New Study from StrategyR Highlights a $4.3 Billion Global Market for

On Sep 10, 2021

SAN FRANCISCO, Sept. 10, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Foot Insoles – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 353
Companies: 38 – Players covered include Bauerfeind AG; Bayer Healthcare AG; Footlogix; ING corporation, s.r.o.; Powerstep; SOLO Laboratories, Inc.; Spenco Medical Corporation; Superfeet Worldwide, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Medical Insoles, Sport Insoles); Material Type (Polypropylene, Leather Insoles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Foot Insoles Market to Reach $4.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Foot Insoles estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Medical Insoles, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$2.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sport Insoles segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $884 Million in 2021, While China is Forecast to Reach $896.6 Million by 2026
The Foot Insoles market in the U.S. is estimated at US$884 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$896.6 Million by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the…