players which is leading to increased research & development for foot orthotic insoles.
The UAE boasts a robust healthcare infrastructure as one of the Middle East's most economically advanced and diverse marketplaces. The government of the UAE has made building a top-notch healthcare infrastructure a primary priority, and as a result, the industry has developed and grown tremendously over the past few years. The UAE's healthcare industry has grown to accommodate both the country's population's changing requirements and its aspiration to establish itself as a regional center for medical tourism.
The Brazil market dominated the LAMEA Foot Orthotic Insoles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $96.8 Million by 2028. The Argentina market is experiencing a CAGR of 12.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Hospitals & Clinics, Drug Stores, and Others. Based on Type, the market is segmented into Custom-made and Pre-fabricated. Based on Material, the market is segmented into Thermoplastics, Composite Carbon Fiber, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Foot Orthotic Insoles Market is Predict to reach $4.5 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Materialise NV, Colfax Corporation, Reckitt Benckiser Group PLC, Hanger Inc., Ossur Hf., Groupe Gorge, Superfeet Worldwide, LLC, Ottobock SE & Co. KGaA, A Algeos Limited, and Bauerfeind AG.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Hospitals & Clinics
- Drug Stores
- Others
By Type
- Custom-made
- Pre-fabricated
By Material
- Thermoplastics
- Composite Carbon Fiber
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Materialise NV
- Colfax Corporation
- Reckitt Benckiser Group PLC
- Hanger, Inc.
- Ossur Hf.
- Groupe Gorge
- Superfeet Worldwide, LLC
- Ottobock SE & Co. KGaA
- A Algeos Limited
- Bauerfeind AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Foot Orthotic Insoles Market, by Distribution Channel
1.4.2 LAMEA Foot Orthotic Insoles Market, by Type
1.4.3 LAMEA Foot Orthotic Insoles Market, by Material
1.4.4 LAMEA Foot Orthotic Insoles Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Foot Orthotic Insoles Market by Distribution Channel
3.1 LAMEA Hospitals & Clinics Market by Country
3.2 LAMEA Drug Stores Market by Country
3.3 LAMEA Others Market by Country
Chapter 4. LAMEA Foot Orthotic Insoles Market by Type
4.1 LAMEA Custom-made Market by Country
4.2 LAMEA Pre-fabricated Market by Country
Chapter 5. LAMEA Foot Orthotic Insoles Market by Material
5.1 LAMEA Thermoplastics Market by Country
5.2 LAMEA Composite Carbon Fiber Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Foot Orthotic Insoles Market by Country
6.1 Brazil Foot Orthotic Insoles Market
6.1.1 Brazil Foot Orthotic Insoles Market by Distribution Channel
6.1.2 Brazil Foot Orthotic Insoles Market by Type
6.1.3 Brazil Foot Orthotic Insoles Market by Material
6.2 Argentina Foot Orthotic Insoles Market
6.2.1 Argentina Foot Orthotic Insoles Market by Distribution Channel
6.2.2 Argentina Foot Orthotic Insoles Market by Type
6.2.3 Argentina Foot Orthotic Insoles Market by Material
6.3 UAE Foot Orthotic Insoles Market
6.3.1 UAE Foot Orthotic Insoles Market by Distribution Channel
6.3.2 UAE Foot Orthotic Insoles Market by Type
6.3.3 UAE Foot Orthotic Insoles Market by Material
6.4 Saudi Arabia Foot Orthotic Insoles Market
6.4.1 Saudi Arabia Foot Orthotic Insoles Market by Distribution Channel
6.4.2 Saudi Arabia Foot Orthotic Insoles Market by Type
6.4.3 Saudi Arabia Foot Orthotic Insoles Market by Material
6.5 South Africa Foot Orthotic Insoles Market
6.5.1 South Africa Foot Orthotic Insoles Market by Distribution Channel
6.5.2 South Africa Foot Orthotic Insoles Market by Type
6.5.3 South Africa Foot Orthotic Insoles Market by Material
6.6 Nigeria Foot Orthotic Insoles Market
6.6.1 Nigeria Foot Orthotic Insoles Market by Distribution Channel
6.6.2 Nigeria Foot Orthotic Insoles Market by Type
6.6.3 Nigeria Foot Orthotic Insoles Market by Material
6.7 Rest of LAMEA Foot Orthotic Insoles Market
6.7.1 Rest of LAMEA Foot Orthotic Insoles Market by Distribution Channel
6.7.2 Rest of LAMEA Foot Orthotic Insoles Market by Type
6.7.3 Rest of LAMEA Foot Orthotic Insoles Market by Material
Chapter 7. Company Profiles
7.1 Materialise NV
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.2 Colfax Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 Reckitt Benckiser Group PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Hanger, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.5 Ossur Hf.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Groupe Gorge
7.6.1 Company Overview
7.6.2 Financial Analysis
7.7 Superfeet Worldwide, LLC
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Ottobock SE & Co. KGaA
7.8.1 Company Overview
7.9 A Algeos Limited
7.9.1 Company Overview
7.10. Bauerfeind AG
7.10.1 Company Overview
TABLE 1 LAMEA Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 LAMEA Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 LAMEA Hospitals & Clinics Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hospitals & Clinics Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Drug Stores Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Drug Stores Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 13 LAMEA Custom-made Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Custom-made Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Pre-fabricated Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Pre-fabricated Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 18 LAMEA Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 19 LAMEA Thermoplastics Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Thermoplastics Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Composite Carbon Fiber Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Composite Carbon Fiber Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Foot Orthotic Insoles Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Foot Orthotic Insoles Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 28 Brazil Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 29 Brazil Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 Brazil Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 Brazil Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 32 Brazil Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 33 Brazil Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 34 Brazil Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 35 Argentina Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 36 Argentina Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 37 Argentina Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Argentina Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Argentina Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 40 Argentina Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 41 Argentina Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 42 Argentina Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 43 UAE Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 44 UAE Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 45 UAE Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 UAE Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 UAE Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 48 UAE Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 49 UAE Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 50 UAE Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 59 South Africa Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 60 South Africa Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 61 South Africa Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 South Africa Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 South Africa Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 64 South Africa Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 65 South Africa Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 66 South Africa Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 67 Nigeria Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 70 Nigeria Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 71 Nigeria Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 72 Nigeria Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 73 Nigeria Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 74 Nigeria Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Foot Orthotic Insoles Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Foot Orthotic Insoles Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Foot Orthotic Insoles Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Foot Orthotic Insoles Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Foot Orthotic Insoles Market by Type, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Foot Orthotic Insoles Market by Type, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Foot Orthotic Insoles Market by Material, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Foot Orthotic Insoles Market by Material, 2022 - 2028, USD Million
TABLE 83 Key Information – Materialise NV
TABLE 84 Key Information – Colfax Corporation
TABLE 85 Key information – Reckitt Benckiser Group PLC
TABLE 86 Key Information – Hanger, Inc.
TABLE 87 Key Information –Ossur Hf.
TABLE 88 Key Information – Groupe Gorge
TABLE 89 Key Information – Superfeet Worldwide,LLC
TABLE 90 Key Information – Ottobock SE & Co. KGaA
TABLE 91 Key Information – A Algeos Limited
TABLE 92 Key Information – Bauerfeind AG
List of Figures
FIG 1 Methodology for the research