Technological advancements have made our lives more convenient and our shoes more comfortable. Footwear companies are busy patenting the latest technologies to bring comfort to their products. Yet, shoes can’t alleviate majority of the lower limb ailment. So, instead, we turn to a better solution — custom orthotics.
According to the report by Transparency Market Research (TMR), the total market size of foot orthotics was estimated to be US$3.2 billion in 2017. With a compound annual growth rate (CAGR) of 6.3%, the market is projected to reach US$ 5.0 billion by 2026. Such a high increase in the foot orthotics market is considered due to an increase in diabetic and arthritis population, more health awareness, and a higher adoption of technologically advanced products.
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