Market research of orthopedic shoes and insoles market in India
The relevance of research
Currently, more than 60% of the Indian population has problems with the musculoskeletal system and needs the use of orthopedic products, including orthopedic shoes and orthopedic insoles. In addition, today there is a widespread fashion for a healthy lifestyle, which involves wearing comfortable and comfortable shoes with special insoles, the functions of which are also performed by orthopedic products.
Purpose of the study
Analysis of the state of the market of orthopedic shoes and orthopedic insoles, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market of orthopedic shoes and orthopedic insoles
Content
Part 1. Market Overview of Orthopedic Shoes and Orthopedic Insoles in India
1.1 Main characteristics of the market
1.2 Evaluation of factors affecting the market
1.3 Market trends
1.4 Production volume
1.5 Share of exports in production
1.6 Market share of imports
1.7 Dynamics of market volume and capacity, 2015-2017
1.8 Market structure
1.8.1 By types of orthopedic shoes
1.8.2 By types of orthopedic insoles
Part 2. Analysis of competitors (TOP-10)
2.1 Largest manufacturers in the market
2.2 Market shares of the largest competitors
Part 3. Consumption forecast until 2022
Part 4. Recommendations and conclusions
Research excerpt
Part 1. Market Overview of Orthopedic Shoes and Orthopedic Insoles in India
1.1 Main characteristics of the market
Most people spend a lot of time on their feet every day. Some have standing jobs, others are constantly on the move, even children are no exception. Considering that most often people wear uncomfortable or improperly sewn shoes, this lifestyle does not go unnoticed for the body. To feel good and be healthy, doctors recommend wearing orthopedic shoes at all times. Its advantages over conventional models include ...
Orthopedic insoles, as a rule, are a structural part of orthopedic shoes or can be a separate element for use in ordinary shoes.
There are following types of orthopedic insoles...
1.2 Evaluation of factors affecting the market
Consider the main factors affecting the Indian market of orthopedic shoes and orthopedic insoles and, accordingly, demand.
Economic
The real incomes of the population determine the level of solvent demand. Starting from 2014, the dynamics of real incomes of the population is negative, so real incomes decreased in 2014 - by ...% compared to 2013, in 2015 - by ...% compared to 2014, in 2016 - by ...% compared to 2015. At the end of 2017 ... As a result, many consumers had to save money and prioritize the purchase of orthopedic products. ...
Due to high import dependence, the Indian market of orthopedic shoes and orthopedic insoles is affected by the exchange rate of the national currency, which also affects the purchasing power of the population. The weakening of the Indian rupee against the US dollar in 2015-2016 led to an increase in the cost of imported products. As a result, the import share of the Indian orthopedic footwear and orthopedic insoles market decreased from ...
Diagram 3. Average nominal exchange rate of Rs. to USD, 2013 – 9 months 2018
Socio-demographic
Over the past six years, the population of India has shown a positive trend, which ...
technological
Among the technological factors influencing the market of orthopedic shoes and orthopedic insoles, one can note ...
Political and legal
There are standards in the industry that govern the production and performance requirements of orthopedic shoes and orthotic insoles, resulting in a sufficiently high quality product on the market ...
To sell orthopedic products, a manufacturer or importer needs to obtain ...
1.3 Market trends
Among the main trends in the Indian market of orthopedic shoes and orthopedic insoles are: ...
1.4 Production volume
According to GidMarket estimates based on Rosstat data, in 2017, the volume of production of orthopedic shoes and orthopedic insoles in India amounted to ... thousand pairs. At the same time ... % of the output fell on orthopedic insoles ...
Diagram 5. The structure of the production of orthopedic shoes and orthopedic insoles in India by category, 2017,%
1.5 Share of exports in production
According to GidMarket... Thus, the share of export supplies of orthopedic shoes in the output of these products amounted to ... %, orthopedic insoles - ... % ...
Chart 6. Share of exports in the production of orthopedic shoes and orthopedic insoles in India by category, 2017, %
1.6 Market share of imports
According to GidMarket estimates ... imports of orthopedic shoes and orthopedic insoles in India amounted to ... % of the total market ...
1.7 Dynamics of market volume and capacity, 2015-2017
... the volume of the orthopedic footwear market in India amounted to ... thousand pairs, ... compared to 2014 by ...%. In 2016, there was ... the market by ...% compared to last year's level to ... thousand pairs. At the end of 2017, the positive dynamics continued, the growth rate compared to 2016 amounted to ... %, and the market volume - ... thousand pairs.
