According to Technavio’s latest market research study, the global massage equipment market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global massage equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below:
Global massage equipment market by back massagers: The demand for back massagers is likely to increase in developing countries like India, Brazil, and South Africa because of the increased need for health care and availability of electric massagers globally. There will also be a high demand for back massagers from developed countries like the US, the UK, and Japan because of the presence of a large number of baby boomers in these countries.
“People aged 55 years and above account for a majority of the demand for back massagers. Increasing life expectancy coupled with the easy availability of these products is anticipated to propel the adoption of back massagers in the coming years,” says Ujjwal Doshi, a lead analyst at Technavio for research on consumer electronics.
Global massage equipment market by handheld massagers: Factors such as the increased rate of urbanization, rise in disposable income, and launch of new lightweight products with innovative designs drive the demand for handheld massagers in the global market. The US and the UK are two of the key revenue contributors in this market space.
Global massage equipment market by neck and back massagers: Increasing instances of neck and back problems on a global scale is the driving force behind the growth of the global neck and back massager market. Rising disposable incomes are likely to impact the purchasing pattern of costly electric massagers, thereby leading to further growth of the market.
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The top vendors operating in the global massage equipment market are:
- JSB Healthcare
- OSIM International
- Panasonic
- Prospera
Other prominent vendors in the market include Beurer, Deemark Healthcare, HealthmateForever, HoMedics, International Electro Medical, LURACO Technologies, Medisana, OMRON, Robotouch, and Shenzhen Relcare Electronics.
A more detailed analysis is available in the Technavio report titled, ‘Global Massage Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Luxury Massage Chair Market 2016-2020
- Global Massage Oil Market 2016-2020
- Global Electronic Massager Market 2016-2020
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