Foot Orthotic Insoles Market To Expand Industry Growth At USD 5.78 Billion By 2030
San Francisco, 24 Jan 2023: The Report Foot Orthotic Insoles Market Size, Share & Trends Analysis Report By Material (Thermoplastic, Composite Carbon Fiber), By Type (Pre-fabricated, Custom-made), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030 The global foot orthotic insoles market size is expected to reach USD 5.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.9% from 2022 to 2030. An increase in the obese and geriatric population is the major factor that drives the growth. A rise in the demand for customized foot orthotic insoles is anticipated to provide ample opportunity for the market over the forecast period. The initial price of buying orthotic insoles is depressing healthcare providers as well as individuals from investing in them which is expected to contract demand. Also, limited awareness across emerging countries is likely to hamper the product’s penetration. The C