Unlike orthopedic shoes, the Indian orthopedic insole market is seeing a different dynamic...
In general, the Indian market of orthopedic shoes and orthopedic insoles in 2015 amounted to ... thousand pairs, ...
Diagram 10. Dynamics of the market volume of orthopedic shoes and orthopedic insoles in India, 2015-2017, thousand pairs
1.8 Market structure
1.8.1 By types of orthopedic shoes
According to GidMarket ..., in 2017 ...% of the Indian market of orthopedic shoes was for adults, ...% - for children.
Diagram 12. Orthopedic footwear market structure by types of products (complex, low-complex and other), 2017, %
1.8.2 By types of orthopedic insoles
According to GidMarket ... the share of orthopedic insoles for adult shoes was ... % of the total market of the category in question, the remaining ...
Part 2. Analysis of competitors (TOP-10)
2.1 Largest manufacturers in the market
According to GidMarket, the largest players in the Indian market of orthopedic shoes and orthopedic insoles include the following companies (brands): ...
According to GidMarket estimates, in 2016-2017. foreign brands of orthopedic insoles left the Indian market, such as ... In the same period, new brands appeared: in terms of orthopedic shoes - ...; regarding orthopedic insoles...
2.2 Market shares of the largest competitors
According to GidMarket, according to the results of 2017, the leading brands in the Indian orthopedic footwear market among foreign brands were ... ... The share of other Indian companies amounted to ...% of the total orthopedic footwear market.
In the Indian market of orthopedic insoles, the leaders among foreign manufacturers in 2017 were XXXXX (...%), XXXXX (...%) and XXXXX (...%). The share of other imports accounted for ... % of the total market volume. The group of the largest domestic enterprises included LLC ""ХХХХХ"" (...%), ... The share of other Indian manufacturers amounted to ...% of the total market of orthopedic insoles.
According to the results of 2017, in the Indian market of orthopedic shoes and orthopedic insoles, in general, XXXXX (...%), XXXXX (XXXXX%), .... Among domestic enterprises, the largest were ...
Part 3. Consumption forecast until 2022
...
Part 4. Recommendations and conclusions
...
Diagrams
Diagram 1. Dynamics of India's GDP, 2013-2018, in % to the previous year
Diagram 2. Dynamics of real money income of the population of India, 2013-2018, in % to the previous year
Diagram 3. The average nominal rate of Rs. to USD, 2013 – 9 months 2018
Diagram 4. Population dynamics in India, 2013-2018, million people
Diagram 5. Structure of production of orthopedic shoes and orthopedic insoles in India by category, 2017, %
Diagram 6. Share of exports in the production of orthopedic shoes and orthopedic insoles in India by category, 2017, %
Diagram 7. Share of imports in the market of orthopedic shoes and orthopedic insoles in India by category, 2017, %
Diagram 8. Dynamics of the market volume of orthopedic shoes in India, 2015-2017, thousand pairs
Diagram 9. Dynamics of the market volume of orthopedic insoles in India, 2015-2017, thousand pairs
Diagram 10. Dynamics of the volume of the market of orthopedic shoes and orthopedic insoles in India, 2015-2017, thousand pairs
Diagram 11. Orthopedic footwear market structure by product type (for children and adults), 2017, %
Diagram 12. Orthopedic footwear market structure by product types (complex, low-complex and other), 2017, %
Diagram 13. Orthopedic insoles market structure by product type, 2017, %
Diagram 14. Shares of the largest competitors in the orthopedic footwear market in India, 2017, %
Diagram 15. Shares of the largest competitors in the orthopedic insoles market in India, 2017, %
Diagram 16. Shares of the largest competitors in the market of orthopedic shoes and orthopedic insoles in India, 2017, %
Diagram 17. Forecast of orthopedic footwear market in India, 2018-2022, thousand pairs
Diagram 18. Forecast of orthopedic insoles market in India, 2018-2022, thousand pairs
Diagram 19. Market forecast for orthopedic shoes and orthopedic insoles in India, 2018-2022, thousand pairs
Tables
Table 1. STEP Analysis of Factors Affecting the Orthopedic Shoes and Orthopedic Insoles Market in India
Table 2. Major Players in the Orthopedic Shoes and Orthopedic Insoles Market in India
Research benefits
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