Canada Shoe Insoles Market Size & Outlook, 2023-2030
Canada shoe insoles market, 2017-2030 (US$M)
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Canada shoe insoles market highlights
- The Canada shoe insoles market generated a revenue of USD 190.9 million in 2023 and is expected to reach USD 245.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, orthotics was the largest revenue generating application in 2023.
- Casual is the most lucrative application segment registering the fastest growth during the forecast period.
Shoe insoles market data book summary
| Market revenue in 2023 | USD 190.9 million |
| Market revenue in 2030 | USD 245.2 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Casual |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Athletic, Orthotics |
| Key market players worldwide | Yonex Co Ltd, ASICS Corp, Li Ning Co Ltd, Bauerfeind, Foot Science International, Stable Step LLC, SOLO Laboratories, Insole Brand and Medical Adhesive Products -Spenco Medical Corp, Superfeet, Texon International Group, Footbalance, Currex, Sidas, Enertor, PROFOOT, Rehband, Aetrex Worldwide, Decathlon, Scholl's Wellness, New Balance |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global shoe insoles market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,499.2 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada shoe insoles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shoe insoles market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 59.66% in 2023. Horizon Databook has segmented the Canada shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
Canadians are becoming more health-conscious and aware of the importance of foot health. This heightened awareness has driven the demand for shoe insoles to improve comfort and provide better foot support.
This trend has resulted in a higher demand for shoe insoles among seniors seeking relief from foot-related issues. Advancements in materials and manufacturing techniques have resulted in the development of more innovative and technologically advanced shoe insoles.
As more people purchase shoes, there is a natural increase in the demand for complementary insoles. For instance, Orpyx Medical Technologies Inc. (Orpyx), a trailblazer in digital health therapeutics, has launched the Orpyx SI Sensory Insoles featuring Remote Patient Monitoring, aimed at preventing neuropathy-related ulcers and diabetic foot ulcers (DFU).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Canada shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada shoe insoles market size, by application, 2017-2030 (US$M)
Canada Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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